Applying TOPSIS Method to Evaluate the Business Operation Performance of Vietnam Listing Securities Companies

Stock market is still known as a new range in Vietnam, however now it becomes one of the main business lines in Vietnam. This study is targeted at the thirteen listing companies in the Vietnam Stock Market as the main investigation counter parties, which their business style are real estate, by usin...

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Bibliographic Details
Main Authors: Tien-Chin Wang, Jui-Fang Chang, Truong Ngoc Anh, Wan-Tseng Chang
Format: Conference Proceeding
Language:English
Subjects:
Analytical models
Companies
Financial Ratio
Investments
Multi-Criteria Analysis Model
Objective Weight
Performance analysis
Security
Stock markets
TOPSIS
Vietnam Stock Market
Online Access:Request full text
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Summary:Stock market is still known as a new range in Vietnam, however now it becomes one of the main business lines in Vietnam. This study is targeted at the thirteen listing companies in the Vietnam Stock Market as the main investigation counter parties, which their business style are real estate, by using the Inventory Turnover, Net Income Ratio, Earnings per Share and Current Ratio, Return on total assets (ROA), and Return on common Equity (ROE) these six financial ratios as the estimation standard, henceforth apply entropy method to work out the objective weights for each evaluation standard, and finally by using the TOPSIS method to measure the relative performance index of each project and sort the results. The method is addressed to those who prefer to select for a portfolio only the firms which demonstrate the closeness of their overall financial performance in the past year and help doing the investment strategic analysis.
DOI:10.1109/CASoN.2010.69