Abstract The international trade of Korea and Taiwan has been heavily dependent upon international sea transportation owing to geo-political aspects. Therefore, the two countries have promoted ocean-going shipping industry in order to support their export-oriented economies. Recent financial crisis in together with the economic slowdown has reduced seaborne trade cargoes, which resulted in remarkably deteriorated revenues of the container shipping sector. Major container shipping companies of both countries such as Evergreen, Yang Ming, Hyundai, and Hanjin under our study are no exception. This chapter aims to achieve two-fold aims. The first applies Entropy to find the relative weights of financial ratios of the four companies each year. In so doing, we can find the weights variance for the period of 1999–2009 based on the financial performance of the above companies. The second aim is to evaluate financial performance of the companies in the period by grey relation analysis. The findings in this chapter help shipping managers to mitigate impacts of the financial crisis on their companies.


    Zugriff

    Zugriff prüfen

    Verfügbarkeit in meiner Bibliothek prüfen

    Bestellung bei Subito €


    Exportieren, teilen und zitieren



    Titel :

    Financial Performance Evaluation of Shipping Companies Using Entropy and Grey Relation Analysis


    Beteiligte:
    Lee, Paul Tae-Woo (Autor:in) / Lin, Cheng-Wei (Autor:in) / Shin, Sung-Ho (Autor:in)


    Erscheinungsdatum :

    2017-10-25


    Format / Umfang :

    29 pages





    Medientyp :

    Aufsatz/Kapitel (Buch)


    Format :

    Elektronische Ressource


    Sprache :

    Englisch




    The relative efficiency and financial risk assessment of shipping companies

    Wang, Grace W.Y. / Woo, Su-Han / Mileski, Joan | Taylor & Francis Verlag | 2014




    The cognition map of financial ratios of shipping companies using DEMATEL and MMDE

    Lee, Paul Tae-Woo / Lin, Cheng-Wei | Taylor & Francis Verlag | 2013