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Controlling Interest and Firm Efficiency: Comparing Family‐ and Nonfamily‐Controlled Taiwanese Cultural and Creative Industry Firms

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  • Qian Long Kweh
  • Irene Wei Kiong Ting
  • Wen‐Min Lu
  • Hanh Thi My Le

Abstract

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.

Suggested Citation

  • Qian Long Kweh & Irene Wei Kiong Ting & Wen‐Min Lu & Hanh Thi My Le, 2025. "Controlling Interest and Firm Efficiency: Comparing Family‐ and Nonfamily‐Controlled Taiwanese Cultural and Creative Industry Firms," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(2), pages 1344-1357, March.
    • Handle: RePEc:wly:mgtdec:v:46:y:2025:i:2:p:1344-1357
    DOI: 10.1002/mde.4437
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