Technical efficiency of firms, a comparison study for family and nonfamily-owned businesses in Southeast Asian countries

This is a comparative study on firm efficiency, a proxy for firm performance, between family-owned business (FOB) and non-family-owned business (non-FOB). This study aims to determine a firms' efficiency by comparing FOB and non-FOB in Southeast Asia countries. The efficiency ratios for five So...

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Main Authors: Wong, Wai Wah, Yahya, M. H., Bany Ariffin, Amin Noordin, Ong, Tze San
Format: Article
Published: Universiti Putra Malaysia 2022
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author Wong, Wai Wah
Yahya, M. H.
Bany Ariffin, Amin Noordin
Ong, Tze San
author_facet Wong, Wai Wah
Yahya, M. H.
Bany Ariffin, Amin Noordin
Ong, Tze San
author_sort Wong, Wai Wah
collection UPM
description This is a comparative study on firm efficiency, a proxy for firm performance, between family-owned business (FOB) and non-family-owned business (non-FOB). This study aims to determine a firms' efficiency by comparing FOB and non-FOB in Southeast Asia countries. The efficiency ratios for five Southeast Asian countries were estimated using Data Envelopment Analysis (DEA), before a two-sample T-test to determine the differences between FOBs and non-FOBs. Hence, secondary data research techniques from each country from 2007 to 2016 were used to conduct the comparison. The data were gathered from various sources. The findings did not archive any comparison in performance among FOBs and non-FOBs. This finding is fundamental for the Board of Director (BOD), senior management of the firms, researchers, policymakers, scholastics, and the overall population., Ceteris paribus, both FOB and non-FOB, ought to work at a similar efficiency even out and have the option to produce comparative returns for their shareholders. Subsequently, stakeholders can compare treatments to assist in alleviating the dependency on two unique treatments or strategies when managing FOB and nonFOB. In short, it could expand the BOD and management efficiency.
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spelling upm.eprints-1034392023-06-07T06:59:40Z http://psasir.upm.edu.my/id/eprint/103439/ Technical efficiency of firms, a comparison study for family and nonfamily-owned businesses in Southeast Asian countries Wong, Wai Wah Yahya, M. H. Bany Ariffin, Amin Noordin Ong, Tze San This is a comparative study on firm efficiency, a proxy for firm performance, between family-owned business (FOB) and non-family-owned business (non-FOB). This study aims to determine a firms' efficiency by comparing FOB and non-FOB in Southeast Asia countries. The efficiency ratios for five Southeast Asian countries were estimated using Data Envelopment Analysis (DEA), before a two-sample T-test to determine the differences between FOBs and non-FOBs. Hence, secondary data research techniques from each country from 2007 to 2016 were used to conduct the comparison. The data were gathered from various sources. The findings did not archive any comparison in performance among FOBs and non-FOBs. This finding is fundamental for the Board of Director (BOD), senior management of the firms, researchers, policymakers, scholastics, and the overall population., Ceteris paribus, both FOB and non-FOB, ought to work at a similar efficiency even out and have the option to produce comparative returns for their shareholders. Subsequently, stakeholders can compare treatments to assist in alleviating the dependency on two unique treatments or strategies when managing FOB and nonFOB. In short, it could expand the BOD and management efficiency. Universiti Putra Malaysia 2022 Article PeerReviewed Wong, Wai Wah and Yahya, M. H. and Bany Ariffin, Amin Noordin and Ong, Tze San (2022) Technical efficiency of firms, a comparison study for family and nonfamily-owned businesses in Southeast Asian countries. International Journal of Economics and Management, 16 (spec.1). 15 - 31. ISSN 2600-9390 http://www.ijem.upm.edu.my/vol16noS1 10.47836/ijeamsi.16.1.002
spellingShingle Wong, Wai Wah
Yahya, M. H.
Bany Ariffin, Amin Noordin
Ong, Tze San
Technical efficiency of firms, a comparison study for family and nonfamily-owned businesses in Southeast Asian countries
title Technical efficiency of firms, a comparison study for family and nonfamily-owned businesses in Southeast Asian countries
title_full Technical efficiency of firms, a comparison study for family and nonfamily-owned businesses in Southeast Asian countries
title_fullStr Technical efficiency of firms, a comparison study for family and nonfamily-owned businesses in Southeast Asian countries
title_full_unstemmed Technical efficiency of firms, a comparison study for family and nonfamily-owned businesses in Southeast Asian countries
title_short Technical efficiency of firms, a comparison study for family and nonfamily-owned businesses in Southeast Asian countries
title_sort technical efficiency of firms a comparison study for family and nonfamily owned businesses in southeast asian countries
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