Evaluation of Financial Performance Using The Gray Relational Analysis Method: An Application on Technology Companies Traded in BIST Cover Image

Gri İlişkisel Analiz Yöntemi İle Finansal Performans Değerlendirmesi: Bist’ De İşlem Gören Teknoloji Şirketleri Üzerine Bir Uygulama
Evaluation of Financial Performance Using The Gray Relational Analysis Method: An Application on Technology Companies Traded in BIST

Author(s): Ceren Oral, Mustafa Şenen
Subject(s): Business Economy / Management, Accounting - Business Administration, ICT Information and Communications Technologies
Published by: İşletme Araştırmaları Dergisi
Keywords: Technology; Technology Companies; Gray Relational Analysis; Financial Performance;

Summary/Abstract: Purpose – To evaluate the financial performance of technology companies traded in BIST in 2017- 2021 separately for each year. Design/methodology/approach – Using the data obtained through the Public Disclosure Platform, the Gray Relational Analysis Method, which is one of the multi-criteria decision-making methods, was used. According to the values obtained by this method, the financial performances of technology companies traded in BIST are listed separately for each year. Findings – The data of 14 technology companies for the specified years were accessed through the Public Disclosure Platform. In the gray relational analysis method, 10 variables were used. As a result of the calculations made on these variables, a separate financial performance ranking was made for each year. Discussion – Considering the data obtained as a result of the application, the first 4 companies of the financial performance ranking within the specified years are LINK, FONET, LOGO, KRONT, although the rankings among themselves vary from year to year. The rankings of other companies constantly differ from year to year.

  • Issue Year: 15/2023
  • Issue No: 2
  • Page Range: 894-906
  • Page Count: 13
  • Language: Turkish