PERFORMANCE ANALYSIS OF BIST INSURANCE COMPANIES WITH CRITIC BASED PROMETHEE II METHOD

Tuğba Gökdemir; Gül Emel

Makale detayları

PERFORMANCE ANALYSIS OF BIST INSURANCE COMPANIES WITH CRITIC BASED PROMETHEE II METHOD

Yazarlar:

Tuğba Gökdemir | Gül Emel

Yayıncı:

Dicle University

Ana Başlıklar:

Finansal Kurumlar

Dergi:

Dicle Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.13 Issue 26, pp.598-625

Belge Tipi:

Makale

Yayın Tarihi:

11/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001304174

pISSN:

1309-4602

Anahtar kelimeler:

Özet:

 The share and impact of the insurance sector in the global economy and financial markets is significant. Financial performance measurements and monitoring play an important role in the successful operation of insurance companies in dynamic economy and intense competition conditions. In this study, the financial performance of insurance companies operating in Borsa Istanbul BIST will be measured with the CRITIC-PROMETHHE II HYBRID method, one of the Multi-Criteria Decision Making MCDM methods, using financial ratios for the three-year period covering the years 2020-2022. Seven basic financial ratios have been determined to evaluate the financial performance of the insurance companies under review. The financial data of the companies examined were taken from the financial statements published on the Public Disclosure Platform KAP website and the selected financial ratios were calculated for each company. According to the results of the study, it was seen that Türkiye Sigorta A.Ş. in 2020-2021 and Agesa Hayat Emeklilik A.Ş. in 2022 had the highest performance. It has been determined that Anadolu Hayat Emeklilik A.Ş. is in the last place in the performance ranking in all three years. In addition, it has been determined that the most effective financial ratio for the insurance companies considered is the Current Ratio for 2020 and 2022, and the Return on Equity Ratio for 2021. In the literature review, no study was found in which the analysis of the financial performance of insurance companies was examined with the CRITIC-based PROMETHEE II method. In addition, the PROMETHEE method was examined under the title of European School for the first time in domestic literature reviews. With these aspects, it is thought that the study is original and will contribute to the literature.

 The share and impact of the insurance sector in the global economy and financial markets is significant. Financial performance measurements and monitoring play an important role in the successful operation of insurance companies in dynamic economy and intense competition conditions. In this study, the financial performance of insurance companies operating in Borsa Istanbul BIST will be measured with the CRITIC-PROMETHHE II HYBRID method, one of the Multi-Criteria Decision Making MCDM methods, using financial ratios for the three-year period covering the years 2020-2022. Seven basic financial ratios have been determined to evaluate the financial performance of the insurance companies under review. The financial data of the companies examined were taken from the financial statements published on the Public Disclosure Platform KAP website and the selected financial ratios were calculated for each company. According to the results of the study, it was seen that Türkiye Sigorta A.Ş. in 2020-2021 and Agesa Hayat Emeklilik A.Ş. in 2022 had the highest performance. It has been determined that Anadolu Hayat Emeklilik A.Ş. is in the last place in the performance ranking in all three years. In addition, it has been determined that the most effective financial ratio for the insurance companies considered is the Current Ratio for 2020 and 2022, and the Return on Equity Ratio for 2021. In the literature review, no study was found in which the analysis of the financial performance of insurance companies was examined with the CRITIC-based PROMETHEE II method. In addition, the PROMETHEE method was examined under the title of European School for the first time in domestic literature reviews. With these aspects, it is thought that the study is original and will contribute to the literature.

 The share and impact of the insurance sector in the global economy and financial markets is significant. Financial performance measurements and monitoring play an important role in the successful operation of insurance companies in dynamic economy and intense competition conditions. In this study, the financial performance of insurance companies operating in Borsa Istanbul BIST will be measured with the CRITIC-PROMETHHE II HYBRID method, one of the Multi-Criteria Decision Making MCDM methods, using financial ratios for the three-year period covering the years 2020-2022. Seven basic financial ratios have been determined to evaluate the financial performance of the insurance companies under review. The financial data of the companies examined were taken from the financial statements published on the Public Disclosure Platform KAP website and the selected financial ratios were calculated for each company. According to the results of the study, it was seen that Türkiye Sigorta A.Ş. in 2020-2021 and Agesa Hayat Emeklilik A.Ş. in 2022 had the highest performance. It has been determined that Anadolu Hayat Emeklilik A.Ş. is in the last place in the performance ranking in all three years. In addition, it has been determined that the most effective financial ratio for the insurance companies considered is the Current Ratio for 2020 and 2022, and the Return on Equity Ratio for 2021. In the literature review, no study was found in which the analysis of the financial performance of insurance companies was examined with the CRITIC-based PROMETHEE II method. In addition, the PROMETHEE method was examined under the title of European School for the first time in domestic literature reviews. With these aspects, it is thought that the study is original and will contribute to the literature.

