An application of multiple attribute group decision making in ranking investors’ concerns: A case study of Tehran Stock Exchange

Mohammadzadeh, A.; Hamidi, N.; Abedi, S.; Jabari, F.

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Management Science Letters

ISSN 1923-9343 (Online) - ISSN 1923-9335 (Print) Quarterly Publication Volume 3 Issue 2 pp. 457-462 , 2013

An application of multiple attribute group decision making in ranking investors’ concerns: A case study of Tehran Stock Exchange Pages 457-462 Download PDF

Authors: Amir Mohammadzadeh, Naser Hamidi, Sadegh Abedi, Fehimeh Jabari

DOI: 10.5267/j.msl.2013.01.001

Keywords: Barriers, Borda method, Tehran Stock Exchange

Abstract: During the past few years, stock exchange investors confront numerous problems in terms of legal, environmental issues, etc. In this paper, we present an empirical study to detect important issues as barriers for investment in Tehran Stock Exchange. The study has categorized the issues into two groups of real world and legal issues. Since there are different issues involved as major barriers, the study uses analytical hierarchy process to rank them. The study extracts 18 important factors, which influence investors’ participation in Tehran Stock Exchange and using Borda method, prioritize them. The results of the survey indicate that in terms of real issues, Increase in quality of firms Financial Statement is number one priority followed by Increase stock exchange and agents’ proficiency and electronic equipment, Unchangeable investment market rules and bounding organization managers to flow them and Strict supervision on agents’ activities. In terms of legal issues, good supervision of provisions to force firms to reveal information correctly and restrict their secret bargaining is the most important factor followed by Using indirect investment guideline instead of direct investment, Increase in quality of firms’ Financial Statement and Investors’ training toward their rights.

How to cite this paper

 Mohammadzadeh, A., Hamidi, N., Abedi, S & Jabari, F. (2013). An application of multiple attribute group decision making in ranking investors’ concerns: A case study of Tehran Stock Exchange.Management Science Letters , 3(2), 457-462.

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