scholarly journals Analysis and classification of companies on Tehran Stock Exchange with Incomplete Information

Author(s):  
Alireza Komeili Birjandi ◽  
Sanaz Dehmolaee ◽  
Reza Sheikh ◽  
Shib Sankar Sana

Due to uncertainty and large number of companies in financial market, it has become difficult to choose the right stock to investments. Identifying and classifying stocks using fundamental criteria help investors to better understand the risks involved in selecting companies and better manage their own capital, thereby rapidly and accurately choose their preferred stock and make more secure profit. The main concern that capital market investors are facing difficulty to choosing the right stock despite the uncertainties in the market. Uncertainties in the market that lead to incomplete information are presented in this article to complete the reciprocal preference relation method. The purpose of this paper is to present a method for completing information to reduce the uncertainties in the market and finally classify companies in each industry based on fundamental criteria. The classification method used is acceptability / reject ability which is based on distance fuzzy analysis yields more accurate results. Finally, a case study on one of the most critical industries in Tehran Stock Exchange is presented to show the effectiveness of the proposed approach.

2018 ◽  
Vol 10 (4) ◽  
pp. 253-262 ◽  
Author(s):  
David J. Staley

This article will describe how historians can teach the future of technology. Historians need not alter their traditional methods of historical inquiry to teach the future, and indeed the history classroom is a natural site for foresight education. Historical inquiry begins with questions, and futuring similarly begins with asking the right questions. The historian seeks out evidence, and futurists as well identify drivers and blockers, considering how these drivers and blockers will interact with each other. In contrast to social scientists, historians work with imperfect or incomplete information, an apt description of the state of our evidence about the future. In a manner similar to historians, futurists interpret and draw inferences from evidence. After the research an analysis of the evidence is complete, the historian/futurist writes representations. This article will describe how I employed the historical method to teach the future of technology in a history research seminar, the results produced by the students, and ways that the study of the future can be situated in the history classroom.


Author(s):  
Ni Putu Linsia Dewi ◽  
Ica Rika Candraningrat

Rights issue or the issuance of pre-emptive rights are the rights granted by an issuer company made to its existing shareholders to buy new shares issued within a predetermined period of time. This study aims to empirically explain the differences in abnormal returns before and after the announcement of the rights issue and to determine the form of capital market efficiency in Indonesia. Data are collected from 27 listed companies in the Indonesia Stock Exchange (IDX) that conducted a rights issue in 2014-2018. The data analysis technique used is the Kolmogorov-Smirnov Normality Test and the Parametric Statistical Test with a paired sample t-test. Based on the results of hypothesis testing not found differences in abnormal returns both before and after the announcement date indicating the market does not react to the right issue event. The results of statistical tests show a downward trend of abnormal return which is proxied in the Cumulative Abnormal Return (CAR), implying a market tends to react negatively to the announcement of the rights issue. Rights issue information causes a new equilibrium price adjustment in the market, thus making the form of efficiency of the Indonesian capital market a semi-strong form.


Author(s):  
Heni Sulistiani ◽  
Ahmad Ari Aldino

In pandemic era, almost everyone struggles for their life. College students are such example. They have difficulty in paying tuition fee to continue their study. Based on this problematic situation, Universitas Teknokrat Indonesia grants the students who have good academic performance with tuition fee aid program. Many variables used for determining the grant made it hard to make a decision in a short time or even takes very long time. To make it easier for management to decide who is the right student to get grant, it needs classification model. The purpose of this study is the classification of grant recipients by using decision tree C4.5 algorithm. That can determine whether a potential student can be accepted as an awardee or not. Then, the results of the classification are validated with ten-fold cross validation with an accuracy, precision and recall with the score of 87 % for all part. It means the model perform quite well to be implemented into system.


Author(s):  
Elena A. Kozlova ◽  

The article deals with the concept of hypnotic metaphor in psychiatry and linguistics and explores its application in the situation of public teaching discourse. The right-hemisphere mechanisms of perception are considered in order to detect sensory images, represented in the universal object code, since the processes of mastering the facts, which are based on similarity, adjacency, imagery, take place in the right hemisphere. The connection of mirror neurons with metaphorical thinking is assumed. The classification of metaphor types in psychotherapeutic literature is given. The article analyzes the performance of modern speaker-coaches, given as lectures, trainings, conversations and designed to effectively change the emotional mood and categorical constructs of listeners. Otherwise, listeners simply will not buy tickets for these events. It is concluded that modern lecture trainings are a kind of group psychotherapy session. Information is fed in a ‘live stream’ of right-hemisphere mechanisms involving mirror neurons. Coach rhetoric is a system of metaphors that are archetypes of consciousness and are part of the basic layer of the conceptual framework.


Author(s):  
Joanna Małecka

Small and medium-sized enterprises are the foundation for the development of each contemporary national economy. Their number affects macroeconomic indices of economies and directly translates into the labour market created by SMEs. This article aims to investigate the key conditionings behind the macroeconomic significance and legal factors of the financial market operation in Poland and the UK, with particular emphasis on the stock exchange as the fundamental element of the capital market. Both AIM and NewConnect are platforms dedicated to SMEs, which have been allowed easier access to this capital market segment by minimising mandatory legal conditions. This study analyses the number of listed companies and their capitalisation values in 1999–2015, covering: the rules of the financial market operation, with a special focus on the legal bases of the stock market operation in the economies investigated; legal conditions for the development of this economic segment; and a detailed analysis of the number of participants and capitalisation values achieved on the Warsaw and London Stock Exchanges, in particular AIM and NewConnect. This paper builds on source data from various annual reports and stock exchange publications drawn up and made available by stock exchanges and financial supervisors. The attempt to compare the indices and capacities of the WSE and the NC with the biggest European player is motivated by the fact that the Warsaw Stock Exchange is classified as the largest and most dynamically growing stock exchange in Central and Eastern Europe.


2018 ◽  
Vol 47 (3) ◽  
pp. 167-195 ◽  
Author(s):  
John Kong Shan Ho

The request of Alibaba, China’s largest e-commerce company, to allow a self-selected group of its past and present management known as the ‘partners’ the right to nominate a majority of the directors in its negotiation with the Hong Kong Stock Exchange (HKEx) for an initial public offering (IPO) in 2013 reignited a new round of debate over the one share, one vote policy, which has survived for three decades in Hong Kong. Alibaba’s IPO application to list on the HKEx was eventually rejected which ultimately led to the company’s decision to list on the New York Stock Exchange. In late 2017, the debate on whether companies with dual-class share (DCS) structure should be allowed to list in Hong Kong re-emerged as the HKEx has announced that it would amend its listing rules to enable companies with DCS structure to list on its exchange, subject to certain safeguards and restrictions. This article examines what measures Hong Kong could adopt to allow companies with DCS structure to list on its exchange despite legal and institutional shortcomings of its financial market. In doing so, it will also make reference to other major financial markets in the world and examine how other jurisdictions have handled the issue of DCS structure companies.


Equilibrium ◽  
2012 ◽  
Vol 7 (2) ◽  
pp. 59-76 ◽  
Author(s):  
Danuta Dziawgo

The aim of the elaboration is to draw attention to selected aspects of investor relations importance for capital market functioning to increase the quality of communication with investors in the global financial market. The article presents the importance of investor relations from a macroeconomic and microeconomic point of view. The theory was complemented with selected surveys results.The surveys were conducted by the author on a sample of individual investors, stock-quoted companies and sell-side analysts on Polish capital market between June 2009 – March 2010. In the article, description method, comparison method, case study and questionnaire method were used.


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