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A Modification of Efficacy Coefficient Model for Enterprise Performance Evaluation

Author

Listed:
  • Xiaosong Zheng

    (Shanghai University, China)

  • Jaan Alver

    (Tallinn University of Technology, Estonia)

Abstract

Enterprise performance evaluation is a key research area in accounting and finance. Although there are a few methods available many of these are not suitable for China due to its unique political, economic and cultural situations. It is not appropriate for China to directly copy the foreign performance evaluation methods. Therefore, it is urgent for the country to develop a model which is suitable for its current situation and can efficiently evaluate enterprise performance especially for those State-Owned Enterprises. The paper first studies the main enterprise performance evaluation methods and their pros and cons. Then it focuses on the introduction of a comprehensive performance evaluation model which is based on the efficiency coefficient method. After that, a case study of China’s Sinopec is carried out to validate the model. Research findings are discussed and summarized at the end of the paper, together with an outline of future research directions.

Suggested Citation

  • Xiaosong Zheng & Jaan Alver, 2015. "A Modification of Efficacy Coefficient Model for Enterprise Performance Evaluation," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(3), pages 177-187.
    • Handle: RePEc:ods:journl:v:4:y:2015:i:3:p:177-187
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    References listed on IDEAS

    as
    1. Xiaosong Zheng & Jaan Alver, 2015. "An Exploratory Study of Governmental Management Accounting in China," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(2), pages 102-110.
    2. Anatoliy G. Goncharuk, 2014. "Measuring Enterprise Performance to Achieve Managerial Goals," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 3(1), pages 8-14.
    3. Ibrahim A. M. Alsharf, 2015. "Performance Management in Healthcare," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 4(1), pages 45-52.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Chen, R. & Hu, Y. & Wu, Y. & Zheng, X., 2019. "Performance Evaluation of Chinese Private Enterprises: A Comparative Study of Suning and Gome," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 8(2), pages 57-70, May.
    2. Bunea, Ovidiu-Iulian & Corbos, Razvan-Andrei & Popescu, Ruxandra-Irina, 2019. "Influence of some financial indicators on return on equity ratio in the Romanian energy sector - A competitive approach using a DuPont-based analysis," Energy, Elsevier, vol. 189(C).
    3. G.V. Satya Sekhar, 2016. "Ten Myths of Performance Evaluation of Mutual Funds: a Snapshot View," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 5(1), pages 59-65, February.
    4. Anatoliy G. Goncharuk, 2016. "Evaluating the Efficiency of Higher Education," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 5(2), pages 82-91, May.
    5. Sourour Ramzi & Mohamed Ayadi, 2016. "Assessment of Universities Efficiency Using Data Envelopment Analysis: Weights Restrictions and Super-Efficiency Measure," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 5(1), pages 40-58, February.
    6. Anatoliy G. Goncharuk, 2016. "The Challenges of Efficiency and Security of International Food Value Chains," Journal of Applied Management and Investments, Department of Business Administration and Corporate Security, International Humanitarian University, vol. 5(4), pages 241-249, November.

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