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ARTÍCULO
TITULO

The Use of Artificial Neural Networks for Quantifying the Relative Importance of the Firms? Performance Determinants

Gholamhossein Mahdavi    
Mohammad Sadeghzadeh Maharluie    
Ahmad Shokrolahi    

Resumen

Performance is the outcome of all plans and decisions of a company. It shows the ways companies are governed. Consequently, determining the relative importance of factors influencing the Performance is important. Therefore, in this study, seven independent variables were determined based on the literature. Then, the significant variables were chosen using the Pearson?s correlation test. Finally, an artificial neural network was designed to investigate the relative importance of the determinants. In total, 1340 company-year data were collected from Tehran Stock Exchange (TSE) from 2001 to 2010. The research results revealed that institutional ownership concentration is the most important factor which is followed by state ownership, and managerial stock ownership. Debt policy and firm size are ranked in lower position.Keywords: Performance, Artificial Neural Networks, Tehran Stock Exchange (TSE)JEL Classification: M49

PÁGINAS
pp. 119 - 127
MATERIAS
ECONOMÍA