Interpretive Evaluation of the Dimensions of Advantageous Equity Valuations in the Capital Market
Subject Areas : Financial Knowledge of Securities Analysis
Zahra Jafari
1
(PhD Candidate, Department of Accounting, Damavand Branch, Islamic Azad University, Damavand, Iran)
Zahra Moradi
2
(Assistant Professor, Department of Accounting, Damavand Branch, Islamic Azad University, Damavand, Iran)
Shohreh Yazdani
3
(Assistant Professor, Department of Accounting, Damavand Branch, Islamic Azad University, Damavand, Iran)
Keywords: Advantageous Equity Valuations, Optimal Stock Limit, Interpretive Ranking Process,
Abstract :
With the growth of analytical level in financial decisions, advantageous equity valuations is considered as one of the functions of analyzing the returns and risks of financial investment, which balances the behavioral effect of investment and analytical processes in the market and causes The gap between current values and corporate stock market values as a signal in financial decisions increases returns and controls risk in investors' decisions. The Purpose of this research is interpretive evaluation of the dimensions of Advantageous equity valuations in the capital market. The methodology of this research was mix method, so that in the qualitative section, first the dimensions of advantageous equity valuations were identified as the basis of analysis and then based on Delphi analysis, the theoretical consensus was determined to provide a theoretical framework for the research. Interpretive ranking analysis was also used in the quantitative section. In this analysis, the aim was to determine the most important analytical dimension of advantageous equity valuations in order to achieve the optimal point in investing in the capital market. The results of the study indicated the existence of 7 analytical criteria for advantageous equity valuations through Meta Synthesis analysis, which were confirmed during two Delphi rounds. The results in the quantitative part showed that the percentage of net asset value component of assets compared to other components of advantageous equity valuations has a more effective role in determining the optimal level of investment, which means that net asset value helps investors in stock valuation. To make the appropriate investment decision by evaluating the difference between the current value of assets and the current value of debts with the number of shares of companies and to evaluate the return on their investment to some extent at the present time.