Improving Corporate Governance Effects on an Enterprise Crisis Based on a New Hybrid DEMATEL with the MADM Model

Hu, Kuang-Hua; Chen, Fu-Hsiang; Tzeng, Gwo‐Hshiung; Lee, Jinn-De

doi:10.1520/jte20140094

Cited by 20 publications

(13 citation statements)

References 55 publications

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“…To overcome this challenge, we employ FS to determine the most important features without deteriorating the model's forecasting quality [77][78][79][80]. However, none of the specific FS techniques can reach the best performance under all assessment measures.…”

Section: Discussionmentioning

confidence: 99%

A Fusion Approach for Exploring the Key Factors of Corporate Governance on Corporate Social Responsibility Performance

Lin

Hsu

2018

Sustainability

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Abstract:It is widely recognized that a firm's well-established corporate governance (CG) has a considerable impact on its corporate social responsibility (CSR) performance. How to determine the main trigger among CG's indicators for strengthening CSR performance is thus an urgent and complicated task due to its (i.e., CSR) multi-dimensional and numerous perspectives. In order to solve this critical problem, the study breaks down CSR into four dimensions and further examines the impact of CG's indicators on each CSR dimension by joint utilization of rough set theory (RST) and decision tree (DT). By doing so, users can realize which one CG indicator is the most essential to CSR performance. Managers can take the results as a reference to allocate valuable and scarce resources to the right place so as to enhance CSR performance in the future. To solidify our research finding, we transform the CSR forecasting model selection into a multiple criteria decision making (MCDM) task and execute a MCDM algorithm. By implementing the MCDM algorithm, users can achieve a much more reliable and consensus decision in today's highly turbulent economic environment. The proposed mechanism, examined by real cases, is a promising alternative for CSR performance forecasting.

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Section: Discussionmentioning

confidence: 99%

A Fusion Approach for Exploring the Key Factors of Corporate Governance on Corporate Social Responsibility Performance

Lin

Hsu

2018

Sustainability

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“…The global weights can also be obtained using the influence relation matrix through these hybrid methods [28]. Because the influence level is a characteristic of the weights, this study referred to these as the IWs of DANP [28][29][30][31][32][33][92][93][94][95]. The modified VIKOR method was then used to calculate the ratio of the gap between the real performance f kj and the aspiration level f aspired j in the alternative k pk " 1, 2, ..., Kq of criterion j pj " 1, 2, ..., nq; that is r kj " p| f aspired j´f kj |q{p| f aspired j´f worst j |q such that the calculations of the IWs are integrated among various programs.…”

Section: Method: Danp-v Modelmentioning

confidence: 99%

“…Therefore, we use a new hybrid MADM model developed for improving China's regional financial center modernization. We adopt the DEMATEL technique through expert knowledge and practical experience to establish an influence relation matrix for constructing an influential network relation matrix (INRM) and determining the IWs of the DANP, which is based on the ANP concept [103,104], to solve practical problems [32,33,92]. Hence, the calculation of the IWs of the DANP involves the following steps as:…”

Section: Conflicts Of Interestmentioning

confidence: 99%

Multicriteria Decision Analysis to Develop Effective Sustainable Development Strategies for Enhancing Competitive Advantages: Case of the TFT-LCD Industry in Taiwan

Kuo

Lin

et al. 2016

Sustainability

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Abstract:In the Internet of Things era, panel displays play a major role in human life, because humans frequently use liquid crystal displays to monitor their electrical devices. The display industry creates remarkable economic output, but every manufacturing process inevitably has some undesirable effects on the environment. With the increasing awareness of environmental protection, balanced development is necessary to address the emerging market trends. However, short-sighted manufacturing corporations that focus solely on financial performance can achieve only short-term profits. The purpose of this study was to develop the most effective sustainable improvement strategies that can enhance competitive advantages in real-world situations. The proposed method combines the balanced scorecard and a new hybrid modified multiple attribute decision-making model which together adopt the DEMATEL technique to construct the influential network relation map and develop the DEMATEL-based ANP with the VIKOR method to deliver strategies that integrate environmental sustainability and competitive advantage. Finally, a real-world case study applying the proposed method to the cases of liquid crystal display manufacturers was conducted. Then, this paper discusses the effective use of natural resources, development of enterprises, and sustainable competitive advantage in this context. Various manufacturers, communities, and stakeholders can benefit from the coopetition solutions explained by the proposed method.

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“…This method is used as the basic concept of the TOPSIS method (Hwang, Yoon 1981) on Euclidean distances to the positive ideal (this research adopts the aspiration level) and the negative ideal (this research adopts the worst level) solutions, and TOPSIS used the class Euclidean distance function (Yu 1973), as based the concept of the positive ideal and negative ideal solutions; then Opricovic and Tzeng (2004) found that the TOPSIS method cannot be used in ranking or selection, and proposed the VIKOR method to replace the TOPSIS method, by comparing the preference distance of all real alternatives in order to stay close to the positive-ideal point; however, this research adopted the basic idea of the traditional thinking of the VIKOR method to replace staying close to the aspiration level (Liu et al 2012;Chen 2015;Hu et al 2015). The gap concept measures the proximity to the positive ideal point in order to modify the aspiration level point.…”

Section: Modified Vikor Methodsmentioning

confidence: 99%

“…These basic concepts were used to create a series of new hybrid MADM models for solving complex and dynamic real world problems (Peng, Tzeng 2013;Tzeng, Huang 2012;Lu et al 2013Lu et al , 2015Hu et al 2015;Chen, Chi 2015;Liou et al 2014Liou et al , 2016. The DEMATEL technique involves three steps, detailed as follows.…”

Section: Dematel Techniquementioning

confidence: 99%

Improving China’s Regional Financial Center Modernization Development Using a New Hybrid Madm Model

Jian-guo

Tzeng

2017

Technological and Economic Development of Economy

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Abstract. The regional financial center is the propeller of regional economic development. Regional financial center modernization, however, has been the predominant propulsion of economic sustainability. Decisions related to regional financial center modernization development are inherent problems of multiple attribute decision-making (MADM), and strategically important to the government. The purpose of this paper is to set up a regional financial center improvement model for modernization development, as based on a hybrid MADM model, which addresses the main causal-effect factors and amended priorities in order to strengthen ongoing planning. This paper adopts a new hybrid MADM model combined with the DEMATEL technique to construct an influential network relationship map (INRM) and determined the influential weights of DANP. Then, a modified VIKOR method using influential weights is applied to measure and integrate the performance gaps from each criterion into dimensions, as well as the overall criterion for evaluating and improving the modernization development of the regional financial center, as based on INRM. Finally an empirical case study using data from the Guangzhou regional financial center is carried out as an example to demonstrate the suitability of the proposed hybrid MADM model for solving real-world problems. The results show the priorities for improvement, as based on the degree of the effect and impact of the dimensions, as follows: first is making "government policy", second is enforcing "financial infrastructure and safety", next is formulating "financial institutions and human resources", and finally "financial service".

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Improving Corporate Governance Effects on an Enterprise Crisis Based on a New Hybrid DEMATEL with the MADM Model

Cited by 20 publications

References 55 publications

A Fusion Approach for Exploring the Key Factors of Corporate Governance on Corporate Social Responsibility Performance

A Fusion Approach for Exploring the Key Factors of Corporate Governance on Corporate Social Responsibility Performance

Multicriteria Decision Analysis to Develop Effective Sustainable Development Strategies for Enhancing Competitive Advantages: Case of the TFT-LCD Industry in Taiwan

Improving China’s Regional Financial Center Modernization Development Using a New Hybrid Madm Model

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