An Integrated Group Decision Making Support Model for Corporate Financing Decisions

被引:0
|
作者
Wen-Hsien Tsai
Ching-Chien Yang
Jun-Der Leu
Ya-Fen Lee
Chih-Hao Yang
机构
[1] National Central University,Department of Business Administration
[2] Chung Chou University of Science and Technology,Department of Marketing and Logistics Management
来源
关键词
Group decision making support (GDMS); Decision making trial and evaluation laboratory (DEMATEL); Analytic network process(ANP); Goal programming (GP);
D O I
暂无
中图分类号
学科分类号
摘要
The essential goal of corporate finance is to maximize corporate value while reducing a firm’s financial risks. Corporate financing decision is a kind of multi-criteria based group decision making that embodies major approaches to handle qualitative criteria and quantitative limitations. However, in literature related to financing decision making, very little research uses decision making trial and evaluation laboratory (DEMATEL) and analytic network process (ANP) methods to consider the impact and dependency of its factors, or uses Goal programming (GP) to find the satisfactory financing decision under the related financial constraints. This study proposes an integrated group decision making support (GDMS) model to assist corporate financing group decision makers (DMs) in obtaining a satisfactory group solution. ANP, DEMATEL and GP are combined in this GDMS model. By using this model, the group DMs can systemically structure a multi-criteria network framework and derive priority weights of those criteria, and then deal with the quantitative financial constraints for a satisfactory group solution. An illustrative case is demonstrated for the effectiveness and practicability of this GDMS model.
引用
收藏
页码:1103 / 1127
页数:24
相关论文
共 50 条
  • [1] An Integrated Group Decision Making Support Model for Corporate Financing Decisions
    Tsai, Wen-Hsien
    Yang, Ching-Chien
    Leu, Jun-Der
    Lee, Ya-Fen
    Yang, Chih-Hao
    [J]. GROUP DECISION AND NEGOTIATION, 2013, 22 (06) : 1103 - 1127
  • [2] MODEL OF CORPORATE FINANCING DECISIONS
    TAGGART, RA
    [J]. JOURNAL OF FINANCE, 1977, 32 (05): : 1467 - 1484
  • [3] A Proposal of a Linguistic Group Decision Model to Support Public Decisions in Brazil
    Silva, V. B. S.
    Morais, D. C.
    [J]. PROCEEDINGS OF THE 2013 JOINT IFSA WORLD CONGRESS AND NAFIPS ANNUAL MEETING (IFSA/NAFIPS), 2013, : 605 - 610
  • [4] DECISION-MAKING IN SUPPORT - SENTINEL DECISIONS
    YOUNGNER, SJ
    MURPHY, DJ
    LYNN, J
    [J]. JOURNAL OF CLINICAL EPIDEMIOLOGY, 1990, 43 : S67 - S71
  • [5] Is integrated reporting associated with corporate financing decisions? Some empirical evidence
    Lemma, Tesfaye T.
    Khan, Arifur
    Muttakin, Mohammad Badrul
    Mihret, Dessalegn Getie
    [J]. ASIAN REVIEW OF ACCOUNTING, 2019, 27 (03) : 425 - 443
  • [6] Adaptive consensus support model for group decision making systems
    Chen, Shyi-Ming
    Lee, Li-Wei
    Yang, Szu-Wei
    Sheu, Tian-Wei
    [J]. EXPERT SYSTEMS WITH APPLICATIONS, 2012, 39 (16) : 12580 - 12588
  • [7] A decision support model for group decision making with hesitant multiplicative preference relations
    Zhang, Zhiming
    Wu, Chong
    [J]. INFORMATION SCIENCES, 2014, 282 : 136 - 166
  • [8] A decision support model for group decision making with hesitant fuzzy preference relations
    Zhang, Zhiming
    Wang, Chao
    Tian, Xuedong
    [J]. KNOWLEDGE-BASED SYSTEMS, 2015, 86 : 77 - 101
  • [9] EFFECT OF GROUP DECISION MAKING STRATEGY ON THE OPTIMALITY OF GROUP DECISIONS
    AHRENS, HJ
    [J]. PSYCHOLOGISCHE FORSCHUNG, 1966, 29 (03): : 183 - 183
  • [10] An integrated decision support environment for organisational decision making
    Liu, Shaofeng
    Duffy, Alex H. B.
    Whitfield, Robert Ian
    Boyle, Iain M.
    [J]. COLLABORATIVE DECISION MAKING: PERSPECTIVES AND CHALLENGES, 2008, 176 : 392 - +