Analysis of Real Estate Investment Companies Traded in BIST Corporate Governance Index with Integrated MCDM Approach

Nilsen Kundakcı; Kevser Arman

Makale detayları

Analysis of Real Estate Investment Companies Traded in BIST Corporate Governance Index with Integrated MCDM Approach

Yazarlar:

Nilsen Kundakcı | Kevser Arman

Yayıncı:

Pamukkale University

Ana Başlıklar:

Yöneylem

Dergi:

Pamukkale Üniversitesi İşletme Araştırmaları Dergisi Vol.10 Issue 1-Prof. Dr. Feyzullah EROĞLU Armağan Sayısı, pp.124-143

Belge Tipi:

Makale

Yayın Tarihi:

5/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001290294

pISSN:

2757-7260

Anahtar kelimeler:

Özet:

 Real estate investment trusts REITs are publicly traded companies operating to invest in real estate, real estate-based projects, and real estate-based capital market instruments. With the increase in financial crises day by day, corporate governance has gained importance all over the world. It is thought that the performance of companies increases with the effective implementation of corporate governance and companies with better corporate governance attract investors. The aim of this study is to measure the financial performances of REITs traded in the Borsa İstanbul BIST Corporate Governance Index XKURY for the years 2020, 2021 and 2022 with the Improved IDOCRIW and MABAC methods. According to the results obtained from the improved IDOCRIW method, the importance levels of the criteria differ for each year. The results obtained from the MABAC method indicate that AKMGY and HLGYO have more stable and higher performance than other REIT companies. The results obtained in the study reveal that the proposed integrated model can be used in performance evaluation and improvement.

 Real estate investment trusts REITs are publicly traded companies operating to invest in real estate, real estate-based projects, and real estate-based capital market instruments. With the increase in financial crises day by day, corporate governance has gained importance all over the world. It is thought that the performance of companies increases with the effective implementation of corporate governance and companies with better corporate governance attract investors. The aim of this study is to measure the financial performances of REITs traded in the Borsa İstanbul BIST Corporate Governance Index XKURY for the years 2020, 2021 and 2022 with the Improved IDOCRIW and MABAC methods. According to the results obtained from the improved IDOCRIW method, the importance levels of the criteria differ for each year. The results obtained from the MABAC method indicate that AKMGY and HLGYO have more stable and higher performance than other REIT companies. The results obtained in the study reveal that the proposed integrated model can be used in performance evaluation and improvement.

 Real estate investment trusts REITs are publicly traded companies operating to invest in real estate, real estate-based projects, and real estate-based capital market instruments. With the increase in financial crises day by day, corporate governance has gained importance all over the world. It is thought that the performance of companies increases with the effective implementation of corporate governance and companies with better corporate governance attract investors. The aim of this study is to measure the financial performances of REITs traded in the Borsa İstanbul BIST Corporate Governance Index XKURY for the years 2020, 2021 and 2022 with the Improved IDOCRIW and MABAC methods. According to the results obtained from the improved IDOCRIW method, the importance levels of the criteria differ for each year. The results obtained from the MABAC method indicate that AKMGY and HLGYO have more stable and higher performance than other REIT companies. The results obtained in the study reveal that the proposed integrated model can be used in performance evaluation and improvement.

 Gayrimenkul yatırım ortaklıkları GYO gayrimenkullere, gayrimenkule dayalı projelere ve gayrimenkule dayalı sermaye piyasası araçlarına yatırım yapmak amacıyla faaliyet gösteren halka açık şirketlerdir. Finansal krizlerin her geçen gün artması ile kurumsal yönetim tüm dünyada önem kazanmıştır. Kurumsal yönetimin etkili bir şekilde gerçekleşmesi ile firmaların performansının arttığı ve daha iyi bir kurumsal yönetime sahip olan firmaların yatırımcıları çektiği düşünülmektedir. Bu çalışmanın amacı, Borsa İstanbul BİST Kurumsal Yönetim Endeksi XKURYde yer alan GYOların 2020, 2021 ve 2022 yılları için finansal performanslarının Geliştirilmiş IDOCRIW ve MABAC yöntemleri ile ölçülmesidir. Geliştirilmiş IDOCRIW yönteminden elde edilen sonuçlara göre, kriterlerin önem seviyeleri her yıl için farklılaşmaktadır. MABAC yönteminden elde edilen sonuçlar ise AKMGY ve HLGYOnun diğer GYO firmalarına göre daha istikrarlı ve yüksek performansa sahip olduğunu göstermektedir. Çalışmada elde edilen sonuçlar, önerilen bütünleşik modelin performans değerlendirme ve iyileştirmede kullanılabileceğini ortaya koymaktadır.

Makale detayları

Analysis of Real Estate Investment Companies Traded in BIST Corporate Governance Index with Integrated MCDM Approach

Yazarlar:

Nilsen Kundakcı | Kevser Arman

Yayıncı:

Pamukkale University

Ana Başlıklar:

Yöneylem

Dergi:

Pamukkale Üniversitesi İşletme Araştırmaları Dergisi Vol.10 Issue 1-Prof. Dr. Feyzullah EROĞLU Armağan Sayısı, pp.124-143

Belge Tipi:

Makale

Yayın Tarihi:

5/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001290294

pISSN:

2757-7260

MCDM

Improved IDOCRIW

MABAC

Corporate Governance Index

Real Estate Investment TrustsÇKKV

Geliştirilmiş IDOCRIW

MABAC

Kurumsal Yönetim Endeksi

Gayrimenkul Yatırım Ortaklıkları

Sayı

Makale detayları

Yazarlar: Nilsen Kundakcı | Kevser Arman

Yayıncı: Pamukkale University

Ana Başlıklar: Yöneylem

Dergi: Pamukkale Üniversitesi İşletme Araştırmaları Dergisi Vol.10 Issue 1-Prof. Dr. Feyzullah EROĞLU Armağan Sayısı, pp.124-143

Belge Tipi: Makale

Yayın Tarihi: 5/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001290294

pISSN: 2757-7260

Sayı

Yazarlar:

Nilsen Kundakcı | Kevser Arman

Yayıncı:

Pamukkale University

Ana Başlıklar:

Yöneylem

Dergi:

Pamukkale Üniversitesi İşletme Araştırmaları Dergisi Vol.10 Issue 1-Prof. Dr. Feyzullah EROĞLU Armağan Sayısı, pp.124-143

Belge Tipi:

Makale

Yayın Tarihi:

5/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001290294

pISSN:

2757-7260