DETERMINING THE OPTIMAL CAPITAL STRUCTURE USING THE INDICES OF VALUE-BASED PERFORMANCE ASSESSMENT AND APPLYING THE DATA ENVELOPMENT ANALYSIS (DEA)

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

HOSSEYNI S.A.; NAJAFI Y.

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: FINANCIAL ENGINEERING AND SECURITIES MANAGEMENT (PORTFOLIO MANAGEMENT) Year:2012 | Volume:3 | Issue:12 Page(s): 39-59

Download Full-Text

Persian Verion

View:

1,459

Download:

Cites:

Information Journal Paper

Title

DETERMINING THE OPTIMAL CAPITAL STRUCTURE USING THE INDICES OF VALUE-BASED PERFORMANCE ASSESSMENT AND APPLYING THE DATA ENVELOPMENT ANALYSIS (DEA)

Author(s)

HOSSEYNI S.A. | NAJAFI Y. | Issue Writer Certificate

Keywords

OPTIMAL CAPITAL STRUCTUREQ2

EY AQ2

MY AQ2

DATA ENVELOPMENT ANALYSISQ2

Abstract

The primary aim of this paper is to determine the OPTIMAL CAPITAL STRUCTURE using the indices of value-based performance assessment and Appling the DATA ENVELOPMENT ANALYSIS for the companies listed in Tehran stock exchange which in this research has been segregated into 10 industries. In this paper in order to determine external variables in DEA model, first we have investigated the relationship between the financial leverage as capital structure and both economic value-added and market value-added as indices of value-based performance assessment. The results implied that there is a significant and inverse relationship between cited variables at 198 firms and 10 industries. Based on this significant relationship, the financial leverage or capital structure and both economic value-added and market value-added have been chosen in DEA model as internal and external variables respectively. In the next stage, Appling the BCC model which is one of the two models of DEA, the OPTIMAL CAPITAL STRUCTURE for 198 companies has been determined.

Cites

No record.

References

Cite

APA: Copy

HOSSEYNI, S.A., & NAJAFI, Y.. (2012). DETERMINING THE OPTIMAL CAPITAL STRUCTURE USING THE INDICES OF VALUE-BASED PERFORMANCE ASSESSMENT AND APPLYING THE DATA ENVELOPMENT ANALYSIS (DEA). FINANCIAL ENGINEERING AND SECURITIES MANAGEMENT (PORTFOLIO MANAGEMENT), 3(12), 39-59. SID. https://sid.ir/paper/197665/en

Vancouver: Copy

HOSSEYNI S.A., NAJAFI Y.. DETERMINING THE OPTIMAL CAPITAL STRUCTURE USING THE INDICES OF VALUE-BASED PERFORMANCE ASSESSMENT AND APPLYING THE DATA ENVELOPMENT ANALYSIS (DEA). FINANCIAL ENGINEERING AND SECURITIES MANAGEMENT (PORTFOLIO MANAGEMENT)[Internet]. 2012;3(12):39-59. Available from: https://sid.ir/paper/197665/en

IEEE: Copy

S.A. HOSSEYNI, and Y. NAJAFI, “DETERMINING THE OPTIMAL CAPITAL STRUCTURE USING THE INDICES OF VALUE-BASED PERFORMANCE ASSESSMENT AND APPLYING THE DATA ENVELOPMENT ANALYSIS (DEA),” FINANCIAL ENGINEERING AND SECURITIES MANAGEMENT (PORTFOLIO MANAGEMENT), vol. 3, no. 12, pp. 39–59, 2012, [Online]. Available: https://sid.ir/paper/197665/en

Related Journal Papers