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Financial Performance Measurement with MAIRCA Method: Application on Turkish Banking Sector

Author

Listed:
  • Yusuf Bahadır Kavas

    (Amasya University, Merzifon Vocational School)

  • Batuhan Medetoğlu

    (Mehmet Akif Ersoy University, Ağlasun Vocational School)

Abstract

This study was conducted to determine the financial performance measurement using eight financial ratios of 11 banks with total assets of 1% or more in 2021. The financial ratios of banks between 2014-2021 were obtained and analyzed using the MAIRCA method. According to the findings, the bank with the best performance in 2021 is İşbank. The bank with the worst performance in the same year was VakıfBank. DenizBank showed the best financial performance between 2016-2018. Yapı Kredi had the worst financial performance between 2016-2017. The most striking result is that Halkbank displayed the worst financial performance between 2018-2019.

Suggested Citation

  • Yusuf Bahadır Kavas & Batuhan Medetoğlu, 2024. "Financial Performance Measurement with MAIRCA Method: Application on Turkish Banking Sector," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 39(122), pages 44-58, October.
    • Handle: RePEc:acc:malfin:v:39:y:2024:i:122:p:44-58
    DOI: https://doi.org/10.33203/mfy.1423653
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    More about this item

    Keywords

    Turkish Banking System; Financial Performance; Multi-Criteria Decision Making; MAIRCA Method;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • 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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