An integrated fuzzy DEMATEL-TOPSIS approach for financial performance evaluation of GREENEX industries

Visalakshmi, S.; Lakshmi, P.; Shama, M. S.; Kamala, V.

doi:10.1504/ijor.2015.069626

Cited by 15 publications

(11 citation statements)

References 22 publications

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“…Effectiveness means that the financial indicators should be avoided to ensure the quality of the selected financial indicators and prevent redundancy and inefficiency. (3) e principle of unity and comparability: unity means that the selected financial indicators should have a unified dimension in order to improve the quality of principal component analysis and ensure the accuracy of performance evaluation of listed companies [13]. e financial indicators selected in this paper can comprehensively reflect the comprehensive ability of listed companies, so as to make the established performance evaluation system more valuable.…”

Section: Establishment Of Enterprise Financial Performancementioning

confidence: 99%

Research on Accounting Intelligence System Modeling of Financial Performance Evaluation

Chen

2021

Security and Communication Networks

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In the current competitive market environment, both enterprises and academia attach great importance to the research of financial performance evaluation. The quality of financial performance directly affects the sustainable development of enterprises. With the deepening of enterprise management concept, enterprises pay more attention to the use of financial performance evaluation analysis to promote the sound development of the whole enterprise. In order to understand the development status and development trend of enterprises and improve the efficiency of enterprise management, it is of great significance to establish a scientific and professional financial performance evaluation model for the sustainable development of enterprises. In this paper, based on FCM clustering algorithm, a fuzzy decision model is established. Combined with the factors affecting the financial performance of enterprises, the corresponding indicators are selected from the four aspects of profitability, operation ability, debt paying ability, and development ability to construct the financial performance evaluation system, and the comprehensive fuzzy evaluation model is constructed according to the financial evaluation system. This paper selects listed companies as the research object to evaluate and analyze the performance of enterprises. The results show that the overall performance of listed companies is not ideal and solvency, operation ability, and development ability need to be enhanced. Finally, in view of the problems existing in the listed enterprises, this paper puts forward the following countermeasures: implement cost assessment and pay attention to cost analysis to strengthen cost control; strengthen the cooperation between industrial chain enterprises and R&D departments; and pay attention to the use of talents and improve the ability of independent innovation.

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Section: Establishment Of Enterprise Financial Performancementioning

confidence: 99%

Research on Accounting Intelligence System Modeling of Financial Performance Evaluation

Chen

2021

Security and Communication Networks

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“…Fuzzy DEMATEL approach has been used for identifying the critical success factors in supply chain (Patil and Kant, 2013). Also, DEMATEL approach has been used to study the financial performance of industries in Greek (Visalakshmi et al , 2015). The research on fuzzy logic and the use of fuzzy approach shows that using these approaches has been recently increased in management disciplines, but unfortunately, this approach has been used very little in research related to accounting and auditing.…”

Section: Methodsmentioning

confidence: 99%

An analysis of causal relationships of ethical values in auditing from Islam’s perspective

Tooranloo

Azizi

2018

International Journal of Ethics and Systems

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Purpose The validity and legitimacy of auditing profession depends on trust as one of the most important assets of auditing profession that trust itself is directly derived from capacity of this profession in responding to responsibilities. The present research has tried to identify 15 ethical values in auditing and analyzing causal relationships of ethical values in auditing from Islam’s perspective using fuzzy decision-making trial and evaluation laboratory (DEMATEL) approach. The purpose of this paper is analyzing causal relationships of ethical values in auditing from Islam’s perspective because ethical values improve auditing and keep the auditor’s independence. Design/methodology/approach Reviewing the literature and conducting a survey among 14 certified auditing experts, 15 ethical values in auditing were identified according to Islamic law using fuzzy DEMATEL techniques. Adopting this approach, the study was then to determine causal relationships and to identify influential values. Findings Based on the findings, the metrics “independence” with (D−R) = +1.045 was identified to be the cornerstone of the auditing profession. Independence is an essential component for users’ trust in the financial statements. If it is ignored, many other values will further make no sense. Truth-seeking as a value with (D + R) = +3.289 has the greatest interaction with other values, and this reveals that truth-seeking is one of the most significant auditing missions. Additionally, the value “trust” with (D−R) = −1.605 is mostly affected by other variables, suggesting that other values strongly influence this value, and it will be distorted if other values are ignored. Research limitations/implications Auditing ethics is one of the most important and striking factors that maintains the credibility and dignity of the auditing profession. Today, the society’s expectations from auditing and accounting professions have increased. Increasing these expectations requires official accountants to provide their professional services in the form of ethical auditing. As this model has been designed using the ideas of the Muslim professional experts, the results may be different from those of non-Muslim professional experts. Originality/value Considering that identified values are of great importance in Islam religion, it seems that using Islamic culture and pragmatic tone by professionals, scholars and legislative bodies is necessary to create changes required in the current business culture and as the result to create fundamental changes in professional behaviors of auditing area. This study is the first to provide evidence on the improvement of auditing based on a review of auditing studies in Islam.

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“…Visalakshmi et al (2015) proposed a framework for evaluating the financial performance of various companies in the GREENEX sector using 16 financial ratios. They used fuzzy DEMATEL to assign weights to criteria and sub-criteria and ranked the companies using the TOPSIS method.…”

Section: Relevant Literaturementioning

confidence: 99%

“…We consider a total of six financial ratios (Figure 3) for assessing financial performance by grouping them under three main financial criteria: (1) profitability ratios (Willy, 2017), (2) liquidity ratios (Borhan et al , 2014) and (3) debt coverage ratios (Visalakshmi et al , 2015). The six financial ratios (sub-criteria) considered are briefly explained here.…”

Section: Proposed Approachmentioning

confidence: 99%

Analysis of operational and financial performance of ports: an integrated fuzzy DEMATEL-TOPSIS approach

Gayathri

Kamala

Gajanand

et al. 2021

BIJ

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PurposePorts handle a significant portion of international cargo, so the performance of ports plays a major role in the economic development of a country. This paper aims to study how port performance depends on various interdependent factors and how it requires a holistic approach, which accounts for all the necessary criteria that contribute to the overall efficiency and performance.Design/methodology/approachAn integrated fuzzy DEMATEL-TOPSIS approach with an objective to evaluate the operational capability and financial performance of the ports is proposed. A case study is presented with an analysis of the major South Indian ports to assess port operational performance and evaluate various financial ratios to assess financial performance.FindingsThrough a review of the literature and based on the inputs from experts, six criteria affecting the operational performance and six financial criteria were identified. The debt coverage ratios turned out to be the most important, while the liquidity ratios were the least important. The six operational criteria have almost similar importance. The final results indicate a consistent overall performance by the Ennore Port, except during one financial year.Practical implicationsThe proposed solution approach helps to identify and concentrate on the criteria that affect port performance. It will also help to evaluate and understand the dynamics involved in the performance of ports.Originality/valueThis work highlights the key measurable operational and financial criteria that affect the efficiency of ports. The integrated fuzzy DEMATEL-TOPSIS approach provides a better way to evaluate and benchmark port performance.

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An integrated fuzzy DEMATEL-TOPSIS approach for financial performance evaluation of GREENEX industries

Cited by 15 publications

References 22 publications

Research on Accounting Intelligence System Modeling of Financial Performance Evaluation

Research on Accounting Intelligence System Modeling of Financial Performance Evaluation

An analysis of causal relationships of ethical values in auditing from Islam’s perspective

Analysis of operational and financial performance of ports: an integrated fuzzy DEMATEL-TOPSIS approach

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