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...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English English |
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Emerald Publishing
2023
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| Online Access: | http://umpir.ump.edu.my/id/eprint/40404/ 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 |
| _version_ | 1848826039753506816 |
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| 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 |
| building | UMP Institutional Repository |
| collection | Online Access |
| 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. |
| first_indexed | 2025-11-15T03:38:29Z |
| format | Article |
| id | ump-40404 |
| institution | Universiti Malaysia Pahang |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-15T03:38:29Z |
| publishDate | 2023 |
| publisher | Emerald Publishing |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | ump-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 |
| 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 |
| title | 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_short | 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 |
| topic | HD28 Management. Industrial Management T Technology (General) |
| url | http://umpir.ump.edu.my/id/eprint/40404/ http://umpir.ump.edu.my/id/eprint/40404/ http://umpir.ump.edu.my/id/eprint/40404/ 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 |