Optimal Stock Selection Based on Gordon Model Development Using a Decision Approach Several Fuzzy Criteria

Document Type : Original Article

Authors

1 Assistant Professor of Islamic Azad University Damavand, Damavand, Iran

2 Ph.D. of Accounting at Islamic Azad University Damavand, Damavand Iran

10.22034/iaar.2022.151100

Abstract

Choosing the right basket of stocks that has the highest returns has always been a concern for real and legal investors. Therefore, the present study, by developing Gordon's view and using mixed fuzzy multi-criteria decision making, identifies effective factors and determines the relative weight of dividends, discount rate, and dividend growth rate. The purpose of this research is to develop a multi-criteria decision-making model to provide investors with the criteria to obtain higher returns by choosing the optimal portfolio of portfolios. The purpose of this study is to develop a multi-criteria decision making model in order to provide criteria for investors in order to obtain higher returns by selecting a more optimal portfolio of portfolios. The general objective of the research is to determine the effective measures on stock selection in Tehran Stock Exchange using an integrated model (DEAMATEL). The order of effectiveness and efficacy of the main metrics with Dimetal has shown that the profit criterion has the most interaction with other criteria. Then, in terms of MPO, Market, Risk, Growth criteria, they are ranked next in terms of interacting with other criteria.

Keywords

Accounting and Auditing Research
Volume 14, Issue 53
April 2022
Pages 81-96

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