Evaluating Lithuanian banks from the perspective of their reliability to customers by PROMETHEE method

Ginevičius, Romualdas; Podvezko, Valentinas; Novotný, Miloslav

doi:10.3846/bm.2010.133

Cited by 10 publications

(11 citation statements)

References 8 publications

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“…In particular, this is true for Lithuania in the field of finance. Lithuanian scientists pay some attention to the problem of evaluating domestic banks by MCDA methods (Brauers, Ginevicius, Podviezko, 2012;Zavadskas, Kaklauskas, Banaitis, Kvederyte, 2004;Ginevicius, Podvezko, 2008a;Ginevicius, Podvezko, Novotny, 2010;Ginevicius, Podvezko, Podviezko, 2012;Zvirblis, Buracas, 2010;Podviezko, Ginevicius, 2010;Stankeviciene, Mencaite, 2012).…”

Section: Introductionmentioning

confidence: 99%

The Evaluation of Financial Stability and Soundness of Lithuanian Banks

Ginevičius

Podviezko

2013

Economic Research-Ekonomska Istraživanja

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The successful development of economy is based on effective and stable performance of commercial banks. The evaluation of stability and soundness of banks is a complex task, involving a considerable number of multidimensional criteria. It is an idiosyncratic task because of a complicated internal business structure of banks, intertwined cash flows and strong influence of market conditions on soundness levels. In this paper, soundness and stability dynamics of commercial banks registered in Lithuania was evaluated by using several multiple criteria methods from simpler ones to the more sophisticated PROMETHEE method. The results obtained indicate that the levels of soundness and stability of banks operating in the developing Lithuanian market of commercial banks noticeably fluctuate. A comparison of the obtained results reveals the causes of the fluctuations. A simultaneous use of different multiple criteria methods for evaluating the soundness and stability of commercial banks increases the robustness of the evaluation. ARTICLE INFO

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Section: Introductionmentioning

confidence: 99%

The Evaluation of Financial Stability and Soundness of Lithuanian Banks

Ginevičius

Podviezko

2013

Economic Research-Ekonomska Istraživanja

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“…Of particular interest in these methods is the PROMETHEE (Preferential Ranking Organization Method for Enrichment Evaluations) method, which many authors describe as more advanced, more sophisticated and logical than other multichronic methods (Brans, Mareschal 2005;Behzadian et al 2010;Kosmidou, Zopounidis 2008). As reported by Ginevičius et al (2010), the results of the evaluation depend on the preferential criteria and its parameters, as well as the decision-maker experience. The spectrum of their research interest was SR (Sum of Rank), SAW (Simple Additive Weighing), TOPSIS (Technique for Order Preference by Similarity to Ideal Solution), COPRAS (COmplex PRoportional ASsessment) mentioned e.g.…”

Section: Banking Performance Assessment In the Cross-cutting Researchmentioning

confidence: 99%

“…While TOPSIS evaluates the overall distance of each alternative from the best and the worst variant (Opricovic, Tzeng 2004), the normalized values and weights of the evaluated alternatives into one value are mathematically integrated in the COPRAS method (Hwang, Yoon 1981;Ginevičius, Podvezko 2008, 2013Zavadskas et al 2008). Applying these methods by authors to Lithuanian banks (Ginevičius et al 2010) concluded that different Multi-Criteria Decision Aid (MCDA) provide different results (differentiated bank rankings depending on the evaluation technique). To eliminate the separate negatives of multi-criteria methods, the authors applied a new, sophisticated PROMETHEE method, which demonstrated a greater differentiation of complex evaluation results and thus accuracy.…”

Section: Banking Performance Assessment In the Cross-cutting Researchmentioning

confidence: 99%

Comparison of Selected Methods for Performance Evaluation of Czech and Slovak Commercial Banks

Gavurová

Belás

Kočišová

et al. 2017

Journal of Business Economics and Management

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The successful development of economy is based on the efficient and stable performance of commercial banks. A broad range of methods is used to evaluate them. Each method has its own specific features and logic, which results in the existence of discrepancies in the results of their evaluation. For this reason, as well as due to the elimination of model risk, numerous methods are recommended in practice to detect multidimensional disproportions in bank performance and to create a comparator base. This led to the realization of the research aimed at assessing the performance of selected Czech and Slovak banks by applying several methods and evaluating the process and outcome differences of these methods. The data were obtained from the non-consolidated financial statements published in the annual reports of the evaluated banks. The analysis showed that all methods have roughly the same results. Almost perfect correlation had been found not only among the methods of multi-criteria evaluation, but also among the other investigators.

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“…Therefore, all the criteria were examined and their values were transformed respectively. The multi-criteria evaluation methods may only be applied when normalized criteria values and weights are determined (Ginevičius et al 2010). was modified to the shape of all criteria maximizing, subtracting the criteria value of the options from the worst levels of minimizing criteria (Fiala et al 1994).…”

Section: Multi-criteria Evaluation Of Heating Systemsmentioning

confidence: 99%

Selection of Heating System Based on Acquisition and Operating Costs for Family Houses

Novotný

Šuhajda

Kucera

et al. 2016

9th International Scientific Conference “Business and Management 2016”

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The aim of this study is to evaluate mutual dependences and significance of the input factors of a heating system for a family house. The input factors which are being most commonly considered are operating costs, acquisition prices on financial return rate, life span of these systems or requirements for maintenance and control. This research is focused on the analysis of three different heating systems in the common detached house; electric heating foils, heat pump and gas boiler. The building itself is evaluated in three variants; with and without a ventilation unit and with adjusted structure composition. To analyse the parameters mentioned above the Promethee method (multicriterial analysis) has been used.

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Evaluating Lithuanian banks from the perspective of their reliability to customers by PROMETHEE method

Cited by 10 publications

References 8 publications

The Evaluation of Financial Stability and Soundness of Lithuanian Banks

The Evaluation of Financial Stability and Soundness of Lithuanian Banks

Comparison of Selected Methods for Performance Evaluation of Czech and Slovak Commercial Banks

Selection of Heating System Based on Acquisition and Operating Costs for Family Houses

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