Evaluation of the Financial Performance of the Companies in the BIST Insurance (XSGRT) Index in 2021 by MCDM Methods

Selahattin Bektaş

Makale detayları

Evaluation of the Financial Performance of the Companies in the BIST Insurance (XSGRT) Index in 2021 by MCDM Methods

Yazarlar:

Selahattin Bektaş

Yayıncı:

Manisa Celal Bayar University

Ana Başlıklar:

Bankacılık ve Sigortacılık (Diğer)

Dergi:

Yönetim ve Ekonomi Dergisi Vol.30 Issue 4, pp.787-815

Belge Tipi:

Makale

Yayın Tarihi:

12/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001305695

pISSN:

1302-0064

Anahtar kelimeler:

Özet:

 The concept of insurance can be defined as a way of taking precautionary measures against various financial risks or unexpected events that individuals or institutions may encounter in the future. The purpose of this study is to evaluate the financial performances of insurance companies in the XSGRT index for the four quarters of 2021. Accordingly, eight performance criteria were selected for the performance analysis of insurance companies. MEREC, MABAC and CoCoSo methods were used for the analysis of the study. Weights were determined by the MEREC method. Performance ranking was made by MABAC and CoCoSo method. According to the MEREC Method, the three most important criteria in the first quarter were Technical Revenue Growth, Price Earnings Ratio and Return on Assets, respectively. In the second quarter, the three most important criteria were determined as Price Earnings Ratio, Earnings Per Share and Return on Assets, respectively. The three most important criteria in the third quarter are Technical Revenue Growth, Price Earnings Ratio and Earnings Per Share, respectively. In the last quarter, the most important criteria were Price Earnings Ratio, Return on Assets and Earnings Per Share, respectively. In the Ranking Results, according to CoCoSo, it was determined that the company with the best performance in the first quarter was AKGRT, TURSG in the second quarter, AKGRT in the third quarter, and AGESA in the last quarter. According to MABAC, the company with the best performance in the first quarter was AGESA, in the second quarter it was TURSG, in the third quarter it was AGESA, and in the last quarter it was the TURSG company. Key Words: MABAC Method, MEREC Method, CoCoSo Method, Insurance Companies, Performance Analysis, MCDM JEL Classification: G2, G20, G22.

 The concept of insurance can be defined as a way of taking precautionary measures against various financial risks or unexpected events that individuals or institutions may encounter in the future. The purpose of this study is to evaluate the financial performances of insurance companies in the XSGRT index for the four quarters of 2021. Accordingly, eight performance criteria were selected for the performance analysis of insurance companies. MEREC, MABAC and CoCoSo methods were used for the analysis of the study. Weights were determined by the MEREC method. Performance ranking was made by MABAC and CoCoSo method. According to the MEREC Method, the three most important criteria in the first quarter were Technical Revenue Growth, Price Earnings Ratio and Return on Assets, respectively. In the second quarter, the three most important criteria were determined as Price Earnings Ratio, Earnings Per Share and Return on Assets, respectively. The three most important criteria in the third quarter are Technical Revenue Growth, Price Earnings Ratio and Earnings Per Share, respectively. In the last quarter, the most important criteria were Price Earnings Ratio, Return on Assets and Earnings Per Share, respectively. In the Ranking Results, according to CoCoSo, it was determined that the company with the best performance in the first quarter was AKGRT, TURSG in the second quarter, AKGRT in the third quarter, and AGESA in the last quarter. According to MABAC, the company with the best performance in the first quarter was AGESA, in the second quarter it was TURSG, in the third quarter it was AGESA, and in the last quarter it was the TURSG company. Key Words: MABAC Method, MEREC Method, CoCoSo Method, Insurance Companies, Performance Analysis, MCDM JEL Classification: G2, G20, G22.

 The concept of insurance can be defined as a way of taking precautionary measures against various financial risks or unexpected events that individuals or institutions may encounter in the future. The purpose of this study is to evaluate the financial performances of insurance companies in the XSGRT index for the four quarters of 2021. Accordingly, eight performance criteria were selected for the performance analysis of insurance companies. MEREC, MABAC and CoCoSo methods were used for the analysis of the study. Weights were determined by the MEREC method. Performance ranking was made by MABAC and CoCoSo method. According to the MEREC Method, the three most important criteria in the first quarter were Technical Revenue Growth, Price Earnings Ratio and Return on Assets, respectively. In the second quarter, the three most important criteria were determined as Price Earnings Ratio, Earnings Per Share and Return on Assets, respectively. The three most important criteria in the third quarter are Technical Revenue Growth, Price Earnings Ratio and Earnings Per Share, respectively. In the last quarter, the most important criteria were Price Earnings Ratio, Return on Assets and Earnings Per Share, respectively. In the Ranking Results, according to CoCoSo, it was determined that the company with the best performance in the first quarter was AKGRT, TURSG in the second quarter, AKGRT in the third quarter, and AGESA in the last quarter. According to MABAC, the company with the best performance in the first quarter was AGESA, in the second quarter it was TURSG, in the third quarter it was AGESA, and in the last quarter it was the TURSG company. Key Words: MABAC Method, MEREC Method, CoCoSo Method, Insurance Companies, Performance Analysis, MCDM JEL Classification: G2, G20, G22.

