Controlling interest and firm efficiency: Comparing family- and nonfamily-controlled Taiwanese cultural and creative industry firms
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 th...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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John Wiley & Sons, Ltd.
2024
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| Subjects: | |
| Online Access: | http://umpir.ump.edu.my/id/eprint/43392/1/Kweh%20et%20al.%20%282024%29_MDE_in%20press.pdf |
| _version_ | 1824451721853665280 |
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| author | Kweh, Qian Long Ting, Irene Wei Kiong Lu, Wen-Min Le, Hanh Thi My |
| author_facet | Kweh, Qian Long Ting, Irene Wei Kiong Lu, Wen-Min Le, Hanh Thi My |
| author_sort | Kweh, Qian Long |
| collection | UMP |
| description | 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. |
| first_indexed | 2025-02-19T02:39:08Z |
| format | Article |
| id | UMPir43392 |
| institution | Universiti Malaysia Pahang |
| language | English |
| last_indexed | 2025-02-19T02:39:08Z |
| publishDate | 2024 |
| publisher | John Wiley & Sons, Ltd. |
| record_format | dspace |
| spelling | UMPir433922025-01-02T07:16:28Z http://umpir.ump.edu.my/id/eprint/43392/ Controlling interest and firm efficiency: Comparing family- and nonfamily-controlled Taiwanese cultural and creative industry firms Kweh, Qian Long Ting, Irene Wei Kiong Lu, Wen-Min Le, Hanh Thi My HG Finance 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. John Wiley & Sons, Ltd. 2024-11-14 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/43392/1/Kweh%20et%20al.%20%282024%29_MDE_in%20press.pdf 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) https://doi.org/10.1002/mde.4437 https://doi.org/10.1002/mde.4437 |
| spellingShingle | HG Finance Kweh, Qian Long Ting, Irene Wei Kiong Lu, Wen-Min Le, Hanh Thi My Controlling interest and firm efficiency: Comparing family- and nonfamily-controlled Taiwanese cultural and creative industry firms |
| title | Controlling interest and firm efficiency: Comparing family- and nonfamily-controlled Taiwanese cultural and creative industry firms |
| title_full | Controlling interest and firm efficiency: Comparing family- and nonfamily-controlled Taiwanese cultural and creative industry firms |
| title_fullStr | Controlling interest and firm efficiency: Comparing family- and nonfamily-controlled Taiwanese cultural and creative industry firms |
| title_full_unstemmed | Controlling interest and firm efficiency: Comparing family- and nonfamily-controlled Taiwanese cultural and creative industry firms |
| title_short | Controlling interest and firm efficiency: Comparing family- and nonfamily-controlled Taiwanese cultural and creative industry firms |
| title_sort | controlling interest and firm efficiency comparing family and nonfamily controlled taiwanese cultural and creative industry firms |
| topic | HG Finance |
| url | http://umpir.ump.edu.my/id/eprint/43392/1/Kweh%20et%20al.%20%282024%29_MDE_in%20press.pdf |
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