本研究主要探討我國食品產業上市公司財務績效評估模型之架構，以2000到2004年為研究期間，從我國食品產業上市公司20家企業逐年選取22個財務比率作為研究樣本。本研究運用五力分析，分別為收益力、安定力、活動力、成長力以及生產力。將22個財務比率分成五個構面，並透過集群分析、區別分析、鄧氏(Duncan’s)多重比較分析等統計方法對食品產業做財務績效評估。本研究經分析實證結果發現為:
一、藉由集群分析法將樣本公司分成三個群組。研究結果發現第二以及第三群組在整體的表現上較佳。
二、研究結果發現收益力指標為最重要的財務績效指標。經由區別分析建構的模型，整體樣本的準確度達95.28%，而模型的預測準確度達94.79%。
三、藉由群組企業財務比率與產業平均水準比較，可以得知屬於群組二以及屬於群組三的企業，表現較佳。再次證明評估模式的適用性。
This research aims to investigate the framework of financial performance assess-ment model of listed food industries in Taiwan. The research periods were from 2000 to 2004. The 22 financial ratios were selected as samples from 20 listed companies of food industry year by year. This research is employing the five-force analyses. There are profitability, stability, activity, growth, and productivity analyses. The 22 financial ratios are classified into 5 financial aspects. In addition, the financial performances of listed companies were assessed by adopting various means, such as Cluster analysis, Dis-crimination analysis and Duncan’s Multiple Range Test. The major research findings after empirical analysis are as followed:
1. While employing the cluster analysis as three clusters from those sample companies, the financial performances of clusters 2 and 3 are superior to the cluster 1.
2. This research found that the profitability aspect is the most important indicator of fi-nan¬cial performances. Regarding Discrimination analysis of performance assess¬ment model, the hit ratio of accuracy was 95.28% in overall samples. The accuracy of forecast in the model was 94.79% out of the samples.
3. By comparing the average level of food industry with three clusters of company fi-nan¬cial ratios, this study found that the financial performances of clusters 2 and 3 are better. It shows again that the financial performance assessment model is more suit¬able.
