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Comprehensive Financial Evaluation System Of Listed Companies Based On Data-driven

Posted on:2011-11-24Degree:MasterType:Thesis
Country:ChinaCandidate:J X LiFull Text:PDF
GTID:2189360332958204Subject:Applied Mathematics
Abstract/Summary:PDF Full Text Request
Multiple Index Integrate Evaluation Method is a new topic in statistical subject in recent years. The original evaluation method has shown some limitations in social production scale, speed and structure, with the expansion of the statistical content. It is necessary to explore a new method of evaluation statistical indicators to judge comprehensive assessment of social financial performance, social development level and the construction of macro-economic early warning systems. This paper is mainly researched at the performance of listed companies and giving a new method to this problem.This subject comes from freely research subject. Firstly, a comprehensive evaluation system of listed companies has been built in four aspects, profitability, solvency, operational capacity and the development. The company scores have been calculated with Analysis Hierarchy Process method, which is a method in application and operation field. Secondly, the weighting of financial indicators has been computed by using the "entropy" concept, which method can avoid the limitations of subjective empowerment. On this basis, 670 listed companies were analyzed, then, we can get their rankings and scores. The thesis main contents is as follow:(1)Financial indicators should be filtered for listed companies to build a comprehensive evaluation of financial model and pre-process data, calculated the value of 14 target values by the formula of financial indicators. Then, standardize the data in order to avoid the impact of industry factor, change the appropriate and athwart index into positive index. Last, get the index score by application the principle of Analysis Hierarchy Process method.(2)In order to avoid the limitations of subjective evaluation, calculate impersonality weight by introducing of entropy. Use entropy to measure the financial indicators different in the enterprises. Thus, get the indicators difference coefficient, entropy and weight.(3)Establish a comprehensive evaluation method. Then analyze management achieve results of 670 listed companies in Shenzhen City between 2006 and 2007 (bank industry has not been included because it's a special industry). Last, rankings and list the 10 best companies in business performance.On one hand, a new idea was provided for the comprehensive evaluation of economic field. It not only overcomes the shortcoming of Analysis Hierarchy Process method and entropy, but also ignores the differences of profession. This can make the evaluation process more reasonable. On the other hand, by analysis a great deal of listed companies'financial data, a more precise and a more reliable advice to investor has been provided.
Keywords/Search Tags:Analysis Hierarchy Process, entropy, comprehensive performance system, listed companies
PDF Full Text Request
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