ISSN Print: 2381-1196  ISSN Online: 2381-120X
International Journal of Investment Management and Financial Innovations  
Manuscript Information
 
 
Evaluation of the Company’s Comprehensive Financial Capacity Based on the Gray Relational Model: Take Electricity, Heat and Supply Industry as an Example
International Journal of Investment Management and Financial Innovations
Vol.3 , No. 6, Publication Date: Dec. 6, 2017, Page: 51-57
861 Views Since December 6, 2017, 420 Downloads Since Dec. 6, 2017
 
 
Authors
 
[1]    

Zhibin Liu, Department of Economics and Management, North China Electric Power University, Baoding, China.

[2]    

Xiaoning Li, Department of Economics and Management, North China Electric Power University, Baoding, China.

 
Abstract
 

The strength of the comprehensive financial capacity of enterprises has been more and more taken seriously in the community, and the investors’ attention on the financial capacity of enterprises has gradually exceeded the financial performance. This paper chose 20 typical enterprises from electricity, heat and supply industry as the evaluation object, and selected 8 financial indicators to construct the evaluation index system of the company’s comprehensive financial capacity, and combined with a standard of the industry index, the gray relational model was employed to evaluate the 20 enterprises. The evaluation results showed that the correlation of Neimenghuadian, Huitianredian, Huadiannengyuan and Huadian Bgu was of the higher degree, and their ranking were also more forward; while the correlation of Jidiangufen, Xinnengtaishan, Gansudiantou and Qianyuandianli was of lower degree, and ranked at the end, indicating that the higher relevance of the object to be evaluated with the evaluation criteria, the stronger the company’s comprehensive financial capacity.


Keywords
 

Gray Relational Model, Comprehensive Financial Capacity, Evaluation


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