Financial performance evaluation of nuclear power-related enterprises from the perspective of sustainability

Environ Sci Pollut Res Int. 2020 Apr;27(10):11349-11363. doi: 10.1007/s11356-019-07545-1. Epub 2020 Jan 21.

Abstract

A set of dynamic evaluation systems based on data envelopment analysis (DEA), Analytic Hierarchy Process (AHP) and Preference Ranking Organization Method for Enrichment Evaluation II has been constructed to determine the financial performance of Chinese nuclear power-related enterprises; the evaluation indicators reflect not only current development but also future development. (1) A comparison of the competitiveness of nine companies is conducted showing that Everbright Jiabao Co. Ltd. has the strongest competitiveness, the relative competitiveness of Dongfang Electric Corporation has declined year by year, and the competitiveness of Atlantic has increased year by year. (2) According to the analysis of the overall sustainable development capability indicated by financial performance, the financial performance of DUNAN Environment and Everbright Jiabao Co. Ltd. is relatively better than that of the other companies, and that of Atlantic is the worst. (3) According to the analysis of the sustainable development capability indicated by investment efficiency and development performance, during the 10-year development period, the investment efficiency and development performance of Dongfang Electric Corporation, DUNAN Environment, Wintime Energy Co. Ltd. and Everbright Jiabao Co. Ltd. increased, while those of Shanghai Electric and Hubei Energy Group Co. Ltd. declined. In the 10-year period, the other three companies, Boasteel Group, Atlantic, and HBIS Group Co. Ltd., developed unevenly. In addition, the investment efficiency and development performance of the nine companies are unbalanced in the two short-term development stages from 2007 to 2011 and from 2011 to 2016.

Keywords: Dynamic evaluation system; Financial performance; Nuclear power-related enterprises; Sustainability.

MeSH terms

  • China
  • Energy-Generating Resources
  • Investments*
  • Organizations
  • Sustainable Development*