FINANCIAL PERFORMANCE ANALYSIS OF BIST SUSTAINABILITY 25 INDEX COMPANIES WITH MULTI-CRITERIA DECISION-MAKING METHODS

Cem Kartal; Zafer Özdil; Mürüvet Acar Karaboğa

Makale detayları

FINANCIAL PERFORMANCE ANALYSIS OF BIST SUSTAINABILITY 25 INDEX COMPANIES WITH MULTI-CRITERIA DECISION-MAKING METHODS

Yazarlar:

Cem Kartal | Zafer Özdil | Mürüvet Acar Karaboğa

Yayıncı:

Zonguldak Bulent Ecevit University

Ana Başlıklar:

Ekonometrik ve İstatistiksel Yöntemler | Finans ve Yatırım (Diğer)

Dergi:

Uluslararası Yönetim İktisat ve İşletme Dergisi Vol.20 Issue ICMEB'24 Özel Sayı, pp.79-100

Belge Tipi:

Makale

Yayın Tarihi:

10/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001317404

pISSN:

2147-9208

Anahtar kelimeler:

Özet:

 Corporate Sustainability ensures that companies gain added value in the long term by managing the risks that may arise due to adapting social, environmental, and economic factors to the managerial activities and decision-making mechanisms of companies. With establishing the BIST Sustainability Index, companies could compare their corporate sustainability performance nationally and internationally. The index has contributed to companies improving their sustainability performance and setting new targets. It has enabled companies to improve their ability to manage risks that may arise in sustainability issues. Measuring the financial performance of companies that ensures corporate sustainability will provide companies with the opportunity to make a situation assessment about the periods in which performance is measured and will guide the decisions to be taken in future periods. The financial data of 25 companies in the BIST Sustainability 25 Index, which consists of large and liquid companies with high sustainability performance, obtained from independently audited financial reports for the periods 2014 - 2022, and Net Profit Margin, Operating Profit Margin, which are the most widely used financial performance measurement criteria in the literature, Return on Assets, Return on Equity and Economic Efficiency are analyzed with the CRITIC, COCOSO and EDAS methods, which are multi-criteria decision-making methods, and the financial performance analysis of the companies in the BIST Sustainability 25 Index are evaluated comparatively and a financial performance ranking is created.

 Corporate Sustainability ensures that companies gain added value in the long term by managing the risks that may arise due to adapting social, environmental, and economic factors to the managerial activities and decision-making mechanisms of companies. With establishing the BIST Sustainability Index, companies could compare their corporate sustainability performance nationally and internationally. The index has contributed to companies improving their sustainability performance and setting new targets. It has enabled companies to improve their ability to manage risks that may arise in sustainability issues. Measuring the financial performance of companies that ensures corporate sustainability will provide companies with the opportunity to make a situation assessment about the periods in which performance is measured and will guide the decisions to be taken in future periods. The financial data of 25 companies in the BIST Sustainability 25 Index, which consists of large and liquid companies with high sustainability performance, obtained from independently audited financial reports for the periods 2014 - 2022, and Net Profit Margin, Operating Profit Margin, which are the most widely used financial performance measurement criteria in the literature, Return on Assets, Return on Equity and Economic Efficiency are analyzed with the CRITIC, COCOSO and EDAS methods, which are multi-criteria decision-making methods, and the financial performance analysis of the companies in the BIST Sustainability 25 Index are evaluated comparatively and a financial performance ranking is created.

 Corporate Sustainability ensures that companies gain added value in the long term by managing the risks that may arise due to adapting social, environmental, and economic factors to the managerial activities and decision-making mechanisms of companies. With establishing the BIST Sustainability Index, companies could compare their corporate sustainability performance nationally and internationally. The index has contributed to companies improving their sustainability performance and setting new targets. It has enabled companies to improve their ability to manage risks that may arise in sustainability issues. Measuring the financial performance of companies that ensures corporate sustainability will provide companies with the opportunity to make a situation assessment about the periods in which performance is measured and will guide the decisions to be taken in future periods. The financial data of 25 companies in the BIST Sustainability 25 Index, which consists of large and liquid companies with high sustainability performance, obtained from independently audited financial reports for the periods 2014 - 2022, and Net Profit Margin, Operating Profit Margin, which are the most widely used financial performance measurement criteria in the literature, Return on Assets, Return on Equity and Economic Efficiency are analyzed with the CRITIC, COCOSO and EDAS methods, which are multi-criteria decision-making methods, and the financial performance analysis of the companies in the BIST Sustainability 25 Index are evaluated comparatively and a financial performance ranking is created.

