Affiliation:
1. Vilnius Gediminas Technical University
2. Vilnius University
Abstract
The paper analyses the financial state and performance of large constructions enterprises by applying financial indicators. As there is no one single decisive financial indicator enabling to objectively assess enterprise performance, the multi-criteria decision making (MCDM) methods are applied with four groups of financial ratios (profitability, liquidity, solvency and asset turnover) acting as evaluation criteria, while the alternatives assessed are two enterprises compared throughout the reference period of three years, also with the average indicator values of the whole construction sector. The weights of the criteria have been estimated by involving competent experts with chi-square test employed to check the degree of agreement of expert estimates. The research methodology contributes to the issue of complex evaluation of enterprise financial state and performance, while the result of the multi-criteria assessment – the ranking of enterprises and sector average with respect to financial state and performance – could be considered worth attention from business owners, potential investors, customers or other possible stakeholders.
Publisher
Vilnius Gediminas Technical University
Subject
Organizational Behavior and Human Resource Management,Economics, Econometrics and Finance (miscellaneous),Education,Business and International Management
Reference52 articles.
1. Impact of Financial crisis on textile industry in Pakistan;Abbas, F;Information Management and Business Review,2012
2. Predicting Loss for Large Construction Companies
3. The impact of financial crisis on UAE real estate and construction sector: analysis and implications
4. Comprehensive performance evaluation using FAHP-FVIKOR approach based on balanced scorecard (BSC): a case of Yazd’s ceramic and tile industry;Ardekani, S. S.;Iranian Journal of Management Studies,2013
Cited by
6 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献