| 摘要(英) |
This study surveies the management performance evaluation of IC substrate manufacturers which provide the substantial material to assemble the IC package in semiconductor industry. IC substrate shares 30% of assembly cost and Taiwan IC substrate manufacturing currently has a global market share of 24% with 30-40% net profit. As there is a trendency towards lighter, finer, shorter and smaller electric products with multi-function and family digitization, it is expected to be highly growth industry in coming 5 years.
This study, focusing on competitiveness analysis, compares the competitiveness between companies in IC substrate industry and its variation along with years measured in efficiency. There are a great number of indices of management ability and profitability in financial reports, however, the discrimination between good and bad company might vary with the index we adopted. As we read through financial reports, it is a very subjective judement to conclude which company has best performance and the result might be varied accompany with the weight in different professionals’ opinions. This study will adopt DEA method to analyze the efficiency in accordance with mult-input/output and to assess it in single, integrated efficiency index. The advantage is not only unifying financial indices into one integrated efficiency index, but also using bench-marking to dig out the concrete improvement proposals for the companies with poor performance. If necessary, the weight could be set to develop a formula for successful business.
As a result of DEA CRS analysis, the ranking in 2005 is Nan-ya > Uimicron > Kinsus > PPt > Compeq. The analysis of DEA VRS results in Kinsus > Nan-ya > Uimicron > PPt > Compeq. With respect to the number of times been bench-marked, Kinsus is the most frequent, in other words, Kinsus is most popular target which other companies would like to be.
By MPI to compare productivity efficiency and development possibility, this study reveals that Kinsus got the highest catching-up in efficiency in past 5 years, that is, Kinsus got the most growth potencial possibility. The MPI analysis results in Nan-ya > Kinsus > PPt > Uimicron > Compeq.
This study applies DEA and MPI to evaluate the operating efficiency of 5 IC substrate manufacturers, the results show strong positive correlation, 0.86, between stock price and operating efficiency. |
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