The Application of Mathematical Programming Techniques to Financial Statement Analysis: Australian Gold Production and Exploration

Andrew Worthington

Australian Journal of Management, 1998, vol. 23, issue 1, 97-113

Abstract: A sample of thirty listed Australian gold producers is used to compare the financial perfor Mance measures provided by accounting†based financial ratios, and production perfor Mance as measured by efficiency indices. The results indicate that simple ratios are unlikely to provide efficiency rankings similar to those obtained from multiple†input, multiple†output methodologies. However, whilst the two methods can disagree substantially on the relative perfor Mance of individual decision†making units, when used jointly the results can offer valuable insights into the concept of firm perfor Mance.

Keywords: DATA ENVELOPMENT ANALYSIS; FINANCIAL RATIOS; TECHNICAL EFFICIENCY; SCALE EFFICIENCY (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:23:y:1998:i:1:p:97-113

DOI: 10.1177/031289629802300106

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