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The application of the utility theory based TOPSIS method in the evaluation of corporations’ financial performance

Chunzhi Wang, Guojie Zhao

with the increasing reform and transformation of economical systemï¼Ã‚ÂŒthe rules and regulations in each corporation vary. As the listed corporations with typical stock system play an essential role in national economy and major forces in market. Besides, they have promoted the economical development in China significantly. By taking 80 listed corporations in China as research objectives, a Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS) method is used to carry out the financial performance evaluation of each corporation. Meanwhile, the developments state of each corporation in 2007 to 2012 is evaluated. The research provides some suggestions which may be helpful for the further researches on the evaluations of financial performance for the listed corporation.