Financial benchmarking

Financial benchmarking is a type of benchmarking that typically involves using CD-ROM databases such as Lexis/Nexis or Compact Disclosure to gather information about competing firms to perform financial analyses and compare results.

Definition

According to Managing Quality by Foster (6th edition),

Financial benchmarking. A type of benchmarking that typically involves using CD-ROM databases such as Lexis/Nexis or Compact Disclosure to gather information about competing firms to perform financial analyses and compare results.