IDEAS home Printed from https://ideas.repec.org/a/ids/ijidsc/v4y2012i1p19-47.html
   My bibliography  Save this article

Separating successful and unsuccessful firms using multiple attribute decision-making methods

Author

Listed:
  • Masumeh Danesh Shakib
  • Safar Fazli

Abstract

Due to less efficiency in Tehran Stock Market, the common methods employed for ranking firms are not reliable enough. In this paper, combined decision-making models are presented which can evaluate the companies' financial performance by means of financial ratios. One of the considered approaches is based on 'analytical hierarchy process (AHP)' and 'technique for order preference by similarity to ideal solution (TOPSIS)' and the other one, which is proposed similarly in this paper, is based on 'fuzzy analytical hierarchy process (FAHP)' and 'TOPSIS'. Comparisons of these methods would specify the similarities or differences between them and also examine the superiority of FAHP over AHP which is widely accepted as the result of using fuzzy numbers. These methods were applied for ranking and evaluating financial performances of cement firms in Tehran Stock Exchange using their financial tables from 2002 to 2008. Eventually through statistical tests, the results obtained from these methods and their powers were compared.

Suggested Citation

  • Masumeh Danesh Shakib & Safar Fazli, 2012. "Separating successful and unsuccessful firms using multiple attribute decision-making methods," International Journal of Information and Decision Sciences, Inderscience Enterprises Ltd, vol. 4(1), pages 19-47.
    • Handle: RePEc:ids:ijidsc:v:4:y:2012:i:1:p:19-47
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=45126
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijidsc:v:4:y:2012:i:1:p:19-47. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=306 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.