Compromise procramming in financial analysis for strategic management

A method is proposed to evaluate the balance accounts of several firms, respectively to a benchmark set of firms of the same business sector and stock market. From normalized end of year balance-sheets a set of balance items is chosen as representative for the intended Financial Analysis, and they a...

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Bibliographic Details
Main Authors: Anton, J.M., Grau, J.B., Sanchez, E.
Format: Conference Proceeding
Language:English
Subjects:
Arm
Balance Account
Bibliographies
Business
Comparative Evaluation
Compromise Programming
Cost accounting
Decision making
Finance
Financial Analysis
Financial management
Performance analysis
Spanish Banks
Stock markets
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Summary:A method is proposed to evaluate the balance accounts of several firms, respectively to a benchmark set of firms of the same business sector and stock market. From normalized end of year balance-sheets a set of balance items is chosen as representative for the intended Financial Analysis, and they are considered as Compromise Programming (C.P.) attribute variables. From the benchmark firms an ideal point is obtained as reference and with it C.P. valuations are obtained for the firms to be evaluated. A case study follows with data of main Spanish banks, and a discussion concerning the method and possible future developments.