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Asian Journal of Research in Banking and Finance
Year : 2015, Volume : 5, Issue : 1
First page : ( 84) Last page : ( 101)
Online ISSN : 2249-7323.
Article DOI : 10.5958/2249-7323.2015.00007.3

Ranking of active insurance companies in Tehran stock exchange

Karami Alia, Abdoli Mohammadrezab

aIndustrial Management of MA, Science and Research Branch, Islamic Azad University, Shahrood

bDepartment of Accounting, Shahrood Branch, Islamic Azad Univarsity, Shahrood, Iran

Online published on 7 January, 2015.

Abstract

Capital market activists and stockholder supplier companies beneficiaries need instrument through which be able to compare similar companies and on this basis and given the objective of investment they choose intended stock. Thus, designing evaluation model of performance and making of insurance companies as an active industry in Tehran Stock Exchange has been the main objective of this research. In this study, for presenting financial evaluation model of present insurance companies in Exchange, the main factors and model sub factors have been identified and prioritized by using the Delphi method and DHP group model and by surveying from fifteen financial supervisory experts of insurance industry. Then these companies were ranked by using obtained model and by using information of insurance companies present in Stock Exchange that was collected through valid and official documents. As a result of the research the main factors of the model are factors based on insuring activity with the weight of 0.1706, factors based on stock market with the weight of 0.164 and factor based on accountancy with the weight of 0.130 respectively which in each group sub factors were identified for computing the total number of the company. Finally the five present companies in Tehran Stock Exchange were ranked by using the model and by computing financial, insurance and capital market indexes.

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Keywords

Ranking, performance evaluating, insurance company, hierarchical analysis.

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