The proposed framework evaluates the overall performance of individual firms by simultaneously utilizing all available financial performance criteria. ![]() ![]() This research proposes a framework for firm-level performance evaluations based on two multi-criteria decision-making (MCDM) methods: fuzzy analytical hierarchical process (FAHP) and the technique of order preferences by similarity to ideal solutions (TOPSIS). However, numerous evaluation criteria, especially financial performance criteria, that must be examined before reaching this decision sometimes present challenges for decision-makers. ![]() Selection of the appropriate firms for investment or resource allocation has implications for high returns, productivity and overall economic growth.
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