Title :
Evaluation of the business operation performance of the listing companies by applying TOPSIS method
Author :
Wang, Tien-Chin ; Hsu, Jo-Chien
Author_Institution :
Inst. of Inf. Manage., I-Shou Univ., Kaohsiung, Taiwan
Abstract :
This research is targeted at the ten listing companies in the Taiwan stock market as the main investigation counter parties, which their business style are producing the notebook computers, by using the inventory turnover, net income ratio, earnings per share and current ratio these four financial ratios as the evaluation standards, hereafter apply entropy method to work out the objective weights for each evaluation standard, and finally by using the TOPSIS method to compute the relative performance index of each project and sort the results. We can offer the sorting results for the investors as effective information, to serve as reference for selection of the target stock shares, investment financial programs and help doing the investment strategic analysis.
Keywords :
investment; performance index; stock markets; TOPSIS method; Taiwan stock market; business operation performance evaluation; earnings per share; entropy method; evaluation standards; financial ratios; inventory turnover; investment financial programs; investment strategic analysis; listing companies; net income ratio; performance index; Companies; Counting circuits; Entropy; Information analysis; Information management; Investments; Mathematics; Performance analysis; Sorting; Stock markets;
Conference_Titel :
Systems, Man and Cybernetics, 2004 IEEE International Conference on
Print_ISBN :
0-7803-8566-7
DOI :
10.1109/ICSMC.2004.1399802