An aggregate measure of financial ratios using a multiplicative DEA model
This paper examines the problems in the definition of the General Non-Parametric Corporate Performance (GNCP) and introduces a multiplicative linear programming as an alternative model for corporate performance. We verified and tested a statistically significant difference between the two models based on the application of 27 UK industries using six performance ratios. Our new model is found to be a more robust performance model than the previous standard Data Envelopment Analysis (DEA) model.
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Volume (Year): 4 (2010)
Issue (Month): 2 ()
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- Cecilio Mar-Molinero & Carlos Serrano-Cinca, 2001. "Bank failure: a multidimensional scaling approach," The European Journal of Finance, Taylor & Francis Journals, vol. 7(2), pages 165-183.
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- Halkos, George & Salamouris, Dimitrios, 2001. "Efficiency Measures of the Greek Banking Sector: A Non-Parametric Approach for the Period 1997-1999," MPRA Paper 2858, University Library of Munich, Germany.
- S. Blancard & J.Ph. Boussemart & M. Debruyne, 2006. "Assessing managerial performance using non-parametric distance functions compared to technical and accounting ratio analysis: an application to French farms in Nord-Pas-de-Calais specialized in field ," Post-Print hal-00256882, HAL.
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