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A Comprehensive performance evaluation and ranking methodology under a sustainable development perspective

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  • Li-Chang Hsu
  • Shang-Ling Ou
  • Yih-Chang Ou

Abstract

Under industry globalization and the intensely competitive environment, a company's competitiveness must constantly be upgraded in order to achieve the goal of sustainability. Therefore, the correct and valid evaluation of companies' sustainable performance has become an important issue. The main purpose of this study is to discuss and establish a sustainable performance evaluation criteria and model for companies. First, the measurements of companies' financial, credit risk, environmental and social responsibility are integrated to create sustainable business performance evaluation criteria. Then, we integrate grey relational analysis and an improved TOPSIS method to construct a sustainable performance evaluation model for companies. In order to verify the findings of this study, we adopt Taiwan's high-tech listed companies as the research object to explore sustainable operating performance and ranking in 2011. The empirical results will help companies to build future business strategies and can also be used as an important reference for investor and bank credit auditing.

Suggested Citation

  • Li-Chang Hsu & Shang-Ling Ou & Yih-Chang Ou, 2015. "A Comprehensive performance evaluation and ranking methodology under a sustainable development perspective," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 16(1), pages 74-92, February.
    • Handle: RePEc:taf:jbemgt:v:16:y:2015:i:1:p:74-92
    DOI: 10.3846/16111699.2013.848228
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    References listed on IDEAS

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    1. Sunee Ratanajongkol & Howard Davey & Mary Low, 2006. "Corporate social reporting in Thailand: The news is all good and increasing," Qualitative Research in Accounting & Management, Emerald Group Publishing, vol. 3(1), pages 67-83, April.
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    1. Chia-Chen Yang & Shang-Ling Ou & Li-Chang Hsu, 2019. "A Hybrid Multi-Criteria Decision-Making Model for Evaluating Companies’ Green Credit Rating," Sustainability, MDPI, vol. 11(6), pages 1-23, March.
    2. Vrishali Subramanian & Elena Semenzin & Danail Hristozov & Esther Zondervan-van den Beuken & Igor Linkov & Antonio Marcomini, 2015. "Review of decision analytic tools for sustainable nanotechnology," Environment Systems and Decisions, Springer, vol. 35(1), pages 29-41, March.
    3. KİRACI Kasim & BAKIR Mahmut, 2020. "Evaluation Of Airlines Performance Using An Integrated Critic And Codas Methodology: The Case Of Star Alliance Member Airlines," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 15(1), pages 83-99, April.
    4. Guler Aras & Nuray Tezcan & Ozlem Kutlu Furtuna, 2018. "The value relevance of banking sector multidimensional corporate sustainability performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(6), pages 1062-1073, November.
    5. Stacy H. Lee & Yang Zhou, 2022. "The Outlook for Sustainable Development Goals in Business and Management: A Systematic Literature Review and Keyword Cluster Analysis," Sustainability, MDPI, vol. 14(19), pages 1-19, September.
    6. Oguzhan Ece & Ahmet Serhat Uludag, 2017. "Applicability of Fuzzy TOPSIS Method in Optimal Portfolio Selection and an Application in BIST," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 9(10), pages 107-127, October.

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