本研究以2012年至2020年台灣上市櫃公司為研究樣本，探討研發投資對公司成長機會的影響。實證發現，公司投入研發強度越高對公司成長機會有正向影響。其次，研發投資產生的效益規模有賴於公司對客戶偏好、市場潛力的掌握，以及供應商的配合，因此本研究分別加入供應商集中度與客戶集中度，基於資訊分享與合作的動機，預期能強化研發投資與公司成長機會的正向關係。實證結果符合本研究的預期，供應商集中度與客戶集中度對研發投資與公司成長機會之間的關係，具有正向調節效果。

This study examines the impact of R&D investment on corporate growth opportunities. Using data from Taiwanese listed firms from 2012 to 2020, we find that R&D investment intensity positively enhances corporate growth opportunities. The scale of benefits generated from R&D investment depends on a company's understanding of customer preferences, market potential, and supplier cooperation. Consequently, this study incorporates supplier and customer concentration into its analysis. Based on the motives of information sharing and collaboration, we hypothesize that these factors strengthen the positive relationship between R&D investment and a company's growth opportunities. The empirical results support our hypothesis, indicating that both supplier and customer concentration positively moderate the relationship between R&D investment and corporate growth opportunities.

目錄	
第壹章    緒論	1
  第一節    研究背景與動機	1
  第二節    研究目的	4
  第三節    研究流程	5
第貳章    文獻回顧與假說發展	7
第一節    研發投資與公司成長機會	7
  第二節    供應商集中度	9
  第三節    客戶集中度	10
  第四節    供應商集中度與客戶集中度對研發投資與公司成長機會關聯性之調節效果	12
第參章    研究流程	13
  第一節    樣本選取與資料來源	13
  第二節    變數定義與衡量	14
  第三節    實證模型	18
第肆章    實證結果與分析	21
  第一節    敘述性統計分析	21
  第二節    相關係數分析	23
  第三節    迴歸分析	25
第伍章    結論與建議	28
  第一節    研究結論	28
  第二節    管理意涵	29
  第三節    未來建議與研究限制	30
參考文獻	31
  中文文獻	31
  英文文獻	31
 
圖目錄
圖1-1 研究架構流程圖	6
表目錄
表3-1  產業統計表	13
表3-2  變數定義表	16
表4-1  敘述性統計表	22
表4-2  皮爾森相關係數表	24
表4-3  假說一迴歸分析表	25
表4-4  假說二迴歸分析表	26
表4-5  假說三迴歸分析表	27

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