On the selection of equity securities: An expert systems methodology and an application on the Athens Stock Exchange

  • Authors:

  • P. Xidonas;E. Ergazakis;K. Ergazakis;K. Metaxiotis;D. Askounis;G. Mavrotas;J. Psarras

  • Affiliations:

  • Management and Decision Support Systems Laboratory, School of Electrical and Computer Engineering, National Technical University of Athens, Heroon Polytechneiou 9, 15780 Athens, Greece and Nationa ...;Management and Decision Support Systems Laboratory, School of Electrical and Computer Engineering, National Technical University of Athens, Heroon Polytechneiou 9, 15780 Athens, Greece and Nationa ...;Management and Decision Support Systems Laboratory, School of Electrical and Computer Engineering, National Technical University of Athens, Heroon Polytechneiou 9, 15780 Athens, Greece and Nationa ...;Management and Decision Support Systems Laboratory, School of Electrical and Computer Engineering, National Technical University of Athens, Heroon Polytechneiou 9, 15780 Athens, Greece and Nationa ...;Management and Decision Support Systems Laboratory, School of Electrical and Computer Engineering, National Technical University of Athens, Heroon Polytechneiou 9, 15780 Athens, Greece and Nationa ...;Management and Decision Support Systems Laboratory, School of Electrical and Computer Engineering, National Technical University of Athens, Heroon Polytechneiou 9, 15780 Athens, Greece and Nationa ...;Management and Decision Support Systems Laboratory, School of Electrical and Computer Engineering, National Technical University of Athens, Heroon Polytechneiou 9, 15780 Athens, Greece and Nationa ...

  • Venue:
  • Expert Systems with Applications: An International Journal
  • Year:
  • 2009

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Abstract

In this article we present an expert systems methodology for supporting decisions that concern the selection of equities, on the basis of financial analysis. The proposed methodology is employed for selecting the attractive equities, through the evaluation of the overall corporate performance of the corresponding firms. The crucial importance issue of the industry/sectoral accounting singularities was strongly taken into account. An elaborate review of coherent research studies is also provided. Finally, the validity of the proposed methodology is tested through a large scale application on the Athens Stock Exchange.