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The Application of Mathematical Programming Techniques to Financial Statement Analysis: Australian Gold Production and Exploration

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  • Andrew C. Worthington

    (School of Economics and Finance, Queensland University of Technology, GPO Box 2434, Brisbane QLD 4001, E†mail: a.worthington@qut.edu.au)

Abstract

A sample of thirty listed Australian gold producers is used to compare the financial perfor Mance measures provided by accounting†based financial ratios, and production perfor Mance as measured by efficiency indices. The results indicate that simple ratios are unlikely to provide efficiency rankings similar to those obtained from multiple†input, multiple†output methodologies. However, whilst the two methods can disagree substantially on the relative perfor Mance of individual decision†making units, when used jointly the results can offer valuable insights into the concept of firm perfor Mance.

Suggested Citation

  • Andrew C. Worthington, 1998. "The Application of Mathematical Programming Techniques to Financial Statement Analysis: Australian Gold Production and Exploration," Australian Journal of Management, Australian School of Business, vol. 23(1), pages 97-113, June.
    • Handle: RePEc:sae:ausman:v:23:y:1998:i:1:p:97-113
    DOI: 10.1177/031289629802300106
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    References listed on IDEAS

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    Cited by:

    1. Gonzalo Rodríguez‐Pérez & John Slof & Magda Solà & Margarita Torrent & Immaculada Vilardell, 2011. "Assessing the Impact of Fair‐Value Accounting on Financial Statement Analysis: A Data Envelopment Analysis Approach," Abacus, Accounting Foundation, University of Sydney, vol. 47(1), pages 61-84, March.
    2. Prabhjot Kaur, 2016. "Efficiency of Microfinance Institutions in India: Are They Reaching the Poorest of the Poor?," Vision, , vol. 20(1), pages 54-65, March.
    3. Deepankar Sinha & Shuvo Roy Chowdhury, 2017. "Optimizing Private and Public Mode of Operation in Major Ports of India for Better Customer Service," Working Papers 1732, Indian Institute of Foreign Trade.
    4. M I Gonzalez-Bravo, 2007. "Prior-Ratio-Analysis procedure to improve data envelopment analysis for performance measurement," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 58(9), pages 1214-1222, September.
    5. Deepankar Sinha & Shuvo Roy Chowdhury, 2017. "Optimizing Private and Public Mode of Operation in Major Ports of India for Better Customer Service," Working Papers LD-17-32, Indian Institute of Foreign Trade.
    6. David R Gallagher & Peter A Gardner & Camille H Schmidt & Terry S Walter, 2014. "Quality investing in an Australian context," Australian Journal of Management, Australian School of Business, vol. 39(4), pages 615-643, November.
    7. Mrinal Kumar Dasgupta & Deepankar Sinha, 2016. "Impact of Privatization of Ports on Relative Efficiency of Major Ports of India," Foreign Trade Review, , vol. 51(3), pages 225-247, August.

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