 Sigorta sektörünün küresel ekonomi ve finans piyasaları içindeki payı ve etkisi önemlidir. Sigorta şirketlerinin dinamik ekonomi ve yoğun rekabet koşullarında başarılı bir şekilde faaliyet göstermelerinde finansal performans ölçümleri ve takibi önemli rol oynamaktadır. Bu çalışmada, Borsa İstanbul BISTde faaliyet gösteren sigorta şirketlerinin finansal performansları 2020-2022 yıllarını kapsayan üç yıllık dönem için finansal oranlar kullanılarak Çok Kriterli Karar Verme ÇKKV yöntemlerinden CRITIC temelli PROMETHHE II Hibrit yöntemi ile ölçülecektir. İncelemeye alınan sigorta şirketlerinin finansal performanslarını değerlendirmek için yedi temel finansal oran belirlenmiştir. İncelenen şirketlerin finansal verileri Kamuyu Aydınlatma Platformu KAP web sitesinde yayınlanan finansal durum tablolarından alınmış ve her şirket için seçilmiş olan finansal oranlar tek tek hesaplanmıştır. Çalışmanın sonuçlarına göre 2020-2021 yıllarında Türkiye Sigorta A.Ş.nin, 2022 yılında ise Agesa Hayat Emeklilik A.Ş. nin en yüksek performansa sahip olduğu görülmüştür. Her üç yılda da Anadolu Hayat Emeklilik A.Ş.nin performans sıralamasında son sırada yer aldığı tespit edilmiştir. Ayrıca ele alınan sigorta şirketleri için en etkili finansal oranın 2020 ve 2022 yılları için Cari Oran, 2021 yılı için ise Özkaynak Karlılığı Oranı olduğu tespit edilmiştir. Literatür incelemesinde sigorta şirketlerinin finansal performansının analizinin CRITIC temelli PROMETHEE II yöntemi ile incelendiği bir çalışmaya rastlanmamıştır. Ayrıca yerli literatür taramalarında PROMETHEE yöntemini Avrupa Ekolü başlığı altında inceleyen bir çalışmaya rastlanmamıştır. Bu yönleri ile çalışmanın özgün olup literatüre katkı sağlayacağı açıktır.

Makale detayları

PERFORMANCE ANALYSIS OF BIST INSURANCE COMPANIES WITH CRITIC BASED PROMETHEE II METHOD

Yazarlar:

Tuğba Gökdemir | Gül Emel

Yayıncı:

Dicle University

Ana Başlıklar:

Finansal Kurumlar

Dergi:

Dicle Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.13 Issue 26, pp.598-625

Belge Tipi:

Makale

Yayın Tarihi:

11/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001304174

pISSN:

1309-4602

Financial Performance Analysis

Financial Ratios

CRITIC

PROMETHEE II MethodFinansal Performans Analizi

Finansal Oranlar

CRITIC

PROMETHEE II Yöntemi

Sayı

Makale detayları

Yazarlar: Tuğba Gökdemir | Gül Emel

Yayıncı: Dicle University

Ana Başlıklar: Finansal Kurumlar

Dergi: Dicle Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.13 Issue 26, pp.598-625

Belge Tipi: Makale

Yayın Tarihi: 11/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001304174

pISSN: 1309-4602

Sayı

Yazarlar:

Tuğba Gökdemir | Gül Emel

Yayıncı:

Dicle University

Ana Başlıklar:

Finansal Kurumlar

Dergi:

Dicle Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.13 Issue 26, pp.598-625

Belge Tipi:

Makale

Yayın Tarihi:

11/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001304174

pISSN:

1309-4602