Common stock portfolio selection: A multiple criteria decision making methodology and an application to the Athens Stock Exchange

Xidonas, P; Askounis, D; Psarras, J

dc.contributor.author	Xidonas, P	en
dc.contributor.author	Askounis, D	en
dc.contributor.author	Psarras, J	en
dc.date.accessioned	2014-03-01T02:46:03Z
dc.date.available	2014-03-01T02:46:03Z
dc.date.issued	2009	en
dc.identifier.issn	11092858	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/32514
dc.subject	Corporate evaluation	en
dc.subject	Multiple criteria decision making	en
dc.subject	Outranking relations theory	en
dc.subject	Portfolio construction	en
dc.subject	Portfolio evaluation	en
dc.subject	Portfolio optimization	en
dc.subject	Stock evaluation	en
dc.title	Common stock portfolio selection: A multiple criteria decision making methodology and an application to the Athens Stock Exchange	en
heal.type	conferenceItem	en
heal.identifier.primary	10.1007/s12351-008-0027-1	en
heal.identifier.secondary	http://dx.doi.org/10.1007/s12351-008-0027-1	en
heal.publicationDate	2009	en
heal.abstract	An integrated multiple-criteria methodological framework is proposed to support decisions that concern the selection of common stock portfolios. At the first stage of the methodology, two multiple-criteria methods are employed, within the context of the outranking relations theory, towards the initial appraisal of the stocks that are examined. We then utilize a non-linear optimization model, to generate portfolios that consist of the stocks that are classified as those with the optimal characteristics, during of the first stage. Finally, the portfolios designed at the previous stage are evaluated by using a wide set of well-known sophisticated evaluation criteria. The preferences and experiences of professionals and experts in the field of portfolio management were taken into consideration, through all the stages of the process. The validity of the above methodology is tested through a large scale illustrative application on the stocks that constitute the FTSE-140 index of the Athens Stock Exchange. The advantages of the proposed model against contextual approaches are finally stressed. © 2008 Springer-Verlag.	en
heal.journalName	Operational Research	en
dc.identifier.doi	10.1007/s12351-008-0027-1	en
dc.identifier.volume	9	en
dc.identifier.issue	1	en
dc.identifier.spage	55	en
dc.identifier.epage	79	en