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Analysis of the Deposit Banks Quoted in BIST wıth Topsis and Entropy Methods in Terms of IMF Financial Soundness Indicators

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  • Mehmet Mete Karadağ

    (Istanbul Aydın University)

Abstract

The purpose of this study is to evaluate the financial soundness of the deposit banks quoted in BIST by using Entropi and TOPSIS methods which are multi-criteria decision making methods. In the study, IMF financial soundness indicators and 2018 data of deposit banks traded on Borsa Istanbul were used. In the first stage of the study, the weights of the criteria were determined using the Entropy method; then, the banks were ranked in terms of financial soundness with the TOPSIS method. As a result of the study, QNB Finansbank ranked first in terms of IMF financial strength indicators according to 2018 data. In second, Yapı ve Kredi Bankası A.Ş. took place.

Suggested Citation

  • Mehmet Mete Karadağ, 2021. "Analysis of the Deposit Banks Quoted in BIST wıth Topsis and Entropy Methods in Terms of IMF Financial Soundness Indicators," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 36(116), pages 119-142, October.
  • Handle: RePEc:acc:malfin:v:36:y:2021:i:116:p:119-142
    DOI: https://doi.org/10.33203/mfy.970497
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    Keywords

    Financial Soundness Indicators; TOPSIS; Entropy;
    All these keywords.

    JEL classification:

    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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