We found a match
Your institution may have rights to this item. Sign in to continue.
- Title
An Integrated Group Decision Making Support Model for Corporate Financing Decisions.
- Authors
Tsai, Wen-Hsien; Yang, Ching-Chien; Leu, Jun-Der; Lee, Ya-Fen; Yang, Chih-Hao
- Abstract
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.
- Subjects
CORPORATE finance; GROUP decision making; DECISION support systems; MATHEMATICAL models; ECONOMIC decision making; ANALYTIC network process
- Publication
Group Decision & Negotiation, 2013, Vol 22, Issue 6, p1103
- ISSN
0926-2644
- Publication type
Article
- DOI
10.1007/s10726-012-9308-4