 BIST Sürdürülebilirlik Endeksi kurulması ile firmalara kurumsal sürdürülebilirlik performanslarını, ulusal ve uluslararası endekslerde karşılaştırma olanağı sağlanmıştır. Endeks, firmalara sürdürülebilirlik performanslarını iyileştirme yapmalarına ve yeni hedefler belirlemelerine katkı sağlamış olmakla firmaların sürdürülebilirlik konularında oluşacak riskleri yönetme konusunda kabiliyetlerini geliştirmelerini sağlamıştır. Çalışmada, Kurumsal sürdürülebilirliklerini sağlayan firmaların finansal performanslarının ölçülmesi, firmalara performans ölçümü yapılan dönemler hakkında durum değerlendirmesi yapma imkanı vererek, gelecek dönemlerde alınacak kararlarda yol gösterici olması amaçlanmıştır. Sürdürülebilirlik performansı yüksek, büyük ve likit firmalardan oluşan BIST Sürdürülebilirlik 25 Endeksinde yer alan 25 firmanın, 2014  2022 dönemlerine ait finansal verileri kullanılarak finansal performans ölçüm kriterlerinden olan Net Kar Marjı, Faaliyet Kar Marjı, Aktif Karlılığı, Öz kaynak Karlılığı ve Ekonomik Verimliliği ile ÇKKV yöntemleri olan CRITIC, COCOSO ve EDAS yöntemleri ile finansal performans analizi yapılmıştır. Analizler sonucunda; 2014-2017 yılları arasında TTRAK firması, 2017-2022 yılları arasında FROTO firması finansal performans sıralamasında ilk üçte yer alarak en iyi finansal performansa sahip firmalar olmuştur. 2015, 2016, 2018 ve 2019 yıllarında MGROS firması, 2014-2021 yıllarında YKBNK firması finansal performans sıralamasında son sıralarda yer alarak en kötü finansal performansa sahip firmalar olmuştur..

Makale detayları

FINANCIAL PERFORMANCE ANALYSIS OF BIST SUSTAINABILITY 25 INDEX COMPANIES WITH MULTI-CRITERIA DECISION-MAKING METHODS

Yazarlar:

Cem Kartal | Zafer Özdil | Mürüvet Acar Karaboğa

Yayıncı:

Zonguldak Bulent Ecevit University

Ana Başlıklar:

Ekonometrik ve İstatistiksel Yöntemler | Finans ve Yatırım (Diğer)

Dergi:

Uluslararası Yönetim İktisat ve İşletme Dergisi Vol.20 Issue ICMEB'24 Özel Sayı, pp.79-100

Belge Tipi:

Makale

Yayın Tarihi:

10/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001317404

pISSN:

2147-9208

: Sustainability

MCDM

BIST

COCOSO

EDASSürdürülebilirlik

ÇKKV

BIST

COCOSO

EDAS

Sayı

Makale detayları

Yazarlar: Cem Kartal | Zafer Özdil | Mürüvet Acar Karaboğa

Yayıncı: Zonguldak Bulent Ecevit University

Ana Başlıklar: Ekonometrik ve İstatistiksel Yöntemler | Finans ve Yatırım (Diğer)

Dergi: Uluslararası Yönetim İktisat ve İşletme Dergisi Vol.20 Issue ICMEB'24 Özel Sayı, pp.79-100

Belge Tipi: Makale

Yayın Tarihi: 10/2024

Belge Dili: Türkçe

Document ID (Org No.): 2001317404

pISSN: 2147-9208

Sayı

Yazarlar:

Cem Kartal | Zafer Özdil | Mürüvet Acar Karaboğa

Yayıncı:

Zonguldak Bulent Ecevit University

Ana Başlıklar:

Ekonometrik ve İstatistiksel Yöntemler | Finans ve Yatırım (Diğer)

Dergi:

Uluslararası Yönetim İktisat ve İşletme Dergisi Vol.20 Issue ICMEB'24 Özel Sayı, pp.79-100

Belge Tipi:

Makale

Yayın Tarihi:

10/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001317404

pISSN:

2147-9208