Analysis on the Financial Performance of OFDI Based on Principal Component Analysis: The Case of Sinomine Resource Group Company

Qian Yang, Gang Fang

2022

Abstract

Sinomine Resource Group Co., Ltd (SINOMINE) is taken as the case object in order to better measure the influence of OFDI of resource-based enterprises on corporate performance. With the help of SPSS software and principal component analysis method, this paper tests the financial performance of its OFDI. The study shows that the overall financial performance of the company is good, but its profitability needs to be improved. In addition, this article summarises the characteristics of SINOMINE's overseas expansion in two phases by looking at its OFDI activities since its listing. The first phase of the company's location selection mainly focused on Asian and African countries, while the second phase of overseas expansion focused on the European and American markets.

Paper Citation

in Harvard Style

Yang Q. and Fang G. (2022). Analysis on the Financial Performance of OFDI Based on Principal Component Analysis: The Case of Sinomine Resource Group Company. In Proceedings of the 4th International Conference on Economic Management and Model Engineering - Volume 1: ICEMME; ISBN 978-989-758-636-1, SciTePress, pages 276-281. DOI: 10.5220/0012029300003620

in Bibtex Style

@conference{icemme22,
author={Qian Yang and Gang Fang},
title={Analysis on the Financial Performance of OFDI Based on Principal Component Analysis: The Case of Sinomine Resource Group Company},
booktitle={Proceedings of the 4th International Conference on Economic Management and Model Engineering - Volume 1: ICEMME},
year={2022},
pages={276-281},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012029300003620},
isbn={978-989-758-636-1},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 4th International Conference on Economic Management and Model Engineering - Volume 1: ICEMME
TI - Analysis on the Financial Performance of OFDI Based on Principal Component Analysis: The Case of Sinomine Resource Group Company
SN - 978-989-758-636-1
AU - Yang Q.
AU - Fang G.
PY - 2022
SP - 276
EP - 281
DO - 10.5220/0012029300003620
PB - SciTePress