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The Application of Mathematical Programming Techniques to Financial Statement Analysis: Australian Gold Production and Exploration
Vol 23, Issue 1, 1998
1.483
Andrew C. Worthington Impact Factor First Published June 1, 1998 more » Research Article Download PDF
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Abstract A sample of thirty listed Australian gold producers is used to compare the financial perfor Mance measures provided by accountingbased financial ratios, and production perfor Mance as measured by efficiency indices. The results indicate that simple ratios are unlikely to provide efficiency rankings similar to those obtained from multipleinput, multipleoutput methodologies. However, whilst the two methods can disagree substantially on the relative perfor Mance of individual decisionmaking units, when used jointly the results can offer valuable insights into the concept of firm perfor Mance.
Keywords Article Metrics
DATA ENVELOPMENT ANALYSIS, FINANCIAL RATIOS, TECHNICAL EFFICIENCY , SCALE EFFICIENCY
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