Credit Rating in Terms of Financial Ability to Pay the Principle and Interest on Debts, Using Data Envelopment Analysis Techniques (Case Study: Companies Listed in Tehran Stock Exchange)

The purpose of this study is to determine the credit rating of companies listed in Tehran Stock Exchange, using data envelopment analysis, DEA, technique. The DEA technique is a method of determining relative efficiency for the surveyed entities. Using this technique, the relative credit efficiency...

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Autores principales:	Hamid Mahmoud Abadi, Ali Ghayouri Moghaddam
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2011
Materias:	credit ranking debt payment ability efficiency tehran stock exchange Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/5cf327f697e346458f56b871c3614861
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spelling	oai:doaj.org-article:5cf327f697e346458f56b871c36148612021-11-04T19:40:25ZCredit Rating in Terms of Financial Ability to Pay the Principle and Interest on Debts, Using Data Envelopment Analysis Techniques (Case Study: Companies Listed in Tehran Stock Exchange)2008-89142476-292X10.22103/jak.2011.37https://doaj.org/article/5cf327f697e346458f56b871c36148612011-01-01T00:00:00Zhttps://jak.uk.ac.ir/article_37_90f494c01f9c619eaaeaf4da02e6c9dc.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThe purpose of this study is to determine the credit rating of companies listed in Tehran Stock Exchange, using data envelopment analysis, DEA, technique. The DEA technique is a method of determining relative efficiency for the surveyed entities. Using this technique, the relative credit efficiency of the surveyed companies is calculated and then the credit rating of them, at total level, is determined. The statistical population in this research includes 281 companies for the period of 1385 to 1387. To provide credit rating of the surveyed companies, the data envelopment analysis technique included 2 inputs and 6 outputs that were selected from financial ratios. Research results encompass the credit rating of the surveyed companies that assigned ranks from AAA to D to them. The closer this rank to D, the financial ability decreases and the closer this rank to AAA, the financial ability increases. The results were consistent with the traditional analysis of ratios so that, a company, for example, with a “D” rate assigned to it, using traditional ratio analysis, was also in the worst financial position in comparison with the other surveyed companies, regarding the financial ability to pay debts.Hamid Mahmoud AbadiAli Ghayouri MoghaddamShahid Bahonar University of Kermanarticlecredit rankingdebt payment abilityefficiencytehran stock exchangeAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 2, Iss 4, Pp 125-145 (2011)
institution	DOAJ
collection	DOAJ
language	FA
topic	credit ranking debt payment ability efficiency tehran stock exchange Accounting. Bookkeeping HF5601-5689
spellingShingle	credit ranking debt payment ability efficiency tehran stock exchange Accounting. Bookkeeping HF5601-5689 Hamid Mahmoud Abadi Ali Ghayouri Moghaddam Credit Rating in Terms of Financial Ability to Pay the Principle and Interest on Debts, Using Data Envelopment Analysis Techniques (Case Study: Companies Listed in Tehran Stock Exchange)
description	The purpose of this study is to determine the credit rating of companies listed in Tehran Stock Exchange, using data envelopment analysis, DEA, technique. The DEA technique is a method of determining relative efficiency for the surveyed entities. Using this technique, the relative credit efficiency of the surveyed companies is calculated and then the credit rating of them, at total level, is determined. The statistical population in this research includes 281 companies for the period of 1385 to 1387. To provide credit rating of the surveyed companies, the data envelopment analysis technique included 2 inputs and 6 outputs that were selected from financial ratios. Research results encompass the credit rating of the surveyed companies that assigned ranks from AAA to D to them. The closer this rank to D, the financial ability decreases and the closer this rank to AAA, the financial ability increases. The results were consistent with the traditional analysis of ratios so that, a company, for example, with a “D” rate assigned to it, using traditional ratio analysis, was also in the worst financial position in comparison with the other surveyed companies, regarding the financial ability to pay debts.
format	article
author	Hamid Mahmoud Abadi Ali Ghayouri Moghaddam
author_facet	Hamid Mahmoud Abadi Ali Ghayouri Moghaddam
author_sort	Hamid Mahmoud Abadi
title	Credit Rating in Terms of Financial Ability to Pay the Principle and Interest on Debts, Using Data Envelopment Analysis Techniques (Case Study: Companies Listed in Tehran Stock Exchange)
title_short	Credit Rating in Terms of Financial Ability to Pay the Principle and Interest on Debts, Using Data Envelopment Analysis Techniques (Case Study: Companies Listed in Tehran Stock Exchange)
title_full	Credit Rating in Terms of Financial Ability to Pay the Principle and Interest on Debts, Using Data Envelopment Analysis Techniques (Case Study: Companies Listed in Tehran Stock Exchange)
title_fullStr	Credit Rating in Terms of Financial Ability to Pay the Principle and Interest on Debts, Using Data Envelopment Analysis Techniques (Case Study: Companies Listed in Tehran Stock Exchange)
title_full_unstemmed	Credit Rating in Terms of Financial Ability to Pay the Principle and Interest on Debts, Using Data Envelopment Analysis Techniques (Case Study: Companies Listed in Tehran Stock Exchange)
title_sort	credit rating in terms of financial ability to pay the principle and interest on debts, using data envelopment analysis techniques (case study: companies listed in tehran stock exchange)
publisher	Shahid Bahonar University of Kerman
publishDate	2011
url	https://doaj.org/article/5cf327f697e346458f56b871c3614861
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Credit Rating in Terms of Financial Ability to Pay the Principle and Interest on Debts, Using Data Envelopment Analysis Techniques (Case Study: Companies Listed in Tehran Stock Exchange)

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