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Student Number 92441015
Author Po-Wen Kuo(³¢³Õ¤å)
Author's Email Address No Public.
Statistics This thesis had been viewed 711 times. Download 5 times.
Department Business Administration
Year 2011
Semester 1
Degree Ph.D.
Type of Document Doctoral Dissertation
Language English
Title Utilization of an Integrated Two-Stage DEA Model for Measuring Relative Performance from Financial Statements and Resource Transformations in Business Processes
Date of Defense 2011-11-20
Page Count 98
Keyword
  • Business performance
  • Business process
  • Financial statement
  • Financing performance
  • Integrated two-stage data envelopment analysis
  • Profitability
  • Resource transformation
  • Solvency
  • Stratification DEA
  • Abstract The performance measurement of enterprises has long been an important issue within the management field because it is a critical decision-making indicator for practitioners and an opportunity to improve the performance of organizations. Traditionally, financial statement or financial ratio analysis is a commonly-used analytical tool for measuring the performance of a firm. It has historically been the standard technique to examine organization performance. Besides the financial statement or financial ratio analysis, another commonly-used method of performance measurement is Data Envelopment Analysis (DEA). DEA, which does not require any prior assumptions regarding the frontier production function, is a kind of non-parametric method. It allows for the simultaneous use of multiple input and output variables and directly derives the weights of each input and output variable from a linear programming model. Hence, it has been widely used in recent years to measure the performance of both public and private sectors.
    In general, all business firms engage in the following kinds of activities: financing, investing and operating. The goal of a firm¡¦s operation is to create maximum income with limited resources by using multiple inputs to transform into multiple outputs. From the resource transformation perspective and financial statements of a firm, in the first stage, a firm uses the capital obtained from financing activities to purchase current and non-current assets to enable it to make products or provide services. In the second stage, a firm uses the resources to produce and sell products, as well as to incur expenditures, and eventually to make a profit. A firm¡¦s net profits are based on the returns on these activities.
    This dissertation consists of three primary parts. First, it constructs a general-purpose performance measurement framework related to business processes and economic activities from the perspective of financial statements and resource transformations. Second, it models the above framework and develops a methodology of an integrated two-stage concept that could simultaneously evaluate the management performances (financing efficiency and business efficiency) of business firms and incorporate the key elements of financial statements and firm¡¦s market value into the measurement model. Third, it proposes a TSSDEA model which combines the two-stage and the stratification DEA models to evaluate the solvency and the profitability of firms and classify the firms by their best-practice frontiers of the set of decision-making units (DMUs). This dissertation aims to provide a way forward for firms in their efforts to improve efficiency and to assist managers in distinguishing the sources of inefficiency and evaluating the financing (or solvency) and business (or profitability) performance more precisely, and thus, create the maximum value for the firms.
    Table of Content ABSTRACTI
    LIST OF FIGURESV
    LIST OF TABLESVI
    NOMENCLATUREVII
    CHAPTER 1 INTRODUCTION1
    1.1Research Background and Motivation1
    1.2 Research Objectives4
    1.3 Organization of the Dissertation6
    CHAPTER 2 LITERATURE REVIEW7
    2.1 Ratio Analysis7
    2.2 Data Envelopment Analysis10
    2.3 Development of the Two-Stage DEA Model12
    2.4 Classification of a Set of DMUs16
    CHAPTER 3 RESEARCH DESIGN20
    3.1 Business Processes and Financial-Statement Model20
    3.2 Research Methodology27
    3.2.1 Integrated Two-Stage Network DEA Model27
    3.2.2 Stratification DEA Method28
    CHAPTER 4 MEASURING THE FINANCING AND BUSINESS PERFORMANCE OF ICT INDUSTRY30
    4.1 Research Background30
    4.2 Data and Measurement of Variables32
    4.3 The Empirical Model35
    4.3.1 Integrated Two-Stage DEA Model (Model I)35
    4.3.2 Integrated Value-Based Two-Stage DEA Model (Model II)36
    4.3.3 Setting the Market Values as the Weights for Model II38
    4.4 Results42
    4.5 Comparison with Conventional DEA (Standard DEA)45
    4.6 Relationship between Efficiency Performance and Accounting Measures47
    4.7 Managerial Decision-Making Matrix53
    CHAPTER 5 CLASSIFYING AND EVALUATING THE SOLVENCY AND PROFITABILITY OF ICT FIRMS58
    5.1 Research Background58
    5.2 Data and Measurement of Variables58
    5.3 The TSSDEA Model and the Algorithm59
    5.4 Results and Discussion62
    5.4.1 Results62
    5.4.2 Relationship between Efficiency Performance and Financial Ratios66
    CHAPTER 6 CONCLUSIONS72
    6.1 Concluding Remarks72
    6.2 Recommendations for Future Research75
    REFERENCES76
    APPENDIX86
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    Advisor
  • Dong-Shang Chang(±iªF¥Í)
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    Date of Submission 2011-12-26

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