Evaluation of Firm Ranking Based on Accounting and Non Accounting Data and Comparing It with Firm Ranking in Tehran Stock Exchange

Autor: Sassan Mehrani, Ph.D, Hamidreza Ganji, Arash Tahriri, Mohammad Reza Asgari
Jazyk: perština
Rok vydání: 2009
Předmět:
Zdroj: مجله توسعه و سرمایه, Vol 2, Iss 1, Pp 7-32 (2009)
Druh dokumentu: article
ISSN: 2008-2428
2645-3606
DOI: 10.22103/jdc.2009.1899
Popis: Developing of capital markets causes creation and extension of financial service firms and one of the services that these firms offer is securities and firms ranking. In this study, Tehran Stock Exchange (TSE) variables in firm ranking (Top 50 firms announcements) are compared with some different financial and none financial performance evaluation criteria. The main purpose of the research is to determine that if a firm which has a high rank according to TSE announcement, has a high position according to the financial and none financial standards or not. The results of hypothesis testing and correlation analysis show that there is a weak correlation between firms ranking based of TSE charts and firm ranking based of considerable variables in this research and these correlations often is insignificant. This refers that TSE ranking is not parallel with firm ranking based on the research considerable variables.
Databáze: Directory of Open Access Journals