Credit Evaluation of Accepted Companies in Tehran Stock Exchange Using Topsis-Fuzzy Technique

International Journal of Empirical Finance, Vol. 4, No. 5, 2015, 291-297

7 Pages Posted: 14 Sep 2015

See all articles by Ahmadreza Maserat

Ahmadreza Maserat

Islamic Azad University (IAU) - Torbate-Jam Branch

Hamed Haghtalab

Islamic Azad University (IAU) - Torbate-Jam Branch

Amir Shams Koloukhi

Islamic Azad University - Young Researchers and Elites Club

Dr.Hossein Parsian

Plan and Budget organization of Iran

Date Written: September 1, 2015

Abstract

The lack of having a proper tool for evaluating companies’ ability in paying debts is a reason which creates problem for managing credit risk. This study introduces Topsis technique for evaluating the risk of not paying debts and credit ranking of manufacturing companies in Tehran Stock Exchange. Results showed that using Topsis technique can remove extant shortcomings in ranking industry of Iran which has fallen behind its counterparts such as Malaysia, India, and Pakistan. One advantage of this technique for increasing information asymmetry of investors, creditors and efficiency level of capital market of Iran is an important part of economic sections. Performing Topsis technique assisted determining companies with the highest scores in paying debts in due time, identifying the rank of each company regarding calculated score and their ranking.

Keywords: Credit Evaluation, Tehran Stock Exchange, Topsis-Fuzzy Technique

JEL Classification: D04, G10

Suggested Citation

Maserat, Ahmadreza and Haghtalab, Hamed and Shams Koloukhi, Amir and Parsian, Hossein, Credit Evaluation of Accepted Companies in Tehran Stock Exchange Using Topsis-Fuzzy Technique (September 1, 2015). International Journal of Empirical Finance, Vol. 4, No. 5, 2015, 291-297, Available at SSRN: https://ssrn.com/abstract=2659727

Ahmadreza Maserat

Islamic Azad University (IAU) - Torbate-Jam Branch ( email )

No.1, zakaria shomali 7,piroozi ST.
mashhad
Iran

Hamed Haghtalab

Islamic Azad University (IAU) - Torbate-Jam Branch ( email )

No.1, zakaria shomali 7,piroozi ST.
mashhad
Iran

Amir Shams Koloukhi

Islamic Azad University - Young Researchers and Elites Club ( email )

Torbat-e-Jam Branch
Torbat-e-Jam
Iran

Hossein Parsian (Contact Author)

Plan and Budget organization of Iran ( email )

Tehran, Tehran
Iran

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
32
Abstract Views
437
PlumX Metrics