Performance evaluation of Australia's major banks
Abstract
The aim of this paper is to use a new approach of performance evaluation, grey relation analysis (GRA), which is a concept borrowed from the study of industry and is increasingly applied to commerce. GRA is used to evaluate the relative performance of three of Australia's major banks The result of the study indicates that although the sample size is small and the distribution of data is unknown, GRA can still be successfully used in evaluating bank performance. In addition, this paper compares the GRA results with the financial statement analysis and shows that the same result can be obtained.
Keywords
Citation
Ho, C.(B). (2004), "Performance evaluation of Australia's major banks", Asian Review of Accounting, Vol. 12 No. 1, pp. 19-33. https://doi.org/10.1108/eb060771
Publisher
:Emerald Group Publishing Limited
Copyright © 2004, Emerald Group Publishing Limited