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Evaluation on the Financial Competitiveness of Chinese Listed Real Estate Companies Based on Entropy Method

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  • Wei Lin
  • Linbo Shao

Abstract

The real estate is a pillar industry of China's national economy. Due to changes in policy and market conditions, the real estate companies are facing greater pressures to survive in a competitive environment. They must improve their financial competitiveness. Based on the conceptual framework of financial competitiveness, this paper presented a financial competitiveness evaluation index system, covering four aspects, including profitability, solvency, sustainable development and operational capacity. Entropy value method is applied to determine the index weight. 105 listed real estate company's financial competitiveness are evaluated, the results show that: high-scoring company has strong profitability, sustainable development and operational capacity; low-scoring company has weak profitability and poor ability of sustainable development; solvency doesn't affect the company's financial competitiveness obviously.

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  • Wei Lin & Linbo Shao, 2013. "Evaluation on the Financial Competitiveness of Chinese Listed Real Estate Companies Based on Entropy Method," Papers 1302.2493, arXiv.org.
    • Handle: RePEc:arx:papers:1302.2493
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    Cited by:

    1. Ritij Saini & Aditya Deora & Kirtesh Gadiya, 2024. "Assessment of the Financial Competitiveness of Publicly Listed Indian Real Estate Companies Using the Entropy Method," Papers 2410.06772, arXiv.org.
    2. Iris Claus & Les Oxley & Jie Chen & Xuehui Han, 2014. "The Evolution Of The Housing Market And Its Socioeconomic Impacts In The Post-Reform People'S Republic Of China: A Survey Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 28(4), pages 652-670, September.
    3. Alfonso Valero, 2024. "Diversification strategies for indirect real estate. Intersection of business, economics, and society in shanghai mixed-use developments," SN Business & Economics, Springer, vol. 4(10), pages 1-26, October.

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