Abstract
Company performance is commonly evaluated based on financial ratios, which are derived from accounting figures contained in financial statements. How to understand the relationship between company performance and financial ratios is the key to selecting a suitable technique for company performance evaluation. This paper demonstrates that if financial ratios do not possess stable profiles the relationship between company performance and financial ratios is nonlinear and the empirical results show that over half financial ratios from the UK construction industry do not have stable profiles.
Cite
CITATION STYLE
Yang, Z. (2000). Stability analysis of financial ratios. In Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) (Vol. 1983, pp. 256–261). Springer Verlag. https://doi.org/10.1007/3-540-44491-2_36
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