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dc.contributor.authorShen, Kao-Yien_US
dc.contributor.authorYan, Min-Renen_US
dc.contributor.authorTzeng, Gwo-Hshiungen_US
dc.date.accessioned2014-12-08T15:35:56Z-
dc.date.available2014-12-08T15:35:56Z-
dc.date.issued2014-03-01en_US
dc.identifier.issn0950-7051en_US
dc.identifier.urihttp://dx.doi.org/10.1016/j.knosys.2013.07.023en_US
dc.identifier.urihttp://hdl.handle.net/11536/24301-
dc.description.abstractThis study proposes a multiple attributes decision making (MADM) method for solving glamor stock selection problem based on fundamental analysis. Traditional analyzes rely on choosing key financial ratios in making comparison, or by observing the trends of change in various financial variables (also termed as criteria or signals in this study). However, most of the criteria for stock selection have interdependent/interactive characteristics. In practice, investors often have to make compromising decisions when target stocks indicate conflicting performance outcomes in different criteria. Traditional methods have difficulty in making decision while facing inter-dependent criteria and compromise alternatives. Thus, this study proposes a combined MADM method to retrieve financial experts' knowledge for glamor stock selection. The proposed method not only helps to identify the ideal glamor stock, but the pertaining insights may also be used for the management teams of glamor stocks to prioritize their improvement plans. In addition, this study provides an empirical case in analyzing five glamor stocks of semiconductor industry in Taiwan. The result indicates that the proposed method for glamor stock selection is effective and provides meaningful implications for investors and management teams to refer. The selected top ranking stock consistently outperformed the other four glamor stocks in 32 month and 44 month holding periods from May 2009 to December 2012 with statistical significance, which indicated the effectiveness of the proposed model. (C) 2013 Elsevier B.V. All rights reserved.en_US
dc.language.isoen_USen_US
dc.subjectStock selectionen_US
dc.subjectGrowth stock investingen_US
dc.subjectFundamental analysis (FA)en_US
dc.subjectDecision-making trial and evaluationen_US
dc.subjectlaboratory (DEMATEL)en_US
dc.subjectMultiple attributes decision makingen_US
dc.subject(MADM)en_US
dc.subjectVIKORen_US
dc.subjectDEMATEL-based analytical network processen_US
dc.subject(DANP)en_US
dc.titleCombining VIKOR-DANP model for glamor stock selection and stock performance improvementen_US
dc.typeArticleen_US
dc.identifier.doi10.1016/j.knosys.2013.07.023en_US
dc.identifier.journalKNOWLEDGE-BASED SYSTEMSen_US
dc.citation.volume58en_US
dc.citation.issueen_US
dc.citation.spage86en_US
dc.citation.epage97en_US
dc.contributor.department科技管理研究所zh_TW
dc.contributor.departmentInstitute of Management of Technologyen_US
dc.identifier.wosnumberWOS:000333999000010-
dc.citation.woscount4-
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