Financial Performance Measurement of Companies in the BIST Sustainability 25 Index with LBWA and MEREC-based CRADIS Methods

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dc.authoridYilmaz, Sureyya/0000-0003-4150-4101
dc.contributor.authorYilmaz Ozekenci, Sureyya
dc.date.accessioned2025-03-07T20:21:24Z
dc.date.available2025-03-07T20:21:24Z
dc.date.issued2024
dc.departmentÇağ Üniversitesi
dc.description.abstractFinancial performance refers to the assessment of a firm's capacity to generate profits and manage its financial assets effectively during a specific period of time. This study addresses the evaluation of financial performance of companies in the BIST Sustainability 25 Index using a hybrid MCDM method. For this investigation, nine criteria, namely, acid- test ratio, asset turnover, current ratio, debt ratio, EBITDA, net profit margin, return on equity, stock return and stock turnover are used to determine the financial performance of companies. In this study, the weight of criteria is calculated using both subjective (LBWA) and objective (MEREC) weighting approaches. After the weight of criteria is determined, the financial performance of companies is ranked using the CRADIS method. The results showed that EBITDA and Stock turnover are the most and least important criteria, respectively. According to results obtained from the CRADIS method, Ere & gbreve;li Iron-Steel, Enka construction and Ford Otosan have the highest financial performance, while Vestel, Ar & ccedil;elik and & Ccedil;imsa have the lowest financial performance in the period of 2018 and 2022. Additionally, the robustness and validity of the results are tested by various MCDM methods, namely, ARAS, COPRAS, EDAS, MABAC, MAIRCA, MARCOS, TOPSIS, CoCoSo and MAUT.
dc.identifier.doi10.30798/makuiibf.1465069
dc.identifier.endpage1211
dc.identifier.issn2149-1658
dc.identifier.issue3
dc.identifier.startpage1184
dc.identifier.trdizinid1270629
dc.identifier.urihttps://doi.org/10.30798/makuiibf.1465069
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1270629
dc.identifier.urihttps://hdl.handle.net/20.500.12507/3369
dc.identifier.volume11
dc.identifier.wosWOS:001328259800006
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.publisherMehmet Akif Ersoy Univ
dc.relation.ispartofJournal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20241226
dc.subjectFinancial performance
dc.subjectSustainability
dc.subjectBIST
dc.subjectMCDM
dc.titleFinancial Performance Measurement of Companies in the BIST Sustainability 25 Index with LBWA and MEREC-based CRADIS Methods
dc.typeArticle

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