Performance appraisal of companies is very important for all stakeholders of a company from potential and actual investors, creditors and supervisory organizations, and most importantly, company managers for decision making, and the most important appraisal in companies is performance appraisal for these decision makers. The present study seeks to provide a model for evaluating the financial performance of the companies listed on the Tehran Stock Exchange and utilizes 50 financial ratios suggested by the experts, of which 49 were finalized and the ratios in The 6 categories were categorized as consolidated, economic, leverage, liquidity, profitability and activity, and according to experts, these ratios were weighted. And multivariate decision criteria for bwm and ARAS technique were analyzed using ligo software. Eventually companies were ranked. Among the 103 companies whose ratios were available, surveys were conducted. The results showed that mineral minerals companies of Iran, Gol Gohar and Khuzestan Steel ranked 1 to 3, respectively.

The purpose of recent study is recognition of the most important financial ratios by which can evaluate company's performance. Therefore the total of accepted companies in stock exchange in Tehran which was active in 1390-1393 are considered as statistical universe of the research through which 102 companies organize the mass of statistical sample based on systematic elimination sampling method. The from the view point of exploratory and functional purpose, the research method is descriptive and interconnection including post – eventual researches. Analysis of data is accomplished by factorial analysis, structural equations modeling and two algorithms by using of CHAID, C&RT software, SPSS, SMARTTPLS, CLEMENTIN decision tree. after explanatory, factorial analysis, the results of research show that the number of 24 ratios from the total of considered 28 financial ratios is effective in evaluation of company's performance which these ratios are classified in seven categories in terms of weight of each of them from total variance by using of main factor analysis PCA. in next stage, for studying the type of relations and the amount of variant interconnection, confirmatory factorial analysis is performed in structural equations modeling and the main model presented. Finally the result and drawing decision tree indicate that decision tree algorithms are presented the best prediction with the highest accuracy and among the sum of ratios, activity ratio has the most effect on performance evaluation.

One of the main problems during evaluation of ETKA organization chain stores execution have been ranking and choosing several criteria and indicators at storing field and this problem is not only important in Defense Ministry and dependent organizations but also is significant at industrial management organization and stock bond market, and companies' ranking is implemented based on a criterion and an indicator, for example based on profit, sales, assets indicators… In this article the writer try to ranking the ETKA organization chain stores based on all information and financial executive indicators and for ranking he used multi indicators decision model, in the complicated advisements insist of using of sufficiency evaluation criterion he uses of several criteria and indicators. In using of multi indicator decision model he has used of compensative and adoptive model in which it ranked in the adoptive sub group of TOPSIS model. In this model we allow to communicate the indicators. For instance lower changing in an indicator will be compensated by higher changing in another indicator, since financial lists and consumption fractions at the investigation are using simultaneously for sufficiency of lower and higher state so this model will be responsive completely. Detected indicators at ranking of stores, assets, dues, sales, end price, profit and loss, and current fraction, and dues fraction, whole turn over of the assets, investment fraction and special profit fraction.

Investment is one of the most important issues in society. Many investors decide to purchase of shares of investment companies due to lack of expertise in direct investment. So, it is very important to recognize, analyze and evaluate the performance of these companies. The purpose of the this paper is to investigate and categorize the activities of investment companies in Iran, to assess the more accurate way to evaluate the performance of these companies and to provide an approach for evaluating performance according to all the fields of activity of these companies. For this purpose, the information of investment companies of Tehran Stock Exchange was investigated. The activities were divided into three general categories of exchanged, non-exchanged and project investment, and the financial performance was measured by two criteria including ROA and Q Tobin’ s ratio. Finally information was examined by econometric techniques. The results of analysis using Q Tobin’ s ratio indicates that exchanged investments have the greatest impact on the firm's performance, which is because information is available to investors easily and allows them to evaluate and analyze them completely, while the other two fields of the activities, despite the importance, are less considered by investors because of insufficient information. The results of analysis using ROA showed that exchanged & project investments have important impacts on financial performance.

In this research we are to investigate the existence of relationship between refined economic value added and usual measurements of performance such as earnings per share and price to earning ratio. The results show that there is no significant relation between refined economic value added and the dependent variables. Although the existence of mentioned correlation has not proved but it does not mean that there is no relation between variables. The percent of correlation coefficients and calculated R-squared show that there is a weak relation between refined economic value added and usual measurements of performance such as earning per share and price to earnings ratio. Nevertheless the relation is more significant for price to earning ratio than earning per share.

Knowledge is a core of production and development. the power of production is based on knowledge and intellect. Hence, current accounting systems cannot being enabled to calculate and measure intelligence or knowledge of companies.If so is important and as a problematic subject in performance assessment of companies is known, the Inability of measurement and calculation caused to have no logical decision for investors.In this paper, we proposed four financial quantitative models of intellectual capital calculation and also we have examined correlation between financial models of intellectual capital and performance assessment factors such as net profit and cash flows in Tehran capital market and According to the result, the second and third models to first and forth, and the first to forth have more correlation with financial performance variables and, so are more appropriate models for performance measurement and assessment in companies.

The purpose of this study is to evaluate the financial performance of 31 provincial gas distribution companies as the affiliates of National Iranian Gas Company (NIGC). To this end, we identified financial performance indicators in accordance with the requirements of NIGC through a review of theoretical foundations and interviews with a number of financial and planning experts and then prioritized them using the analytical hierarchy process (AHP) method. These indicators lied in four groups of liquidity, capital structure, profitability, and activity criteria. Then, the weighted indicators were analyzed using TOPSIS technique and with help of the Expert-Choice (EC) software, and the final ranking of the companies was provided. The results showed that, based on the identified criteria, provincial gas companies of Hormozgan, Yazd, Markazi, and Kermanshah had a favorable financial performance and Ilam, Mazandaran, Chaharmahal and Bakhtiari, and Zanjan provincial gas companies had a weak financial performance with respect to the other companies in the three years reviewed. Finally, some suggestions have been made in this regard.

Given the variability of financial performance and profitability of insurance companies, it is necessary to identify the factors that influence them. In this study the factors determining the financial performance of listed insurance companies in Tehran Stock Exchange between 2008 and 2013 is studied. A sample of nine insurance companies is used to test hypotheses using panel data multiple regression model. Results indicate that the relationship between debt ratio and return on assets is significant and negative, the relationship between fixed to total assets ratio and return on assets is significant and negative, and also the relationship between flexibility and the return on assets is not significant. The relationship between company size and return on assets is negative and significant and the relationship between company risk and return on assets is negative and significant. Based on the results the relationship between company loss ratio and return on assets is significant and negative and the relationship between written premium and return on assets is also significant and positive.