Original scientific paper
https://doi.org/10.1080/1331677X.2016.1175728
Performance appraisals of ICT companies in the Tehran stock market: contradiction with the global trend
Sepehr Ghazinoory
Amir Khorasani
Ali Asghar Anvari Rostamy
Ghazaleh Taheriattar
Mona Rashidirad
Abstract
The impact of information & communication technology (ICT) in
increasing financial transactions in different fields, shows the positive
developments of this industry in Iran. But could the ICT industry also
be effective in the economic capital of the country? This could occur
when the ICT industry has a good performance in the capital markets.
In this research, the ICT industry in the Tehran Stock Exchange was
used to assess its performance in the economy's capital. The data and
documents related to the profitability of corporates in ICT industry for
six years over the range studied. A total of eight corporate companies
with the nature of ICT, and 68 other corporate companies from a total
of 17 industries were selected. To discover the informational efficiency, runs test, for analysing trend, linear regression and for comparative assessment, a TOPSIS model has been used. The results showed that the ICT industry in the Tehran Stock Exchange does not have even a weak level of efficiency of information. In addition, it has had a declining trend and finally, in comparison to other industries, it has delivered a poor performance; the results are completely inconsistent with results from other countries and show that Iran's ICT status needs fundamental reflection.
Keywords
Information & communication technology (ICT ); Tehran Stock Market; performance; profitability; industry appraisals
Hrčak ID:
171742
URI
Publication date:
22.12.2016.
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