| dc.description.abstract | Along with the emergence of economic globalization, the activities of international trade and investment become prevailing in Taiwanese firms. Crucially, how economic globalization affects firms’ growth? Is it promoting or retarding firm growth? Using a panel dataset of manufacturing firms listed on Taiwan’s stock exchange market for the 1990-2018 period, this thesis examines the relationship between economic globalization, in terms of exports and outward foreign direct investment (OFDI), and firm growth. Empirical results find that exports are positively related to sale growth, whereas there is no significant relationship between exports and employment growth. Correspondingly, OFDI exhibits a significantly negative influence on sale growth and employment growth. Regarding other covariates, this thesis finds that small firms grow faster in terms of sale growth and employment growth, rejecting the Gibrat’s law that firm size is irrelevant to growth. Younger firms are found to grow faster, supporting the hypothesis of dynamic learning effect. We also find that capital intensity is positively related to firm growth. | en_US |