114 Int. J. Financial Services Management, Vol. 4, No. 2, 2010 Copyright © 2010 Inderscience Enterprises Ltd. An aggregate measure of financial ratios using a multiplicative DEA model Ali Emrouznejad* Aston Business School, Aston University, Birmingham, UK Email: a.emrouznejad@aston.ac.uk *Corresponding author Emilyn Cabanda Global Leadership & Entrepreneurship, Regent University, Virginia Beach, VA, USA Email: ecabanda@regent.edu Abstract: This paper examines the problems in the definition of the General Non-Parametric Corporate Performance (GNCP) and introduces a multiplicative linear programming as an alternative model for corporate performance. We verified and tested a statistically significant difference between the two models based on the application of 27 UK industries using six performance ratios. Our new model is found to be a more robust performance model than the previous standard Data Envelopment Analysis (DEA) model. Keywords: DEA; data envelopment analysis; financial ratio; GNCP; general non-parametric corporate performance; MNCP; multiplicative non-parametric corporate performance. Reference to this paper should be made as follows: Emrouznejad, A. and Cabanda, E. (2010) ‘An aggregate measure of financial ratios using a multiplicative DEA model’, Int. J. Financial Services Management, Vol. 4, No. 2, pp.114–126. Biographical notes: Ali Emrouznejad is a Senior Lecturer of Operational Research Group at Aston University, UK. His areas of research interest include performance measurement and management, efficiency and productivity analysis as well as data mining. He acted as Guest Editor of special issues in a number of journals including Journal of Operational Research Society and Annals of Operations Research in data envelopment analysis. He is a member of the Operational Research Society of UK, Secretary of Midland Operational Research Society, and co-founder of Performance Improvement Management Software (DEA-PIMsoft). Emilyn Cabanda is an Associate Professor of Operations at the School of Global Leadership & Entrepreneurship, Regent University, USA. She also served as a Visiting Professor at Yokohama National University (2006) and International Christian University (2007) in Japan. She also taught in the Graduate School at the University of Santo Tomas in the Philippines. She has