A Portfolio Selection Strategy with Consideration of Managerial Efficiency and Growth Potential of Construction Corporations | Zendy

Ryu Jaepil | Zendy; Hyun-Joon Shin | Zendy

Open Access

A Portfolio Selection Strategy with Consideration of Managerial Efficiency and Growth Potential of Construction Corporations

Author(s) -

Ryu Jaepil,

Hyun-Joon Shin

Publication year - 2012

Publication title -

journal of the korea academia-industrial cooperation society

Language(s) - English

Resource type - Journals

eISSN - 2288-4688

pISSN - 1975-4701

DOI - 10.5762/kais.2012.13.2.878

Subject(s) - data envelopment analysis , portfolio , selection (genetic algorithm) , order (exchange) , benchmark (surveying) , business , dividend , econometrics , computer science , economics , operations research , mathematics , finance , statistics , artificial intelligence , geodesy , geography

This study presents a portfolio selection strategy focusing on construction corporations by taking into accounts managerial efficiency and growth potential of a company. Data envelopment analysis(DEA) methodology and dividend scoring table are adopted for evaluating the managerial efficiency and growth potential of a company respectively. In order to show the effectiveness of the portfolios selected by the strategies proposed in this study, we constructed 3 portfolios for every 4 years (2007-2010) out of 56 listed construction corporations in KOSPI and KOSDAQ, and proved that our portfolios are superior to benchmark portfolios in terms of portfolio evaluation measures.

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