Relation of Financial and Economic Models to Data Envelopment Analysis Model

Document Type : Research Paper

Authors

1 Assistant Professor of Accounting Department at Ilam University, Ilam, Iran

2 Prof., Accounting Department, Faculty of Management and Accounting, Allameh Tabataba'i University, Tehran, Iran

3 Prof., of Management at Allameh Tabataba'i University, Tehran, Iran

4 Assistant Professor, Department of Mathematics, University of Ilam. Ilam, Iran

Abstract

The purpose of this study is to investigate the relation of financial and economic models to data envelopment analysis technique through evaluating the performance of investment companies. In order to achieve this goal, total assets, total debt, total equity and total expenses of firms are considered as input variables and income, net profit and operating profit of them are considered as output variables of data envelopment analysis model. Next, the performance of investment firms is evaluated according to the selected model of data envelopment analysis. Then, the evaluated performance is compared with financial and economic models, in the form of regression model. This study provide two hypotheses to examine the relation of financial and economic models to the data envelopment analysis technique, and it uses the regression model to test the hypotheses. The statistical population is the investment firms listed in the Tehran Stock Exchange from 2014 to 2016 and the sampling is based on judging sampling and systematic elimination. The results show that there is a significant and inverse relation between financial models and data envelopment analysis model and a significant and direct relation between the economic models and the data envelopment analysis model, according to the evaluation of investment firms’ performance. 

Keywords

References

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Empirical Research in Accounting
Volume 10, Issue 3 - Serial Number 37
November 2020
Pages 127-148

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History

  • Receive Date: 29 June 2018
  • Revise Date: 05 March 2019
  • Accept Date: 04 March 2019

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