Search the World's Largest Database of Information Science & Technology Terms & Definitions
InfInfoScipedia LogoScipedia
A Free Service of IGI Global Publishing House
Below please find a list of definitions for the term that
you selected from multiple scholarly research resources.

What is Financial Benchmarking

Handbook of Research on Strategic Performance Management and Measurement Using Data Envelopment Analysis
The benchmarking of companies using financial data.
Published in Chapter:
A New Framework for Industrial Benchmarking
Gürdal Ertek (Sabanci University, Turkey), Mete Sevinç (Sabanci University, Turkey), Firdevs Ulus (Sabanci University, Turkey), Özlem Köse (Sabanci University, Turkey), and Güvenç Şahin (Sabanci University, Turkey)
DOI: 10.4018/978-1-4666-4474-8.ch016
The authors present a benchmarking study on the companies in the Turkish food industry based on their financial data. The aim is to develop a comprehensive benchmarking framework using Data Envelopment Analysis (DEA) and information visualization. Besides DEA, a traditional tool for financial benchmarking based on financial ratios is also incorporated. The consistency/inconsistency between the two methodologies is investigated using information visualization tools. In addition, k-means clustering, a fundamental method from machine learning, is applied. Finally, other relevant data, apart from the financial data, is introduced to the analysis through information visualization to discover new insights into DEA results. The results show that the framework developed is a comprehensive and effective strategy for benchmarking; it can be applied in other industries as well. The study contributes to the literature with a novel methodology that integrates the various benchmarking methods from the fields of operations research, machine learning, and financial analysis.
Full Text Chapter Download: US $37.50 Add to Cart
eContent Pro Discount Banner
InfoSci OnDemandECP Editorial ServicesAGOSR