Mexican stock exchange selection regarding environmental, social and governance approach
DOI:
https://doi.org/10.46661/rev.metodoscuant.econ.empresa.9492Keywords:
stock exchange, multiple criteria decision, making, portfolio, environmental, social, Governance (ESG)Abstract
The research aims to support decision-making in selecting shares of companies listed in the Mexican Stock Exchange with the environmental, social and governance approach. The problem is analyzed from a multi-criteria hierarchical approach to decision-making, applying the ELECTRE III method and using financial and sustainability indicators. The results allow the generation of different rankings considering the hierarchy of the financial indicators of the shares. It allows supporting selecting stocks for investment. Important characteristics of other stock factors may be omitted when using financial indicators. Therefore, other non-financial indicators could be considered. The multi-criteria approach in investment evaluation is increasingly used in decision-making. Evaluating the governance, social and environmental approach in the shares is innovative when considering sustainability in the investment. The best shares of the Mexican Stock Exchange are identified, regarding sustainability in the investment.
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Copyright (c) 2024 Manuel Muñoz-Palma, Pavel Anselmo Alvarez Carrillo, Eva Luz Miranda-Espinoza, Pavel López-Parra, Alma Iliana García-Cañedo
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