The Race of Financial Performance: Evidence from XKURY in Türkiye

Ayşen Konuşkan; Esra Aksoy Erzurumlu; Türker Teker; Mehmet Özsoy

Makale detayları

The Race of Financial Performance: Evidence from XKURY in Türkiye

Yazarlar:

Ayşen Konuşkan | Esra Aksoy Erzurumlu | Türker Teker | Mehmet Özsoy

Yayıncı:

Manisa Celal Bayar University

Ana Başlıklar:

Finansal Piyasalar ve Kurumlar

Dergi:

Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi Vol.22 Issue 4, pp.320-342

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001336083

pISSN:

1304-4796

Anahtar kelimeler:

Özet:

 This research aims to rank the 32 companies in the BIST Corporate Governance Index according to their financial performance. MARCOS and ARAS, which are among MCDM techniques, are used as methods for ranking the companies in the study. The dataset is prepared by averaging the yearend balance sheets for the years 2020, 2021 and 2022. The data used for the analysis are current ratio, cash ratio, return on assets ratio, return on equity ratio, leverage ratio and asset turnover ratio. In the research, the importance weight of the criteria was calculated by CRITIC method. According to the CRITIC method, the criterion with the highest importance weight was the asset turnover rate. The companies were also ranked with the MARCOS and ARAS methods. Some differences were detected in the ranking. Spearmans ranking correlation coefficient revealed a strong positive linear relationship between the rankings from the MARCOS and ARAS methods. The results of the two methods were validated by Spearmans correlation analysis.

 This research aims to rank the 32 companies in the BIST Corporate Governance Index according to their financial performance. MARCOS and ARAS, which are among MCDM techniques, are used as methods for ranking the companies in the study. The dataset is prepared by averaging the yearend balance sheets for the years 2020, 2021 and 2022. The data used for the analysis are current ratio, cash ratio, return on assets ratio, return on equity ratio, leverage ratio and asset turnover ratio. In the research, the importance weight of the criteria was calculated by CRITIC method. According to the CRITIC method, the criterion with the highest importance weight was the asset turnover rate. The companies were also ranked with the MARCOS and ARAS methods. Some differences were detected in the ranking. Spearmans ranking correlation coefficient revealed a strong positive linear relationship between the rankings from the MARCOS and ARAS methods. The results of the two methods were validated by Spearmans correlation analysis.

 This research aims to rank the 32 companies in the BIST Corporate Governance Index according to their financial performance. MARCOS and ARAS, which are among MCDM techniques, are used as methods for ranking the companies in the study. The dataset is prepared by averaging the yearend balance sheets for the years 2020, 2021 and 2022. The data used for the analysis are current ratio, cash ratio, return on assets ratio, return on equity ratio, leverage ratio and asset turnover ratio. In the research, the importance weight of the criteria was calculated by CRITIC method. According to the CRITIC method, the criterion with the highest importance weight was the asset turnover rate. The companies were also ranked with the MARCOS and ARAS methods. Some differences were detected in the ranking. Spearmans ranking correlation coefficient revealed a strong positive linear relationship between the rankings from the MARCOS and ARAS methods. The results of the two methods were validated by Spearmans correlation analysis.

 Bu çalışmada BIST Kurumsal Yönetim Endeksinde yer alan 32 şirketin finansal performanslarına göre sıralanması amaçlanmaktadır. Çalışmada şirketlerin sıralaması ÇKKV tekniklerinden MARCOS ve ARAS kullanılarak yapılmıştır. Veri seti 2020-2021-2022e ait yılsonu bilançolarının ortalaması alınarak hazırlanmıştır. Analiz için kullanılan veriler cari oran, nakit oran, aktif karlılık oranı, özsermaye karlılık oranı, borçkaynak oranı ve aktif devir hızıdır. Çalışmada kriterlerin önem ağırlığı CRITIC yöntemi ile hesaplanmıştır. CRITIC yöntemine göre en yüksek önem ağırlığına sahip kriter, aktif devir hızı çıkmıştır. MARCOS ve ARAS yöntemi ile şirketlerin sıralaması yapılmıştır. Sıralamada bazı farklılıklar tespit edilmiştir. Spearmanın sıralama korelasyon katsayısı, MARCOS ve ARAS yöntemlerinden gelen sıralamalar arasında güçlü bir pozitif doğrusal ilişki olduğunu ortaya koymuştur. Böylelikle iki yöntemin sonuçlarının güvenirliği Spearmanın sıralama korelasyon analizi ile desteklenmiştir.

Makale detayları

The Race of Financial Performance: Evidence from XKURY in Türkiye

Yazarlar:

Ayşen Konuşkan | Esra Aksoy Erzurumlu | Türker Teker | Mehmet Özsoy

Yayıncı:

Manisa Celal Bayar University

Ana Başlıklar:

Finansal Piyasalar ve Kurumlar

Dergi:

Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi Vol.22 Issue 4, pp.320-342

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001336083

pISSN:

1304-4796

Corporate Governance

MCDM

MARCOS

ARAS

CRITIC

Financial PerformanceKurumsal Yönetim

ÇKKV

MARCOS

ARAS

CRITIC

Finansal Performans

Sayı

Makale detayları

Yazarlar: Ayşen Konuşkan | Esra Aksoy Erzurumlu | Türker Teker | Mehmet Özsoy

Yayıncı: Manisa Celal Bayar University

Ana Başlıklar: Finansal Piyasalar ve Kurumlar

Dergi: Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi Vol.22 Issue 4, pp.320-342

Belge Tipi: Makale

Yayın Tarihi: 12/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001336083

pISSN: 1304-4796

Sayı

Yazarlar:

Ayşen Konuşkan | Esra Aksoy Erzurumlu | Türker Teker | Mehmet Özsoy

Yayıncı:

Manisa Celal Bayar University

Ana Başlıklar:

Finansal Piyasalar ve Kurumlar

Dergi:

Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi Vol.22 Issue 4, pp.320-342

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001336083

pISSN:

1304-4796