Using DEA Window Analysis and the Malmquist Index for Assessing Efficiency on the Tehran Stock Market

Moslem Alimohammadlou¹ Abbas Bonyani²

1) Department of Management, Faculty of Economic, Management and Social Science, Shiraz University, Shiraz, Iran E-mail address:
2) Department of Industrial Management, Faculty of Management and Accounting, Allameh Tabataba i University, Tehran, Iran E-mail address:

IOI Code : XBZD-CHKKD
Publication : 2nd International Conference on Modern Development in Management, Economics and Accounting (2imea.com)
Abstract :
    The financial ratios cannot individually provide a correct and adequate understanding of an institution’s performance. This study is aimed to propose a model to evaluate the financial performance. In this regard, 14 companies were examined based on DEA window analysis and Malmquist index during the period of 2011-2015 using the five influential ratios on financial performance evaluation. Results of data analysis revealed that in final evaluation, some companies such as GORJI Co., WAPD Co. and MINOO Co. had higher positions compared to the others.

Keywords : dea window analysis malmquist index efficiency