Accounting and Auditing Studies

Accounting and Auditing Studies

Providing an Approach to Comprehensive Comparison and Ranking of Companies Using the AHP-PROMETHEE; A Case Study of Petrochemical Companies Listed On the Tehran Stock Exchange

Document Type : Original Article

Authors
Neda Keshavarzian 1
Mohammad Javad Sheikh 2
Reza Abbasi 3
1 Student of Master of Business Management, Shahed University, Tehran
2 Accounting PhD, Assistant Professor at Shahed University, Tehran
3 Industrial Management, Assistant Professor at Shahed University, Tehran
Abstract
Financial performance evaluation is an important tool for ranking companies in the present competitive environment. Performance evaluation is a tool to identify ambiguous points and weaknesses of the companies prior to dealing with serious problems. The financial structure is known as the most important effective parameter in rating a company's investment decisions. The present study evaluated the financial performances of six petrochemical companies listed in Tehran Stock Exchange on a 5years period an AHP-PROMETHEE hybrid method considering 6 main criteria and 48 sub-criteria.
Keywords
Performance Evaluation
PROMETHEE
Hybrid Method
Petrochemical Companies
Accounting and Auditing Studies
Volume 8, Issue 30
Summer 2019
Pages 91-108