Open AccessFinancial Performance Assessment of Large Scale Conglomerates Via Topsis and Critic Methods
Author(s) -
Halim Kazan,
Ömer Faruk Özdemir
Publication year - 2014
Publication title -
international journal of management and sustainability
Language(s) - English
Resource type - Journals
eISSN - 2306-9856
pISSN - 2306-0662
DOI - 10.18488/journal.11/2014.3.4/11.4.203.224
Subject(s) - topsis , stock exchange , financial ratio , business , finance , scale (ratio) , order (exchange) , economics , mathematical economics , geography , cartography
In this study, TOPSIS method was used to analyze financial statements of the fourteen large-scale conglomerates which are traded on Istanbul Stock Exchange (ISE). At first, the study used CRITIC METHOD to calculate nineteen financial ratios of these holdings over three periods (2009-2011), and found their financial ratio weights. TOPSIS method was applied to the nineteen financial ratio calculated, and the conglomerates were given financial performance scores in accordance with the results reached. Financial performance scores of these conglomerates were compared in order to make an inference as to their future behaviors.