Abstract

The study used the synthetic taxonomic measure TMAI and BZW to determine whether the fundamental strength of 17 companies from the construction material industry listed on the Warsaw Stock Exchange affects their investment performance. Companies whose operations are conducted mainly in Poland and whose profit and loss account is prepared in the calculation system were selected for the study. It was checked how the use of different methods of aggregation of the same diagnostic variables (with and without a pattern) affects the classification results. Investment efficiency was measured with the annual, logarithmic rate of return and the created rankings of companies for the years 2016-2021 were compared with it.

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