The Determination of Financial Performance with TOPSIS Multiple Criteria Decision Making Method: An Application on Basic Metal Industry Enterprises
Hasan Uygurturk, Turhan Korkmaz
article (Uluslararası, Hakemli) | Yazar(lar): Hasan Uygurturk, Turhan Korkmaz | Yıl: 2012 — Özet: In this study, financial performances of 13 basic metal industry enterprises whose shares are traded in the Istanbul Stock Exchange (ISE) are analyzed with TOPSIS method by using financial statements for the period 2006-20
In this study, financial performances of 13 basic metal industry enterprises whose shares are traded in the Istanbul Stock Exchange (ISE) are analyzed with TOPSIS method by using financial statements for the period 2006-2010. Primarily, in order to demonstrate the financial strength of the firms, financial ratios are calculated. Later on with the help of TOPSIS method calculated financial ratios are converted into a single score that is showing the firm's overall performance. The calculated performance scores are used for the firms' ranking. The result of the study, indicate that performance scores of the basic metal enterprises operating in the sector show variability in general during the period of analysis.