Stock Selection

Panos Xidonas, George Mavrotas, Theodore Krintas, John Psarras and Constantin Zopounidis
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Panos Xidonas: National Technical University of Athens
George Mavrotas: National Technical University of Athens
Theodore Krintas: Attica Wealth Management
John Psarras: National Technical University of Athens
Constantin Zopounidis: Technical University of Crete

Chapter Chapter 3 in Multicriteria Portfolio Management, 2012, pp 23-55 from Springer

Abstract: Abstract This chapter primarily addresses security analysis and evaluation. We develop a multicriteria methodology for equity selection, exploiting the valuable tool of financial analysis (FA), which is the most appropriate evaluation approach regarding investment decisions within a long-term horizon. FA involves identifying the strengths and weaknesses of firms, mainly through judgmental procedures. The latter address the qualitative evaluation and interpretation of financial ratios as they arise from accounting statements. FA can also be viewed as the activity of providing input during the portfolio construction phase because it entails the process of analyzing the special characteristics of securities and corresponding firms, leading to final selection recommendations.

Keywords: Analytical Hierarchy Process; Corporate Performance; Financial Ratio; Portfolio Selection Problem; Assignment Procedure (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spochp:978-1-4614-3670-6_3

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DOI: 10.1007/978-1-4614-3670-6_3

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