Sustainability assessment of venture business firms using data envelopment analysis

Abstract

An appropriate assessment of sustamability in venture business is an important managerial and investment decision making. Data envelopment analysis (DEA) is utilized for sustamability assessment for venture business firms' performance. Venture business firms are primary decisionmaking units (DMUs). Required information for this study is collected from Korea Listed Companies Association (KLCA) database. The proposed DEA model incorporates multiple inputs and outputs to assess the relative operational efficiency of the DMUs, identifying the best performance group among the peer venture business firms. The proposed model provides decision-makers with more accurate information for strategic insights to make better investment decisions in the competitive business environment.