BİST KOBİ SANAYİ ŞİRKETLERİNİN FİNANSAL PERFORMANSLARININ MW ve GRİ İLİŞKİSEL ANALİZ YÖNTEMLERİ İLE ÖLÇÜLMESİ
THE MEASUREMENT OF FINANCIAL PERFORMANCES OF BIST SME INDUSTRY COMPANIES BY MW AND GRAY RELATIVE ANALYSIS METHODS
Author(s): Ceyda Yerdelen Kaygin, Haşim Bağcı, Deniz TANIRSubject(s): Business Economy / Management, Methodology and research technology, Accounting - Business Administration
Published by: Kafkas Üniversitesi Sağlık, Kültür ve Spor Daire Başkanlığı Dijital Baskı Merkezi
Keywords: Financial Performance; SME; Average Weight; Gray Relational Analysis;
Summary/Abstract: In the study, it is aimed to measure comparatively the financial performances of Small and Medium Sized Enterprises (SME) traded at Borsa Istanbul (BIST) between 2013-2017. For this purpose, totally 10 financial ratios, particularly current ratio, stock turnover rate, debt / assets ratio, debt to asset ratio, accounts receivables turnover rate, fixed asset turnover rate, net profit margin ratio, assets profitability, operating profit margin ratio and cost of sales / net sales ratio, were used by benefitting the information obtained from the financial statements of companies operating in BIST SME Industry Index. The weights of the obtained financial ratios were determined by Mean Weight (MW) method and the financial performances of the 27 enterprises operating in the BIST SME Industry Index were tried to be determined by using Gray Relational Analysis (TIE) method, one of the multi-criteria decision making methods.
Journal: Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
- Issue Year: 10/2019
- Issue No: 20
- Page Range: 944-965
- Page Count: 21
- Language: Turkish