Main Affecting Criterion on Stock Selection in Tehran Stock Exchange

This study aims to identify and evaluate the main criteria for stock selection through DEMATEL method. The most important part of DEMATEL is calculation of D, R, D + R and D-R. D is equal to addition of elements in each row that for each factor indicates its influence on other system factors. In other words, as the value of D is greater, its influence on the other factors would be higher. According to the results for the evaluation of the main criteria of the fourth chapter, criteria of market, risk, growth and profitability are having more impact on other factors, respectively. In other words, more fluctuating market leads to more fluctuating criteria of risk, profitability, and stocks growth. Moreover, the more certainty or uncertainty exist in risk criteria, there will be greater impact on growth and profitability of the stock.

Keywords:

stock selection criterion , investment , exchange , risk