The existing company ranks are compiled in terms of some size measures as annual sales, total assets and/or capitalization, which could reflect the market share of the global giants in their industries. However, these ranks ignored the evaluation of corporate efficiency and effectiveness – the core value of company as a market participant.

1. Rationale

GlocalWin 500 aims to identify among peer companies those that can be set as the benchmark for their respective industries based on comprehensive evaluation of profitability, efficiency, creditability and growth.

GlocalWin 500 are jointly developed by Management Scool of Tianjin University(former Peiyang University, founded in 1895 with the name Peiyang University as the first university in China), and GlocalWin (Beijing) Consulting Company, the Pioneer and Leader in supporting government policy-making and institutional decision-making process through harmonizing best international practices with local context and based on unique scientific/systematical methodology, sophisticated professionals and tremendous information database.

2. Approach and Methodology

Based on annual reports of public companies in 69 stock exchanges in the world, we take the basic theories and practices in Relative Performance Evaluation (RPE), Benchmarking Management (BMK), Balanced Scorecard (BSC) and Economic Value Added (EVA) to develop GlocalWin 500 by comparing performance measures in peer industries.

(1) Factor Analysis

A factor extraction method used to form uncorrelated linear combinations of the observed variables. The first principal component has maximum variance, and successive components explain progressively smaller portions of the variance and are all uncorrelated with each other.

(2) Regression Analysis

The methods for calculating factor scores are regression, in which the scores that are produced have a mean of 0 and a variance equal to the squared multiple correlation between the estimated factor scores and the true factor values.

(3) Multiplicative Scoring

What multiplicative scoring does is to ensure scores in four perspectives face trade-offs and diminishing marginal substitution rate. The multiplicative scoring output is always less than that of additive scoring, and the only exception takes place when a company scores the same in four perspectives of profitability, efficiency, creditability and growth.

In this way, one must pay attention to the trade-off of different performance measures to maximize composite score, and balanced improvement in four-perspective scores are best ways to attain higher rank in comprehensive benchmarking evaluation.

(4) Percentile Ranking

Our ranking method percentile rank, the value of the new variable equals rank divided by the sum of the weights of peer cases and multiplied by 100.

3. Steps Taken

(1)We first review financial statement of 14132 listed companies that were publicly trading as of Dec. 31, 2010 with an annual sales of over US$50 million;

(2)Each company receives a separate score from the perspectives of profitability, efficiency, creditability and growth by comparing performance measures with those of peering companies;

(3)We multiply the percentile scores for all four perspectives and compile a composite score for each company based on their rankings.

(4)We screen for the 1479 larger companies, which registered an annual sales above US$1 billion and among the largest 60 companies in each of 28 industries in 2010.

(5)We sort the companies in descending order by the highest composite score and apply our GlocalWin 500 rank, and the highest composite score gets the highest rank.

4. Evaluation Output

Based on public information of global listed companies, Tianjin University and GlocalWin jointly developed GlocalWin 500, which can be set as performance benchmark in their respective industries.

Link to GlocalWin 500 Full List (Amount in US$ Million)

The consortium also published in four perspectives of profitability, efficiency, creditability and growth(Amount in US$ Million) , i.e.

(1)  100 GlocalWin Most Profitable Companies;

(2)  100 GlocalWin Most Efficient Companies;

(3)  100 GlocalWin Most Creditable Companies; and

(4)  100 GlocalWin Fastest Growing Companies.

CoME Tianjin University

Founded in 1895 with the name Peiyang University, Tianjin University is the first university in China. As the pioneer of modern higher education in China. As of June 2011, over 200,000 outstanding individuals were educated in this university, who have contributed greatly to the progress in science and technology, development of the society and prosperity of the country and the world. Tianjin University is among the first 16 National Key Universities designated by the government in 1959, and is also among the first group of universities to be included into the "211" and "985" Projects of national investment for cultivating world class universities. Tianjin University has grown into a world recognized research university with distinctive quality and strength in education, research and social services.

College of Management and Economics (CoME), focused on practical and educational excellence in management and economics fields, consists of four schools, i.e. School of Management Science and Engineering (SMSE), School of Business Administration (SBA), School of Public Administration (SPA) and International School of Economics and Finance (ISEF).

GlocalWin (Beijing) Consulting Co.

GlocalWin (Beijing) Consulting Co. ,originally founded in 1996, specializes in management consulting, finance and investment, data and information service. While focusing in Chinese market, GlocalWin have integrated its global workforce to deploy optimal multi-disciplinary teams, harmonizing international best practices and local context. In 2004, Glocalwin’s consultants successfully bid and completed an ADB financed technical assistance, the first for Chinese consulting companies.

GlocalWin uses the right proven approach and methodology to reduce client risk and provide practical and cost-efficient/effective solutions. GlocalWin has become the market leader in providing consulting services in corporate performance management as well as projects financed by ADB and World Bank in China.

Link:

GlocalWin500-FinancialInstitution(38)

GlocalWin500-IT/Internet(19)+Professional(12)

GlocalWin500-Hotel(8)

GlocalWin500-RealEstate(23)

GlocalWin500-Trading(20)

GlocalWin500-Utility(52)

GlocalWin500-Telecommunication(23)

GlocalWin500-Transportation(38)

GlocalWin500-Transportation Equipment(42)

GlocalWin500-MechanicElectronic(17)

GlocalWin500-Metal (43)

GlocalWin500-BuildingMaterial (19)

GlocalWin500-Pharmaceutical (22)

GlocalWin500-Chemical (24)

GlocalWin500-Textiles (25)

GlocalWin500-Food (15)

GlocalWin500-Construction

GlocalWin500-Petroleum

GlocalWin500-Mining

GlocalWin500-Agriculture

Glocalwin500 Full List

GlocalWin 100 Most Profitable Companies

GlocalWin 100 Most Efficient Companies

GlocalWin 100 Most Creditable Companies

GlocalWin 100 Fastest Growing Companies

 

2011年12月31日

2011 GlocalWin500 Released 57 Chinese Mainland Companies Listed

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