Contrarian Investment Strategy: an Empirical Test Based on Data Envelopment Analysis

Studied about profitability of contrarian investment strategy in the Iranian capital market can be classified in two classes: 1. researches based on historical returns, and 2. researches based on fundamental variables. This study using Data Envelopment Analysis (DEA) provides possibility that can hi...

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Autores principales:	Ahmad Badri, Sobhan Eskini
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2012
Materias:	overreaction contrarian investment strategy miss pricing data envelopment analysis Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/494cc5ab305641f3a0575840788338d4
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id	oai:doaj.org-article:494cc5ab305641f3a0575840788338d4
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spelling	oai:doaj.org-article:494cc5ab305641f3a0575840788338d42021-11-04T19:42:36ZContrarian Investment Strategy: an Empirical Test Based on Data Envelopment Analysis2008-89142476-292X10.22103/jak.2012.448https://doaj.org/article/494cc5ab305641f3a0575840788338d42012-11-01T00:00:00Zhttps://jak.uk.ac.ir/article_448_67649b031ed0083bb733eb933916b8d3.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XStudied about profitability of contrarian investment strategy in the Iranian capital market can be classified in two classes: 1. researches based on historical returns, and 2. researches based on fundamental variables. This study using Data Envelopment Analysis (DEA) provides possibility that can historical return variable and fundamental variables to be used simultaneously. We use portfolio study methodology. This study has done in three two-year periods in the Tehran Stock Exchange during 1385-1388 (Iranian Calendar). We find that contrarian investment strategy to obtain excess returns over all.Ahmad BadriSobhan EskiniShahid Bahonar University of Kermanarticleoverreactioncontrarian investment strategymiss pricingdata envelopment analysisAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 3, Iss 10, Pp 137-156 (2012)
institution	DOAJ
collection	DOAJ
language	FA
topic	overreaction contrarian investment strategy miss pricing data envelopment analysis Accounting. Bookkeeping HF5601-5689
spellingShingle	overreaction contrarian investment strategy miss pricing data envelopment analysis Accounting. Bookkeeping HF5601-5689 Ahmad Badri Sobhan Eskini Contrarian Investment Strategy: an Empirical Test Based on Data Envelopment Analysis
description	Studied about profitability of contrarian investment strategy in the Iranian capital market can be classified in two classes: 1. researches based on historical returns, and 2. researches based on fundamental variables. This study using Data Envelopment Analysis (DEA) provides possibility that can historical return variable and fundamental variables to be used simultaneously. We use portfolio study methodology. This study has done in three two-year periods in the Tehran Stock Exchange during 1385-1388 (Iranian Calendar). We find that contrarian investment strategy to obtain excess returns over all.
format	article
author	Ahmad Badri Sobhan Eskini
author_facet	Ahmad Badri Sobhan Eskini
author_sort	Ahmad Badri
title	Contrarian Investment Strategy: an Empirical Test Based on Data Envelopment Analysis
title_short	Contrarian Investment Strategy: an Empirical Test Based on Data Envelopment Analysis
title_full	Contrarian Investment Strategy: an Empirical Test Based on Data Envelopment Analysis
title_fullStr	Contrarian Investment Strategy: an Empirical Test Based on Data Envelopment Analysis
title_full_unstemmed	Contrarian Investment Strategy: an Empirical Test Based on Data Envelopment Analysis
title_sort	contrarian investment strategy: an empirical test based on data envelopment analysis
publisher	Shahid Bahonar University of Kerman
publishDate	2012
url	https://doaj.org/article/494cc5ab305641f3a0575840788338d4
work_keys_str_mv	AT ahmadbadri contrarianinvestmentstrategyanempiricaltestbasedondataenvelopmentanalysis AT sobhaneskini contrarianinvestmentstrategyanempiricaltestbasedondataenvelopmentanalysis
_version_	1718444646351241216

Contrarian Investment Strategy: an Empirical Test Based on Data Envelopment Analysis

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