TY - JOUR ID - 53638 TI - A new approach factor- entropy with application to business costs of SMEs in Shanghai JO - Interdisciplinary Journal of Management Studies (Formerly known as Iranian Journal of Management Studies) JA - IJMS LA - en SN - AU - Guo, Yan AU - Sung, Gui AD - Glorious Sun School of Business & Management, Donghua University, Shanghai, China Y1 - 2015 PY - 2015 VL - 8 IS - 3 SP - 479 EP - 501 KW - Entropy KW - Evaluation of business costs KW - factor analysis KW - Shanghai SMEs DO - 10.22059/ijms.2015.53638 N2 - Business cost is acknowledged as one of the priorities in SMEs research. In thisstudy, the business cost of SMEs in Shanghai was primarily measured using Factor-Entropy analysis method. The purpose of this study is to effectively resolve the issueof simplification and assignment evaluation index system on business costs of SMEsin Shanghai. However, this study uses factor analysis to interpret the data onindicators, through a cross-sectional survey, considering the objective empowermentwith entropy method. It was shown that factor-entropy method to evaluation indexsystem has advantages. The samples selected involves 309 executives and managersof 16 SMEs in shanghai that are in support of the development funds of ShanghaiSMEs in China in 2013. Finally, Factor-Entropy analysis method is a combination ofsubjective and objective evaluation method, which are the indicators of the maincomponent indexes calculated entropy valves and sorting with scores. The resultsshow that the impact of the external environment (Policies and market-orientedoperation) in the Multi-target of Business-cost was significant and positive. Thevalue obtained in this study is to provide an applicable unique measurement methodto situations where the necessary information is insufficient for complex or fuzzysystems and relations, and mainly identify and evaluate information of businesscosts in small medium-sized businesses in Shanghai. UR - https://ijms.ut.ac.ir/article_53638.html L1 - https://ijms.ut.ac.ir/article_53638_d55ad56249dc74c66ffdd6eaf6dadf61.pdf ER -