The aim of this paper is to use a new approach of performance evaluation, Grey Relation Analysis (GRA), which is a concept borrowed from the study of industry and increasingly applied to commerce. GRA is used to evaluate the relative performance of three investment Taiwanese trust firms, which have been reorganized into banks. The result of the study indicates that although the sample size is s...

This chapter provides a perspective on the rapidly developing literature on investmentperformance evaluation. I use the stochastic discount factor approach to present andcritique current performance measurement techniques in a unified setting. I offer anumber of suggestions to improve performance measurement in future research. I alsoreview recent research on the performance of ...

This paper discusses the asymptotic periodic behavior of a class of switched discrete event systems, and shows how to evaluate the asymptotic performance of such systems.

We study the effects of competitive preferences, where Chief Executive Officers (CEOs) compare their wage to the wage of other CEOs within the same industry, and derive utility from being ahead of them. We show that such social concerns work in the direction of CEO wages being positively correlated, in contrast to the Relative Performance Evaluation hypothesis, but consistent with several empir...

Article history: Available online 6 May 2008