A Novel Approach to Evaluate Financial Performance of the Listed Airline Companies in Taiwan
نویسنده
چکیده
The main purpose of this study is to evaluate the financial Performance of four listed Taiwanese airline companies by combining grey theory and principal component analysis. The absolute degree of grey incidence (ADGI) matrix was introduced to replace the correlation matrix of the traditional PCA, and build an evaluation model of grey principle component analysis (GPCA). Based on this model, this study traced changes in the financial performance of four mainly listed airline corporations in Taiwan during seven periods. The results show a good evaluation effect and successful identification of a company in a financial crisis.
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