Financial Performance Evaluation of Transportation and Storage Businesses Traded on The BIST by AHP (Analytic Hierarchy Process) integrated GRA (Grey Relational Analysis) Cover Image

BIST’e Kayıtlı Ulaştırma ve Depolama Sektöründe Faaliyet Gösteren Şirketlerin Finansal Performanslarının Analitik Hiyerarşi Süreci (AHS) ve Gri İlişkisel Analiz (GİA) Yöntemleriyle Değerlendirilmesi
Financial Performance Evaluation of Transportation and Storage Businesses Traded on The BIST by AHP (Analytic Hierarchy Process) integrated GRA (Grey Relational Analysis)

Author(s): Şakir SAKARYA, İlyas Saçkes
Subject(s): National Economy, Supranational / Global Economy, International relations/trade, Economic development, Transport / Logistics
Published by: Haci Mustafa Paksoy
Keywords: Analytic hierarchy process; grey relational analysis; transportation and storage industry; multiple-criteria decision analysis; financial performance measurement;

Summary/Abstract: The study aims to view to variation of the profit-oriented financial performance of 8 Transport and Storage businesses, that traded in BIST as component of XULAS index, in covid-19 period and also obtain a ranking by evaluating their performance via the AHP integrated Gray Relational Analysis (GRA) method. 15 cash flow-based ratios were considered as "financial performance criteria" that belongs to the financial statements of the 2018-2020 period. After the hierarchical structure of criteria were created via AHP, financial performance ranking was evaluated for each year with GRA method, utilizing the weights obtained from AHP. According to the findings, TLMAN has shown the best financial performance in the 3-years period and THYAO has taken the last place in the ranking.

  • Issue Year: 7/2022
  • Issue No: 19
  • Page Range: 366-388
  • Page Count: 23
  • Language: Turkish