A Comprehensive performance evaluation and ranking methodology under a sustainable development perspective
Under industry globalization and the intensely competitive environment, a company's competitiveness must constantly be upgraded in order to achieve the goal of sustainability. Therefore, the correct and valid evaluation of companies’ sustainable performance has become an important issue. The ma...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Vilnius Gediminas Technical University
2014-12-01
|
| Series: | Journal of Business Economics and Management |
| Subjects: | |
| Online Access: | https://journals.vgtu.lt/index.php/JBEM/article/view/2709 |
| _version_ | 1818905126439485440 |
|---|---|
| author | Li-Chang Hsu Shang-Ling Ou Yih-Chang Ou |
| author_facet | Li-Chang Hsu Shang-Ling Ou Yih-Chang Ou |
| author_sort | Li-Chang Hsu |
| collection | DOAJ |
| description | Under industry globalization and the intensely competitive environment, a company's competitiveness must constantly be upgraded in order to achieve the goal of sustainability. Therefore, the correct and valid evaluation of companies’ sustainable performance has become an important issue. The main purpose of this study is to discuss and establish a sustainable performance evaluation criteria and model for companies. First, the measurements of companies’ financial, credit risk, environmental and social responsibility are integrated to create sustainable business performance evaluation criteria. Then, we integrate grey relational analysis and an improved TOPSIS method to construct a sustainable performance evaluation model for companies. In order to verify the findings of this study, we adopt Taiwan's high-tech listed companies as the research object to explore sustainable operating performance and ranking in 2011. The empirical results will help companies to build future business strategies and can also be used as an important reference for investor and bank credit auditing. |
| first_indexed | 2024-12-19T21:18:23Z |
| format | Article |
| id | doaj.art-3ebee5913b564055b986bcccae3afbc8 |
| institution | Directory Open Access Journal |
| issn | 1611-1699 2029-4433 |
| language | English |
| last_indexed | 2024-12-19T21:18:23Z |
| publishDate | 2014-12-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | Journal of Business Economics and Management |
| spelling | doaj.art-3ebee5913b564055b986bcccae3afbc82022-12-21T20:05:18ZengVilnius Gediminas Technical UniversityJournal of Business Economics and Management1611-16992029-44332014-12-0116110.3846/16111699.2013.848228A Comprehensive performance evaluation and ranking methodology under a sustainable development perspectiveLi-Chang Hsu0Shang-Ling Ou1Yih-Chang Ou2Department of Finance, Ling Tung University, 1 Ling Tung Road, Nantun, Taichung, 40852 Taiwan, R.O.C.Department of Agronomy, National Chung Hsing University, 250 KuoKuang Rd., Taichung, 40227 Taiwan, R.O.CDepartment of Finance, Ling Tung University, 1 Ling Tung Road, Nantun, Taichung, 40852 Taiwan, R.O.C.Under industry globalization and the intensely competitive environment, a company's competitiveness must constantly be upgraded in order to achieve the goal of sustainability. Therefore, the correct and valid evaluation of companies’ sustainable performance has become an important issue. The main purpose of this study is to discuss and establish a sustainable performance evaluation criteria and model for companies. First, the measurements of companies’ financial, credit risk, environmental and social responsibility are integrated to create sustainable business performance evaluation criteria. Then, we integrate grey relational analysis and an improved TOPSIS method to construct a sustainable performance evaluation model for companies. In order to verify the findings of this study, we adopt Taiwan's high-tech listed companies as the research object to explore sustainable operating performance and ranking in 2011. The empirical results will help companies to build future business strategies and can also be used as an important reference for investor and bank credit auditing.https://journals.vgtu.lt/index.php/JBEM/article/view/2709credit riskenvironmentalsocial responsibilitysustainable performance evaluationgrey relational analysisTOPSIS method |
| spellingShingle | Li-Chang Hsu Shang-Ling Ou Yih-Chang Ou A Comprehensive performance evaluation and ranking methodology under a sustainable development perspective Journal of Business Economics and Management credit risk environmental social responsibility sustainable performance evaluation grey relational analysis TOPSIS method |
| title | A Comprehensive performance evaluation and ranking methodology under a sustainable development perspective |
| title_full | A Comprehensive performance evaluation and ranking methodology under a sustainable development perspective |
| title_fullStr | A Comprehensive performance evaluation and ranking methodology under a sustainable development perspective |
| title_full_unstemmed | A Comprehensive performance evaluation and ranking methodology under a sustainable development perspective |
| title_short | A Comprehensive performance evaluation and ranking methodology under a sustainable development perspective |
| title_sort | comprehensive performance evaluation and ranking methodology under a sustainable development perspective |
| topic | credit risk environmental social responsibility sustainable performance evaluation grey relational analysis TOPSIS method |
| url | https://journals.vgtu.lt/index.php/JBEM/article/view/2709 |
| work_keys_str_mv | AT lichanghsu acomprehensiveperformanceevaluationandrankingmethodologyunderasustainabledevelopmentperspective AT shanglingou acomprehensiveperformanceevaluationandrankingmethodologyunderasustainabledevelopmentperspective AT yihchangou acomprehensiveperformanceevaluationandrankingmethodologyunderasustainabledevelopmentperspective AT lichanghsu comprehensiveperformanceevaluationandrankingmethodologyunderasustainabledevelopmentperspective AT shanglingou comprehensiveperformanceevaluationandrankingmethodologyunderasustainabledevelopmentperspective AT yihchangou comprehensiveperformanceevaluationandrankingmethodologyunderasustainabledevelopmentperspective |