Evaluation of Financial Performance on Oil Industry Central Enterprises Based on Principal Component Factor Analysis

Yan-fang Gao (), Ai-ping Gao and Ning Shi
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Yan-fang Gao: Inner Mongolia University of Finance and Economics
Ai-ping Gao: Inner Mongolia University of Finance and Economics
Ning Shi: Inner Mongolia University of Finance and Economics

A chapter in Proceedings of 2013 4th International Asia Conference on Industrial Engineering and Management Innovation (IEMI2013), 2014, pp 401-408 from Springer

Abstract: Abstract The three major oil central enterprises of China are elected in FORTUNE 500. Their rankings are respectively 5th, 6th and 101st in 2012. However, ranking in FORTUNE 500 is based on only one indicator, which is operating income. Although the three companies have their Annual Financial Reports, we can’t compare their financial performance. Therefore, we constructed a set of financial performance evaluation index system, and evaluate their financial performance with the method of principal component factor analysis.

Keywords: Evaluation; Financial performance; Oil central enterprises; Principal component (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/978-3-642-40060-5_39

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