Abstract
Under industry globalization and the intensely competitive environment, a company's competitiveness must constantly be upgraded in order to achieve the goal of sustainability. Therefore, the correct and valid evaluation of companies’ sustainable performance has become an important issue. The main purpose of this study is to discuss and establish a sustainable performance evaluation criteria and model for companies. First, the measurements of companies’ financial, credit risk, environmental and social responsibility are integrated to create sustainable business performance evaluation criteria. Then, we integrate grey relational analysis and an improved TOPSIS method to construct a sustainable performance evaluation model for companies. In order to verify the findings of this study, we adopt Taiwan's high-tech listed companies as the research object to explore sustainable operating performance and ranking in 2011. The empirical results will help companies to build future business strategies and can also be used as an important reference for investor and bank credit auditing.
Highlights
In recent years, high-tech companies face the challenges of global competition and a rapidly changing operating environment
In order to overcome the shortcomings of the traditional TOPSIS method, this study proposes a modified TOPSIS method for the sustainable performance evaluation of companies
The results show that the indicators CSR disclosure (CSRD) (0.07482), M1 (0.07476) and S9 (0.0701) are the three most important variables affecting the sustainability performance of a company
Summary
High-tech companies face the challenges of global competition and a rapidly changing operating environment. To pursue the goal of sustainable development, they need to establish an objective, impartial and convenient performance evaluation model. More reliable performance evaluation results will help company management to understand their own operating conditions and whether or not resources are being used effectively, and help to develop future resource allocation and targets. Company’s operating results are reflected in financial statements, which provide information for measuring operating performance. Journal of Business Economics and Management, 2015, 16(1): 74–92 vide a good indication of a company’s financial status, they offer one-sided assessment. Investors and authorities cannot get the overall assessment results. Financial ratios cannot provide a complete explanation of a company’s operating performance
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
