Institutional Repository
Technical University of Crete
Technical University of Crete
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EL
| URI | http://purl.tuc.gr/dl/dias/42B5D953-0DCD-4B0D-A675-1B60246D1B4B | - |
| Identifier | https://doi.org/10.1111/j.1540-5915.1999.tb01612.x | - |
| Language | en | - |
| Extent | 24 pages | en |
| Title | Stock evaluation using a preference disaggregation methodology | en |
| Creator | Zopounidis Konstantinos | en |
| Creator | Ζοπουνιδης Κωνσταντινος | el |
| Creator | Zanakis, Stelios | en |
| Creator | Doumpos, Michael | en |
| Content Summary | This 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 Item | Peer-Reviewed Journal Publication | en |
| Type of Item | Δημοσίευση σε Περιοδικό με Κριτές | el |
| License | http://creativecommons.org/licenses/by/4.0/ | en |
| Date of Item | 2015-10-27 | - |
| Date of Publication | 2007 | - |
| Subject | Capability, Financial (Financial literacy) | en |
| Subject | Financial capability (Financial literacy) | en |
| Subject | Literacy, Financial | en |
| Subject | financial literacy | en |
| Subject | capability financial financial literacy | en |
| Subject | financial capability financial literacy | en |
| Subject | literacy financial | en |
| Bibliographic Citation | C. 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.x | en |
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