TY - GEN
T1 - Strategic value evaluation of China steel companies based on factor analysis and entropy weight
AU - Deng, Wan Jun
AU - Wei, Fa Jie
PY - 2009
Y1 - 2009
N2 - In knowledge economy, strategy decides competitive advantages of steel companies and intellectual capital has become an important factor of strategy and development. Based on strategic theory and intellectual capital theory, evaluating indices of steel company's strategic value are selected. Then, factor analysis is used in steel companies' data to abstract strategic factors and to obtain factor scores. Entropy weight method is applied to calculate factor weights. Finally, strategic values of steel companies are synthetically evaluated by factor scores and weights. Compared evaluating results and stock prices, the evaluation is effective. In conclusion, the evaluation selects systematically evaluating indices and their raw data are easy to be obtained. The evaluation avoids subjective scoring and weighing and its results are effective, so it has favorable practical value.
AB - In knowledge economy, strategy decides competitive advantages of steel companies and intellectual capital has become an important factor of strategy and development. Based on strategic theory and intellectual capital theory, evaluating indices of steel company's strategic value are selected. Then, factor analysis is used in steel companies' data to abstract strategic factors and to obtain factor scores. Entropy weight method is applied to calculate factor weights. Finally, strategic values of steel companies are synthetically evaluated by factor scores and weights. Compared evaluating results and stock prices, the evaluation is effective. In conclusion, the evaluation selects systematically evaluating indices and their raw data are easy to be obtained. The evaluation avoids subjective scoring and weighing and its results are effective, so it has favorable practical value.
KW - Entropy weight method
KW - Factor analysis
KW - Intellectual capital
KW - Strategic value
UR - https://www.scopus.com/pages/publications/72249100583
U2 - 10.1109/ICMSE.2009.5317394
DO - 10.1109/ICMSE.2009.5317394
M3 - 会议稿件
AN - SCOPUS:72249100583
SN - 9781424439706
T3 - 2009 International Conference on Management Science and Engineering - 16th Annual Conference Proceedings, ICMSE 2009
SP - 502
EP - 506
BT - 2009 International Conference on Management Science and Engineering - 16th Annual Conference Proceedings, ICMSE 2009
T2 - 2009 16th International Conference on Management Science and Engineering, ICMSE 2009
Y2 - 14 September 2009 through 16 September 2009
ER -