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Stock evaluation using a preference disaggregation methodology

Zopounidis Konstantinos, Zanakis, Stelios, Doumpos, Michael

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URIhttp://purl.tuc.gr/dl/dias/42B5D953-0DCD-4B0D-A675-1B60246D1B4B-
Identifierhttps://doi.org/10.1111/j.1540-5915.1999.tb01612.x-
Languageen-
Extent24 pagesen
TitleStock evaluation using a preference disaggregation methodologyen
CreatorZopounidis Konstantinosen
CreatorΖοπουνιδης Κωνσταντινοςel
CreatorZanakis, Steliosen
CreatorDoumpos, Michaelen
Content SummaryThis paper presents a real application of a multicriteria decision aid (MCDA) approach to portfolio selection based on preference disaggregation, using ordinal regression and linear programming (UTADIS method; UTilités Additives DIScriminantes). The additive utility functions that are derived through this approach have the extrapolation ability that any new alternative (share) can be easily evaluated and classified into one of several user-predefined groups. The procedure is illustrated with a case study of 98 stocks from the Athens stock exchange, using 15 criteria. The results are encouraging, indicating that the proposed methodology could be used as a tool for the analysis of the portfolio managers' preferences and choices. Furthermore, the comparison with multiple discriminant analysis (either using a stepwise procedure or not) illustrates the superiority of the proposed methodology over a well-known multivariate statistical technique that has been extensively used to study financial decision-making problems. en
Type of ItemPeer-Reviewed Journal Publicationen
Type of ItemΔημοσίευση σε Περιοδικό με Κριτέςel
Licensehttp://creativecommons.org/licenses/by/4.0/en
Date of Item2015-10-27-
Date of Publication2007-
SubjectCapability, Financial (Financial literacy)en
SubjectFinancial capability (Financial literacy)en
SubjectLiteracy, Financialen
Subjectfinancial literacyen
Subjectcapability financial financial literacyen
Subjectfinancial capability financial literacyen
Subjectliteracy financialen
Bibliographic CitationC. Zopounidis, M. Doumpos ,S.H. Zanakis ," Stock evaluation using a preference disaggregation methodology," Decision Sc., vol. 30, no. 2, pp. 313-336,1999.doi:10.1111/j.1540-5915.1999.tb01612.xen

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