Evaluating business performance of wealth management banks

Selection and comparison the most suitable strategy in the public and private banks with BSC approach

“…Moreover, although in this study the order of the criteria from the most to the least important was: financial, customer, learning/growth and, finally, internal process, in Wu et al (2009) the order turned out to be: customer, financial, internal process and learning/growth. The results of the present study are consistent with those of Wu et al (2010), in that among the sub-criteria of the financial criterion, pure profit outweighs the others. The financial performance of banks has a key role in evaluating their other performances since the efficiency of each of their activities is reflected in their main financial statement.…”

Financial Performance Assessment of Non-Life Insurance Companies Traded in Borsa Istanbul via Grey Relational Analysis

“…8, No. 4; companies operating in various industries (Kung & Wen, 2007;Wu, Hsiao, & Tsai, 2008;Wu, Lin, & Tsai, 2010;Lin & Chang, 2010;Huang & Peng, 2011, etc.). At the same time, the GRA method has also been used to evaluate the performance of insurance companies in recent years.…”

Evaluation of banks' commercial credit applications using the Analytic Hierarchy Process and Grey Relational Analysis: A comparison between public and private banks

“…Because of these features, GRA has been extensively applied in many contexts, such as financial institutions, hospitals, banks and airline firms. The procedure for calculating the GRA is as follows (Wu, Lin & Tsai, 2010): 1 Calculate the Grey Relation Grade Let X 0 be the referential series with k entities (or criteria) of X 1 , X 2 ,, …X i , ….X N (or N measurement criteria). Then, X 0 ={x 0 (1), x 0 (2), …, x 0 (k)}, X 1 ={x 1 (1), x 1 (2), …, x 1 (k)}, .…”