Analyasis on The Financial Performance of Companies in Bist Metalware And Machine Index by An Integrand Approach With Dematel And Moora Cover Image

Dematel ve Moora Bütünleşik Yaklaşımı İle Bist Metal Eşya, Makine Endeks’indeki İşletmelerin Finansal Performanslarının Değerlendirilmesi
Analyasis on The Financial Performance of Companies in Bist Metalware And Machine Index by An Integrand Approach With Dematel And Moora

Author(s): Mustafa Çanakçıoğlu
Subject(s): Business Economy / Management, Methodology and research technology, Accounting - Business Administration
Published by: İşletme Araştırmaları Dergisi
Keywords: Financial Performence; Istanbul Stock Market; Metal Goods Machinery Index; DEMATEL; MOORA;

Summary/Abstract: Purpose – In this study, we examine the financial performance of 28 companies in metalware and machine index, listed in Borsa Istanbul. Design/methodology/approach – We aim to make analyses through and compare the results from a hybrid model which utilizes two multi-criteria decision-making methods, namely, DEMATEL (The Decision Making Trial and Evaluation Laboratory) and MOORA (Multi-Objective Optimization on the Basis of Ratio Analysis). Findings – Fourteen selection criteria on the ratios of liquidity, operating efficiency, financial structure and profitability are determined regarding the three-years period between 2016 and 2018. We make a questionnaire with a scale of 1 to 4 in a pool of selected experts in the field. Based on the responses, we calculate the weights of the selection criteria in DEMATEL method perspective. Financial performances are evaluated through MOORA method and companies are sorted with respect to financial performance each year.

  • Issue Year: 11/2019
  • Issue No: 4
  • Page Range: 2425-2441
  • Page Count: 18
  • Language: Turkish