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Family control, R&D expenses and firm efficiency : Evidence from Taiwanese cultural and creative industries

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...

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Main Authors: Kweh, Qian Long, Le, Hanh Thi My, Ting, Irene Wei Kiong, Lu, Wen Min
Format: Article
Language:English
English
Published: Emerald Publishing 2023
Subjects:
HD28 Management. Industrial Management
T Technology (General)
Online Access:http://umpir.ump.edu.my/id/eprint/40404/1/Family%20control%2C%20R%26D%20expenses%20and%20firm%20efficiency.pdf
http://umpir.ump.edu.my/id/eprint/40404/2/Family%20control%2C%20R%26D%20expenses%20and%20firm%20efficiency_Evidence%20from%20Taiwanese%20cultural%20and%20creative%20industries_ABS.pdf
http://umpir.ump.edu.my/id/eprint/40404/
https://doi.org/10.1108/IJOEM-11-2020-1291
https://doi.org/10.1108/IJOEM-11-2020-1291
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spelling my.ump.umpir.404042024-04-16T04:22:10Z http://umpir.ump.edu.my/id/eprint/40404/ Family control, R&D expenses and firm efficiency : Evidence from Taiwanese cultural and creative industries Kweh, Qian Long Le, Hanh Thi My Ting, Irene Wei Kiong Lu, Wen Min HD28 Management. Industrial Management T Technology (General) 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. Emerald Publishing 2023 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/40404/1/Family%20control%2C%20R%26D%20expenses%20and%20firm%20efficiency.pdf pdf en http://umpir.ump.edu.my/id/eprint/40404/2/Family%20control%2C%20R%26D%20expenses%20and%20firm%20efficiency_Evidence%20from%20Taiwanese%20cultural%20and%20creative%20industries_ABS.pdf 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) https://doi.org/10.1108/IJOEM-11-2020-1291 https://doi.org/10.1108/IJOEM-11-2020-1291
institution Universiti Malaysia Pahang Al-Sultan Abdullah
building UMPSA Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Pahang Al-Sultan Abdullah
content_source UMPSA Institutional Repository
url_provider http://umpir.ump.edu.my/
language English
English
topic HD28 Management. Industrial Management
T Technology (General)
spellingShingle HD28 Management. Industrial Management
T Technology (General)
Kweh, Qian Long
Le, Hanh Thi My
Ting, Irene Wei Kiong
Lu, Wen Min
Family control, R&D expenses and firm efficiency : Evidence from Taiwanese cultural and creative industries
description 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.
format Article
author Kweh, Qian Long
Le, Hanh Thi My
Ting, Irene Wei Kiong
Lu, Wen Min
author_facet Kweh, Qian Long
Le, Hanh Thi My
Ting, Irene Wei Kiong
Lu, Wen Min
author_sort Kweh, Qian Long
title Family control, R&D expenses and firm efficiency : Evidence from Taiwanese cultural and creative industries
title_short Family control, R&D expenses and firm efficiency : Evidence from Taiwanese cultural and creative industries
title_full Family control, R&D expenses and firm efficiency : Evidence from Taiwanese cultural and creative industries
title_fullStr Family control, R&D expenses and firm efficiency : Evidence from Taiwanese cultural and creative industries
title_full_unstemmed Family control, R&D expenses and firm efficiency : Evidence from Taiwanese cultural and creative industries
title_sort family control, r&d expenses and firm efficiency : evidence from taiwanese cultural and creative industries
publisher Emerald Publishing
publishDate 2023
url http://umpir.ump.edu.my/id/eprint/40404/1/Family%20control%2C%20R%26D%20expenses%20and%20firm%20efficiency.pdf
http://umpir.ump.edu.my/id/eprint/40404/2/Family%20control%2C%20R%26D%20expenses%20and%20firm%20efficiency_Evidence%20from%20Taiwanese%20cultural%20and%20creative%20industries_ABS.pdf
http://umpir.ump.edu.my/id/eprint/40404/
https://doi.org/10.1108/IJOEM-11-2020-1291
https://doi.org/10.1108/IJOEM-11-2020-1291
_version_ 1822924228313219072
score 13.232432

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