THE RELATIONSHIP BETWEEN FINANCIAL PERFORMANCE AND EFFICIENCY OF MANUFACTURING SUB-SECTORS: A COST INPUT-ORIENTED APPROACH

Şenol Bardi

Makale detayları

THE RELATIONSHIP BETWEEN FINANCIAL PERFORMANCE AND EFFICIENCY OF MANUFACTURING SUB-SECTORS: A COST INPUT-ORIENTED APPROACH

Yazarlar:

Şenol Bardi

Yayıncı:

Anadolu University

Ana Başlıklar:

Finance

Dergi:

Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 2, pp.459-490

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001320387

pISSN:

2687-184X

Anahtar kelimeler:

Özet:

 Considering that prices are determined by the market, enterprises can gain superiority over their competitors by controlling cost components and increasing their profitability. In this study, the financial performance of manufacturing sub-sectors traded on the BIST is measured using the Gray Relational Analysis GRA method. Then, the relative efficiencies of the manufacturing sub-sectors were determined by using the Data Envelope Analysis DEA input-oriented variable returns to scale BCC model using operating expense ratios. In the study, 21 financial ratios selected from liquidity, activity, financial structure, profitability, operating expenses and 22 ratios with the inclusion of the financing expenses ratio were used. The analysis covers the 2017-2022 operating periods. According to the findings, operating expenses rank first in determining the financial performance of the sectors. It can be said that observations with high degree of association are relatively efficient, while observations with low degree of association consist of inefficient observations.

 Considering that prices are determined by the market, enterprises can gain superiority over their competitors by controlling cost components and increasing their profitability. In this study, the financial performance of manufacturing sub-sectors traded on the BIST is measured using the Gray Relational Analysis GRA method. Then, the relative efficiencies of the manufacturing sub-sectors were determined by using the Data Envelope Analysis DEA input-oriented variable returns to scale BCC model using operating expense ratios. In the study, 21 financial ratios selected from liquidity, activity, financial structure, profitability, operating expenses and 22 ratios with the inclusion of the financing expenses ratio were used. The analysis covers the 2017-2022 operating periods. According to the findings, operating expenses rank first in determining the financial performance of the sectors. It can be said that observations with high degree of association are relatively efficient, while observations with low degree of association consist of inefficient observations.

 Considering that prices are determined by the market, enterprises can gain superiority over their competitors by controlling cost components and increasing their profitability. In this study, the financial performance of manufacturing sub-sectors traded on the BIST is measured using the Gray Relational Analysis GRA method. Then, the relative efficiencies of the manufacturing sub-sectors were determined by using the Data Envelope Analysis DEA input-oriented variable returns to scale BCC model using operating expense ratios. In the study, 21 financial ratios selected from liquidity, activity, financial structure, profitability, operating expenses and 22 ratios with the inclusion of the financing expenses ratio were used. The analysis covers the 2017-2022 operating periods. According to the findings, operating expenses rank first in determining the financial performance of the sectors. It can be said that observations with high degree of association are relatively efficient, while observations with low degree of association consist of inefficient observations.

 Fiyatların piyasa tarafından belirlendiği dikkate alındığında işletmeler, maliyet bileşenlerini kontrol altına alıp kârlılıklarını artırarak rakiplerine üstünlük sağlayabilmektedirler. Bu çalışmada BİSTte işlem gören imalat alt sektörlerin finansal performansları Gri İlişkisel Analiz GİA yöntemi ile ölçülmeye çalışılmıştır. Daha sonra işletme gider oranları kullanılarak Veri Zarfla Analizi VZA girdi odaklı ölçeğe göre değişken getiri BCC modeli ile alt imalat sektörlerinin göreli etkinlikleri belirlenmiştir. Çalışmada likidite, faaliyet, mali yapı, kârlılık, faaliyet giderleri arasından seçilen 21 finansal oran ile finansman giderleri oranının da dahil edilmesi ile birlikte 22 adet oran kullanılmıştır. Analizler, 2017-2022 faaliyet dönemlerini kapsamaktadır. Bulgulara göre işletme giderleri, sektörlerin finansal performans derecelerinin belirlenmesinde ilk sırada yer almaktadır. Finansal performans üzerinde etkisi en az olan göstergeler ise likidite ve kârlılık göstergeleridir. Gri ilişkisel analiz sonuçlarından elde edilen bulgularla sektörlerin etkinlik dereceleri hesaplanmıştır. İlişki derecesi yüksek olan gözlemlerin göreli etkin oldukları; ilişki derecesi düşük olan gözlemlerin etkin olmayan gözlemlerden oluştuğu tespit edilmiştir.

Makale detayları

THE RELATIONSHIP BETWEEN FINANCIAL PERFORMANCE AND EFFICIENCY OF MANUFACTURING SUB-SECTORS: A COST INPUT-ORIENTED APPROACH

Yazarlar:

Şenol Bardi

Yayıncı:

Anadolu University

Ana Başlıklar:

Finance

Dergi:

Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 2, pp.459-490

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001320387

pISSN:

2687-184X

Gray Relational Analysis

Cost Effectiveness

Financial Performance

BISTGri İlişkisel Analiz

Maliyet Etkinlik Ölçümü

Finansal Performans

BİST

Sayı

Makale detayları

Yazarlar: Şenol Bardi

Yayıncı: Anadolu University

Ana Başlıklar: Finance

Dergi: Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 2, pp.459-490

Belge Tipi: Makale

Yayın Tarihi: 6/2024

Belge Dili: Türkçe

Document ID (Org No.): 2001320387

pISSN: 2687-184X

Sayı

Yazarlar:

Şenol Bardi

Yayıncı:

Anadolu University

Ana Başlıklar:

Finance

Dergi:

Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 2, pp.459-490

Belge Tipi:

Makale

Yayın Tarihi:

6/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001320387

pISSN:

2687-184X