面臨全球化競爭的趨勢,企業經營已不能再是本位主義,國際化儼然成為了企業的必要課題,另外,持續不斷的創新也是企業得以永續經營的條件之一,然而在資源有限的環境下,企業應該要如何妥善配置所擁有的資源,才能創造公司永續的競爭優勢,乃企業經營者所關心的議題。本研究以2001年至2009年擁有美國專利暨商標局專利權的台灣上市櫃之電子資訊業為研究對象,探討企業創新能力與創新績效之關係,再進一步探討企業國際化程度與創新能力兩者對創新績效及公司價值之交互效果為何。實證結果發現,公司創新能力越強,則創新績效越佳,但是,國際化程度的提升對創新績效並無助益,反而會因為資源分散而使得創新績效有下降的現象,亦即國際化程度與創新能力對於創新績效存在互斥效果。另外,當公司國際化達到一定程度,若同時具有較強的創新能力,則對公司價值之創造具有正面幫助,相反的,若公司國際化程度較低,則徒具創新能力仍無法為公司創造更高的價值。 Under the trends of global competition, enterprise management should no longer be operated towards egoism. Internationalization has primarily become a dominant factor in managing an enterprise. In addition, continuing innovation is one of the criteria to sustain management. However, with the relatively scarce resource, entrepreneur has a main concern on how to properly allocate resources in order to create a sustainable competitive advantage. This paper seeks to address the relationship between enterprise innovation capability and innovation performance . Additionally, I will focus on their interaction effects towards innovation performance and firm values. The main investigated target was aimed at the firm that lists under Taiwan’s electrical information industry, goes public, and holds the patent that was issued from U.S. Patent & Trademark Office (USPTO) within the period from 2001 to 2009. Based on the research results, the stronger the innovation capability, the higher the innovation performance. However, raising the degree of internationalization doesn’t seem to improve the innovation performance. The scattered resources make the innovation performance decline instead. The findings indicate the degree of internationalization and innovation capability are mutually exclusive. Despite the fact, the further research proved when the degree of internationalization reaches a certain level, stronger innovation capability tends to enhance the firm values. Contrarily, if a firm has a relatively lower perspective in internationalization, then no higher value would be made for the firm, even with existed innovation capability.