Evaluation of the optimal portfolio using accounting criteria using multi-criteria decision criteria under conditions of uncertainty in the Iranian capital market
Subject Areas : Financial Knowledge of Securities Analysis
Kamran Taghizadeh
1
(management, Masjed Solyman University, Masjed Solyman, Iran)
allahkaram salehi
2
(استادیار گروه حسابداری، واحد مسجدسلیمان، دانشگاه آزاد اسلامی، مسجدسلیمان، ایران. (نویسنده مسئول))
saber Mullah Alizadeh zovardehi
3
(Assistant Professor, Department of Industrial Engineering, Masjed Soleiman Branch, Islamic Azad University, Masjed Soleiman, Iran)
Ali Mahmoodirad
4
(Department of applied Mathematics, Masjed-Soleiman Branch, Islamic Azad University)
Keywords: portfolio portfolio, multi-criteria, Stocks, accounting criteria,
Abstract :
Due to the importance of stock selection and investment in recent times, this study was formed with the aim of evaluating the optimal portfolio portfolio using accounting criteria using multi-criteria decision criteria under conditions of uncertainty in the Iranian capital market. This study was an exploratory mixed study and its population in the qualitative section included the managers of Tehran Stock Exchange companies and university professors and in the quantitative statistical sample section, 30 managers and experts of listed companies that were purposefully selected. And participated in the research. Quantitative findings based on the identification of qualitative findings showed that the general criteria based on the AHP method in accounting criteria include non-systematic risk categories, respectively; 2) risk of financial liabilities; 3) operating profit risk; 4) risk of investment activities; 5) are the financial performance risk of the company. Then, to determine the coefficient of importance of each of the sub-criteria, the methods of AHP, Electro and TOPSIS were used and the results showed that the sub-criteria of reducing the rate of return on assets, corporate sales risk and net profit risk, respectively, have rankings. First, second and third are important in terms of accounting. Based on the results obtained, it can be used in the field of decision-making criteria based on accounting criteria in the uncertainty of Iran.
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