Evaluating Efficiency and Relative Performance of Firms by Data Envelopment Analysis Approach for Making Portfolio

Abstract Determining efficiency of an institution and comparison with other institutions can help the stockholders to achieve their investment goals. The purpose of this study is formation of portfolio from efficient firms, using data envelopment analysis approach for earning return more than the ma...

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Autores principales:	Hasan Ali Sinaei, Rasoul Goshtasbi
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2013
Materias:	data envelopment analysis (dea) return to scale efficient portfolio size effect Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/7c1100d4efe345ed86448ec67ea046dd
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spelling	oai:doaj.org-article:7c1100d4efe345ed86448ec67ea046dd2021-11-04T19:43:23ZEvaluating Efficiency and Relative Performance of Firms by Data Envelopment Analysis Approach for Making Portfolio2008-89142476-292X10.22103/jak.2013.506https://doaj.org/article/7c1100d4efe345ed86448ec67ea046dd2013-02-01T00:00:00Zhttps://jak.uk.ac.ir/article_506_e3fcad13b546d577804d96aac329d28a.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XAbstract Determining efficiency of an institution and comparison with other institutions can help the stockholders to achieve their investment goals. The purpose of this study is formation of portfolio from efficient firms, using data envelopment analysis approach for earning return more than the market average return. In this study, the input oriented and output oriented models were applied to the conditions regarding constant return scale (CCR) and variable return scale (BCC). Also, in this study the hypothesis that portfolios composed of small companies have better performance than the industry average was examined. The results show that, using CCR method, return more than the market average return cannot be gained, but, using BCC method, return more than the market average could be gained. In addition, comparing the results from portfolios, using size measure, showed that portfolios composed of small firms gained return more than the market average return and created appropriate performance. In this study to measure the performance of portfolios, William Sharp criteria were used.Hasan Ali SinaeiRasoul GoshtasbiShahid Bahonar University of Kermanarticledata envelopment analysis (dea)return to scaleefficient portfoliosize effectAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 3, Iss 11, Pp 105-132 (2013)
institution	DOAJ
collection	DOAJ
language	FA
topic	data envelopment analysis (dea) return to scale efficient portfolio size effect Accounting. Bookkeeping HF5601-5689
spellingShingle	data envelopment analysis (dea) return to scale efficient portfolio size effect Accounting. Bookkeeping HF5601-5689 Hasan Ali Sinaei Rasoul Goshtasbi Evaluating Efficiency and Relative Performance of Firms by Data Envelopment Analysis Approach for Making Portfolio
description	Abstract Determining efficiency of an institution and comparison with other institutions can help the stockholders to achieve their investment goals. The purpose of this study is formation of portfolio from efficient firms, using data envelopment analysis approach for earning return more than the market average return. In this study, the input oriented and output oriented models were applied to the conditions regarding constant return scale (CCR) and variable return scale (BCC). Also, in this study the hypothesis that portfolios composed of small companies have better performance than the industry average was examined. The results show that, using CCR method, return more than the market average return cannot be gained, but, using BCC method, return more than the market average could be gained. In addition, comparing the results from portfolios, using size measure, showed that portfolios composed of small firms gained return more than the market average return and created appropriate performance. In this study to measure the performance of portfolios, William Sharp criteria were used.
format	article
author	Hasan Ali Sinaei Rasoul Goshtasbi
author_facet	Hasan Ali Sinaei Rasoul Goshtasbi
author_sort	Hasan Ali Sinaei
title	Evaluating Efficiency and Relative Performance of Firms by Data Envelopment Analysis Approach for Making Portfolio
title_short	Evaluating Efficiency and Relative Performance of Firms by Data Envelopment Analysis Approach for Making Portfolio
title_full	Evaluating Efficiency and Relative Performance of Firms by Data Envelopment Analysis Approach for Making Portfolio
title_fullStr	Evaluating Efficiency and Relative Performance of Firms by Data Envelopment Analysis Approach for Making Portfolio
title_full_unstemmed	Evaluating Efficiency and Relative Performance of Firms by Data Envelopment Analysis Approach for Making Portfolio
title_sort	evaluating efficiency and relative performance of firms by data envelopment analysis approach for making portfolio
publisher	Shahid Bahonar University of Kerman
publishDate	2013
url	https://doaj.org/article/7c1100d4efe345ed86448ec67ea046dd
work_keys_str_mv	AT hasanalisinaei evaluatingefficiencyandrelativeperformanceoffirmsbydataenvelopmentanalysisapproachformakingportfolio AT rasoulgoshtasbi evaluatingefficiencyandrelativeperformanceoffirmsbydataenvelopmentanalysisapproachformakingportfolio
_version_	1718444660207124480

Evaluating Efficiency and Relative Performance of Firms by Data Envelopment Analysis Approach for Making Portfolio

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