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    Volume 43, Issue 6 (November 2015)

    Improving Corporate Governance Effects on an Enterprise Crisis Based on a New Hybrid DEMATEL with the MADM Model

    (Received 4 March 2014; accepted 14 July 2014)

    Published Online: 2015

    CODEN: JTEVAB

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    Abstract

    The purpose of this study is to set up a new enterprise crisis improvement model for corporate governance based on the hybrid MADM model, which addresses on the main causal factors and amended priorities in order to reduce the occurrence of corporate crises. In this study, we present the use of a new hybrid MADM combined with a DEMATEL technique to construct an influential network relationship map (INRM) and find the influential weights of DANP in criteria from the influential relationship matrix, as well as the modified VIKOR method using influential weights, to evaluate and integrate the criteria performance in the gaps. This study also analyzes how to reduce the gaps to evaluate the decision for improving corporate governance effects based on INRM. This method provides decision-makers with a way to formulate improvement strategies. The results show that the overall average gap of corporate governance is 0.501 (signaling a crisis on the 0 to 1 scale). To remedy this issue, much bigger gaps are needed for improvement in each criterion. The implication is that Taiwan's current financial industry corporate governance system is too weak and needs to be strengthened, reengineered, and transformed.


    Author Information:

    Hu, Kuang-Hua
    Department of Accounting, Nanfang College of Sun Yat-sen Univ., Guangzhou,

    Chen, Fu-Hsiang
    Department and Graduate School of Accounting, Chinese Culture Univ., Taipei,

    Tzeng, Gwo-Hshiung
    Graduate Institute of Urban Planning, College of Public Affairs, National Taipei Univ., New Taipei City,

    Lee, Jinn-De
    Graduate Institute of Industrial and Business Management, National Taipei Univ. of Technology, Taipei,


    Stock #: JTE20140094

    ISSN:0090-3973

    DOI: 10.1520/JTE20140094

    Author
    Title Improving Corporate Governance Effects on an Enterprise Crisis Based on a New Hybrid DEMATEL with the MADM Model
    Symposium ,
    Committee E53