Kweh, Qian Long and Le, Hanh Thi My and Ting, Irene Wei Kiong and Lu, Wen Min (2023) Family control, R&D expenses and firm efficiency : Evidence from Taiwanese cultural and creative industries. International Journal of Emerging Markets. pp. 1-21. ISSN 1746-8809. (In Press / Online First) (In Press / Online First)
![[img]](http://umpir.ump.edu.my/style/images/fileicons/other.png) |
Pdf
Family control, R&D expenses and firm efficiency.pdf Restricted to Repository staff only Download (289kB) | Request a copy |
|
|
Pdf
Family control, R&D expenses and firm efficiency_Evidence from Taiwanese cultural and creative industries_ABS.pdf Download (57kB) | Preview |
Abstract
Purpose: First, this study assesses the link between research and development (R&D) expenses and firm efficiency. Second, this study explores how family control moderates the link between the two. Design/methodology/approach: This study uses two measures of time-based firm efficiency, namely, a window slacks-based measure (WSBM) and a window epsilon-based measure (WEBM) of data envelopment analysis (DEA). Then, 216 firm-year observations are analyzed in the Taiwanese cultural and creative industries from 2005 to 2017. Findings: This study finds that R&D expenses significantly worsen firm efficiency, and that family control positively moderates this effect. A further test separating the sample into family-controlled and nonfamily-controlled firms indicates that R&D expenses negatively affect the efficiency of nonfamily-controlled firms but positively affect that of family-controlled firms. Research limitations/implications: The existing literature has examined the link between R&D expenses and corporate performance. However, the process by which R&D expenses affect corporate performance from a production perspective remains unknown. Originality/value: Overall, this study provides insights for policymakers to scrutinize resource management and R&D expenses from the production and resource-based perspectives.
| Item Type: | Article |
|---|---|
| Additional Information: | Indexed by Scopus |
| Uncontrolled Keywords: | Culturaland creative industries; Data envelopment analysis; Family control; Firm efficiency; R&D expenses |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management T Technology > T Technology (General) |
| Faculty/Division: | Faculty of Industrial Management |
| Depositing User: | Mr Muhamad Firdaus Janih@Jaini |
| Date Deposited: | 16 Apr 2024 04:22 |
| Last Modified: | 16 Apr 2024 04:22 |
| URI: | http://umpir.ump.edu.my/id/eprint/40404 |
| Download Statistic: | View Download Statistics |
Actions (login required)
 |
View Item |