Decision Sciences
8 years ago

New sustainable performance evaluation model revolutionizes business strategies and investor decisions.

Journal of Business Economics and Management
A COMPREHENSIVE PERFORMANCE EVALUATION AND RANKING METHODOLOGY UNDER A SUSTAINABLE DEVELOPMENT PERSPECTIVE
Li‐Chang Hsu, Shang‐Ling Ou, Yih-Chang Ou

Paper Summary

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The article discusses how companies can improve their sustainability by evaluating their performance using a new method. The researchers combined financial, credit risk, environmental, and social responsibility factors to create a model for evaluating sustainable business performance. They used grey relational analysis and an improved TOPSIS method to rank high-tech companies in Taiwan based on their sustainability in 2011. The results can help companies plan better strategies and provide valuable information for investors and banks.