Modeling criteria for determining and commercializing the optimal portfolio of agricultural stocks in Tehran Stock Exchange

Subject Areas : Agriculture Marketing and Commercialization

Sina Shirtavani ¹ , Mahdi Homayounfar ² , Keyhan Azadi ³ , Amir Daneshvar ⁴

1 - PhD Candidate, Department of Industrial Management, Rasht Branch, Islamic Azad University, Rasht, Iran
2 - Department of Industrial Management, Rasht Branch, Islamic Azad University, Rasht, Iran
3 - Assistant Professor, Department of Accounting, Rasht Branch, Islamic Azad University, Rasht, Iran
4 - Assistant Professor, Department of Information Technology Management, Electronic Branch, Islamic Azad University, Tehran, Iran

Received: 2023-11-27 Accepted : 2024-03-30 Published : 2024-06-01

Keywords: Modeling, optimal portfolio criteria, agricultural stocks and stock market.,

Abstract :

Investing in financial markets and using investment opportunities in the capital market is clearly one of the most important issues in achieving sustainable economic growth and development, especially in developing countries. Therefore, it is important that the criteria for determining the optimal stock portfolio in the Tehran Stock Exchange market are specified and researchers use a standard index to determine the optimal stock portfolio so that commercialization patterns of agricultural stocks can be modeled and determined. Based on this, the present study was designed with the aim of answering the question of what are the effective criteria in measuring the risk and return of the portfolio of agricultural stocks in the Tehran Stock Exchange. The method of conducting the current research was a field survey using a survey of 30 managers of companies active in the field of agriculture in the Tehran Stock Exchange market. The data collection tool was a researcher-made questionnaire, and the data analysis tool was Spss version 23, Topsys Fazi and Lisrel version 5.8. The results of the data analysis showed that the most important appropriate criteria in determining the optimal stock portfolio are profitability, growth, risk, liquidity and market criteria in the order of first, second, third, fourth and fifth priority. Also, the appropriate model for determining the optimal portfolio risk of agricultural stocks included: financial and systematic risk, commercial risk, and market price, as well as the appropriate model for determining the optimal portfolio return of agricultural stocks included: profitability, growth, and... liquidity.

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