標題: Lessons from the global financial crisis for the semiconductor industry
作者: Wu, Chiu-Hui
Ding, Cherng G.
Jane, Ten-Der
Lin, Hang-Rung
Wu, Cheng-Ying
交大名義發表
經營管理研究所
National Chiao Tung University
Institute of Business and Management
關鍵字: Global financial crisis;Government intervention;Financial performance;Piecewise linear trajectory model
公開日期: 1-Oct-2015
摘要: During the global financial crisis in 2008, governments around the world have used a variety of policies to support threatened industries and to stabilize financial systems. In the present study, we empirically compare the patterns of the dynamic change in the financial performance of the semiconductor industry before and after government intervention by using the piecewise linear trajectory model for Japan, South Korea and Taiwan, three major economies for the industry. The empirical results indicate that during the global financial crisis, the performance of the semiconductor industry can benefit from government support, in spite of the fact that the improvement was somewhat delayed after intervention. Moreover, the change pattern of the performance depends on the performance factor and the economy. Based on the results obtained as well as literature support, we summarize the economic and industrial policies that might have demonstrated usefulness for the industry and discuss some implications. (C) 2015 Elsevier Inc. All rights reserved.
URI: http://dx.doi.org/10.1016/j.techfore.2015.06.036
http://hdl.handle.net/11536/129473
ISSN: 0040-1625
DOI: 10.1016/j.techfore.2015.06.036
期刊: TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
Volume: 99
起始頁: 47
結束頁: 53
Appears in Collections:Articles