Kweh, Qian Long and Ting, Irene Wei Kiong and Lu, Wen-Min and Le, Hanh Thi My (2024) Controlling interest and firm efficiency: Comparing family- and nonfamily-controlled Taiwanese cultural and creative industry firms. Managerial and Decision Economics. pp. 1-14. ISSN 1099-1468. (In Press / Online First) (In Press / Online First)
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Abstract
The study evaluates the efficiencies of Taiwanese cultural and creative firms, comparing family and nonfamily firms. A novel chance-constrained network data envelopment analysis model measured efficiency from 2005 to 2020. Key findings include the following: (1) Nonfamily firms are more efficient than family-controlled firms, and (2) a nonlinear relationship between controlling shareholdings and efficiency is present only in family-controlled firms. This study offers key insights for policymakers, management, highlighting the importance of R&D investment for enhancing firm efficiency, the strategic role of family control in early-stage efficiency improvements through R&D and the need for investors to adopt tailored strategies to optimize efficiency.
| Item Type: | Article |
|---|---|
| Additional Information: | Indexed by Scopus |
| Uncontrolled Keywords: | Controlling interest; Data envelopment analysis; Enhanced Russell measure model; Family firm; R&D expenditure; Range directional measure |
| Subjects: | H Social Sciences > HG Finance |
| Faculty/Division: | Faculty of Industrial Management |
| Depositing User: | Dr. Irene Ting Wei Kiong |
| Date Deposited: | 02 Jan 2025 07:16 |
| Last Modified: | 02 Jan 2025 07:16 |
| URI: | http://umpir.ump.edu.my/id/eprint/43392 |
| Download Statistic: | View Download Statistics |
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