Applying Grey Relational Analysis and Grey Decision-Making to evaluate the relationship between company attributes and its financial performance—A case study of venture capital enterprises in Taiwan

摘要

For the study on the financial performance, there are many limitations in using traditional statistic methods. The grey system theory proposed by the study is to supplement the limitations of using traditional statistic methods and it's more suitable to evaluate the financial performance of business. This study used six financial indicators to classify twenty items of financial ratios as research variables through the Globalization Grey Relational Analysis (GRA), to find the significant financial ratio variables and other financial indicators affecting the financial performance of venture capital enterprises in Taiwan, and it applied Grey Decision-Making (GDM) to arrange the total performances of the sample venture capital enterprises in order. Finally, this study uses GM(0, N) model to analyze the six variables of firm attributes and the differences between using different firms' attribute variables and financial performance of venture capital enterprises as the result.