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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...

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Main Authors: Kweh, Qian Long, Ting, Irene Wei Kiong, Lu, Wen-Min, Le, Hanh Thi My
Format: Article
Language:English
Published: John Wiley & Sons, Ltd. 2024
Subjects:
HG Finance
Online Access:http://umpir.ump.edu.my/id/eprint/43392/1/Kweh%20et%20al.%20%282024%29_MDE_in%20press.pdf
http://umpir.ump.edu.my/id/eprint/43392/
https://doi.org/10.1002/mde.4437
https://doi.org/10.1002/mde.4437
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spelling my.ump.umpir.433922025-01-02T07:16:28Z 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
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
topic HG Finance
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
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.
format Article
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
title 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_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_sort controlling interest and firm efficiency: comparing family- and nonfamily-controlled taiwanese cultural and creative industry firms
publisher John Wiley & Sons, Ltd.
publishDate 2024
url http://umpir.ump.edu.my/id/eprint/43392/1/Kweh%20et%20al.%20%282024%29_MDE_in%20press.pdf
http://umpir.ump.edu.my/id/eprint/43392/
https://doi.org/10.1002/mde.4437
https://doi.org/10.1002/mde.4437
_version_ 1822924899933487104
score 13.232424

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