Measuring the performance of accepted investment companies in Tehran’s stock exchange by value efficiency analysis
Measuring the relative performance of firms plays an important role for investment decisions. This research presents a systematic method to evaluate the performance of accepted investment companies listed on Tehran Stock Exchange. The analysis is based on a set of criteria that are determined by exp...
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| Format: | Article |
| Language: | English |
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Growing Science
2014-06-01
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| Series: | Management Science Letters |
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| Online Access: | http://www.growingscience.com/msl/Vol4/msl_2014_125.pdf |
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| _version_ | 1849737633480048640 |
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| author | Maryam Shabani Naser Shams |
| author_facet | Maryam Shabani Naser Shams |
| author_sort | Maryam Shabani |
| collection | DOAJ |
| description | Measuring the relative performance of firms plays an important role for investment decisions. This research presents a systematic method to evaluate the performance of accepted investment companies listed on Tehran Stock Exchange. The analysis is based on a set of criteria that are determined by experts and the values of criteria’s are extracted from the actual data reported to stock exchange. The efficiency measurement carried out by value efficiency analysis, which is an extension of data Envelopment Analysis. Finally, according to the model’s results, the efficient investment companies are introduced and they are ranked based on the defined criteria. The preliminary results indicate that both methods are capable of providing appropriate rankings for different financial firms. |
| format | Article |
| id | doaj-art-8d84aeac33b04ac2bebba2bfccf4496f |
| institution | DOAJ |
| issn | 1923-2934 1923-9343 |
| language | English |
| publishDate | 2014-06-01 |
| publisher | Growing Science |
| record_format | Article |
| series | Management Science Letters |
| spelling | doaj-art-8d84aeac33b04ac2bebba2bfccf4496f2025-08-20T03:06:51ZengGrowing ScienceManagement Science Letters1923-29341923-93432014-06-01461229123210.5267/j.msl.2014.5.001Measuring the performance of accepted investment companies in Tehran’s stock exchange by value efficiency analysisMaryam ShabaniNaser ShamsMeasuring the relative performance of firms plays an important role for investment decisions. This research presents a systematic method to evaluate the performance of accepted investment companies listed on Tehran Stock Exchange. The analysis is based on a set of criteria that are determined by experts and the values of criteria’s are extracted from the actual data reported to stock exchange. The efficiency measurement carried out by value efficiency analysis, which is an extension of data Envelopment Analysis. Finally, according to the model’s results, the efficient investment companies are introduced and they are ranked based on the defined criteria. The preliminary results indicate that both methods are capable of providing appropriate rankings for different financial firms.http://www.growingscience.com/msl/Vol4/msl_2014_125.pdfValue efficiency analysisData Envelopment AnalysisInvestment companiesVEA |
| spellingShingle | Maryam Shabani Naser Shams Measuring the performance of accepted investment companies in Tehran’s stock exchange by value efficiency analysis Management Science Letters Value efficiency analysis Data Envelopment Analysis Investment companies VEA |
| title | Measuring the performance of accepted investment companies in Tehran’s stock exchange by value efficiency analysis |
| title_full | Measuring the performance of accepted investment companies in Tehran’s stock exchange by value efficiency analysis |
| title_fullStr | Measuring the performance of accepted investment companies in Tehran’s stock exchange by value efficiency analysis |
| title_full_unstemmed | Measuring the performance of accepted investment companies in Tehran’s stock exchange by value efficiency analysis |
| title_short | Measuring the performance of accepted investment companies in Tehran’s stock exchange by value efficiency analysis |
| title_sort | measuring the performance of accepted investment companies in tehran s stock exchange by value efficiency analysis |
| topic | Value efficiency analysis Data Envelopment Analysis Investment companies VEA |
| url | http://www.growingscience.com/msl/Vol4/msl_2014_125.pdf |
| work_keys_str_mv | AT maryamshabani measuringtheperformanceofacceptedinvestmentcompaniesintehransstockexchangebyvalueefficiencyanalysis AT nasershams measuringtheperformanceofacceptedinvestmentcompaniesintehransstockexchangebyvalueefficiencyanalysis |