 Sigorta kavramı, gelecekte bireylerin veya kurumların karşılaşabilecekleri çeşitli maddi riskler veya beklenmedik bir şekilde gelişen olaylara karşı önceden alınan bir güvenlik tedbiri alma şekli olarak belirtilebilir. Bu çalışmanın amacı, XSGRT endeksinde bulunan sigorta şirketlerinin finansal performanslarını 2021 yılının dört çeyrek dönemi için değerlendirmektir. Bu doğrultuda sigorta şirketlerinin performans analizi için sekiz adet performans kriteri seçilmiştir. Çalışmanın analizi için MEREC, MABAC ve CoCoSo yöntemlerinden faydalanılmıştır. MEREC yöntemiyle ağırlıklar belirlenmiştir. MABAC ve CoCoSo yöntemiyle performans sıralaması yapılmıştır. MEREC Yöntemine göre, ilk çeyrekte sırasıyla en önemli üç kriter, Teknik Gelir Büyümesi, Fiyat Kazanç Oranı ve Aktif Kârlılığı olmuştur. İkinci çeyrekte sırasıyla en önemli üç kriter, Fiyat Kazanç Oranı, Hisse Başına Kâr ve Aktif Kârlılığı şeklinde tespit edilmiştir. Üçüncü çeyrekte en önem üç kriter sırasıyla, Teknik Gelir Büyümesi, Fiyat Kazanç Oranı ve Hisse Başına Kârdır. Son çeyrekte sırasıyla en önemli kriterler, Fiyat Kazanç Oranı, Aktif Kârlılığı ve Hisse Başına Kâr olmuştur. Sıralama Sonuçlarında, CoCoSoya göre, ilk çeyrekte en iyi performansı gösteren şirketin AKGRT olduğu, ikinci çeyrekte TURSG olduğu, üçüncü çeyrekte AKGRT olduğu ve son çeyrekte AGESA şirketinin olduğu tespit edilmiştir. MABACa göre, ilk çeyrekte en iyi performansı sergileyen şirketin AGESA olduğu, ikinci çeyrekte TURSG olduğu, üçüncü çeyrekte AGESA olduğu ve son çeyrekte ise TURSG şirketi şeklinde belirlenmiştir. Anahtar Kelimeler: MABAC Yöntemi, MEREC Yöntemi, CoCoSo Yöntemi, Sigorta Şirketleri, Performans Analizi, ÇKKV JEL Sınıflandırması: G2, G20, G22.

Makale detayları

Evaluation of the Financial Performance of the Companies in the BIST Insurance (XSGRT) Index in 2021 by MCDM Methods

Yazarlar:

Selahattin Bektaş

Yayıncı:

Manisa Celal Bayar University

Ana Başlıklar:

Bankacılık ve Sigortacılık (Diğer)

Dergi:

Yönetim ve Ekonomi Dergisi Vol.30 Issue 4, pp.787-815

Belge Tipi:

Makale

Yayın Tarihi:

12/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001305695

pISSN:

1302-0064

MABAC Method

MEREC Method

CoCoSo Method

Insurance Companies

Performance Analysis

MCDMMABAC Yöntemi

MEREC Yöntemi

CoCoSo Yöntemi

Sigorta Şirketleri

Performans Analizi

ÇKKV

Sayı

Makale detayları

Yazarlar: Selahattin Bektaş

Yayıncı: Manisa Celal Bayar University

Ana Başlıklar: Bankacılık ve Sigortacılık (Diğer)

Dergi: Yönetim ve Ekonomi Dergisi Vol.30 Issue 4, pp.787-815

Belge Tipi: Makale

Yayın Tarihi: 12/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001305695

pISSN: 1302-0064

Sayı

Yazarlar:

Selahattin Bektaş

Yayıncı:

Manisa Celal Bayar University

Ana Başlıklar:

Bankacılık ve Sigortacılık (Diğer)

Dergi:

Yönetim ve Ekonomi Dergisi Vol.30 Issue 4, pp.787-815

Belge Tipi:

Makale

Yayın Tarihi:

12/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001305695

pISSN:

1302-0064