Application of Item Response Theory (IRT) in the identification of quantitative discriminating indicators for the practice of business benchmarking
Benchmarking as a management tool is based on practices and metrics. However, there are latent variables that cannot be measured directly. The Item Response Theory (IRT), a statistical technique that is widely explored in the health area, is little explored in the management area. This work seeks to...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2021 |
| País: | Brasil |
| Institución: | Centro Universitário de Belo Horizonte (UNIBH) |
| Repositorio: | Revista e-xacta |
| Idioma: | portugués |
| OAI Identifier: | oai:ojs.periodicos.uninove.br:article/16849 |
| Acceso en línea: | https://periodicos.uninove.br/exacta/article/view/16849 |
| Access Level: | acceso abierto |
| Palabra clave: | Discrimination Benchmarking index Item Response Theory Financial Performance Indicator. Discriminação Indicadores para benchmarking Teoria de resposta ao item Indicadores de desempenho financeiro. |
| Sumario: | Benchmarking as a management tool is based on practices and metrics. However, there are latent variables that cannot be measured directly. The Item Response Theory (IRT), a statistical technique that is widely explored in the health area, is little explored in the management area. This work seeks to apply the IRT to identify a set of indicators that are discriminative and possible to be used in the practice of business benchmarking. After analysing 31 indicators of 203 companies listed on the São Paulo Stock Exchange, it was possible to identify 21 discriminating indicators divided into 5 factors. It was concluded that IRT is a technique capable of identifying discriminatory indicators with low value of the Root Mean Square Error of Approximation (RMSEA) and that it brings new interpretations of already existing metrics - in the case economic and financial metrics - in addition to facilitating the understanding latent traits. |
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