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Financial Performance Assessment of Large Scale Conglomerates Via Topsis and Critic Methods

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  • Halim Kazan
  • Omer Ozdemir

Abstract

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.

Suggested Citation

  • Halim Kazan & Omer Ozdemir, 2014. "Financial Performance Assessment of Large Scale Conglomerates Via Topsis and Critic Methods," International Journal of Management and Sustainability, Conscientia Beam, vol. 3(4), pages 203-224.
    • Handle: RePEc:pkp:ijomas:v:3:y:2014:i:4:p:203-224:id:956
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    Cited by:

    1. Kumaran, Sunitha, 2022. "Financial performance index of IPO firms using VIKOR-CRITIC techniques," Finance Research Letters, Elsevier, vol. 47(PA).
    2. Onur Selcuk & Hatice Karakas & Beykan Cizel & Emre Ipekci Cetin, 2023. "How does tourism affect protected areas?: A multi-criteria decision making application in UNESCO natural heritage sites," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 117(2), pages 1923-1944, June.
    3. Leilei Jiao & Fumin Deng & Xuedong Liang, 2017. "Sustainable Urbanization Synergy Degree Measures—A Case Study in Henan Province, China," Sustainability, MDPI, vol. 10(1), pages 1-19, December.
    4. Ayşegül Tuş & Esra Aytaç Adalı, 2019. "The new combination with CRITIC and WASPAS methods for the time and attendance software selection problem," OPSEARCH, Springer;Operational Research Society of India, vol. 56(2), pages 528-538, June.
    5. Kuo-Hsiang CHEN & Ching-Chien LIANG & Ya-Hsueh LEE, 2017. "Kansei approach for the design of functional products for the elderly," European Journal of Multidisciplinary Studies Articles, Revistia Research and Publishing, vol. 2, ejms_v2_i.
    6. Mehmet Islamoglu & Mehmet Apan & Ahmet Oztel, 2015. "An Evaluation of the Financial Performance of REITs in Borsa Istanbul: A Case Study Using the Entropy-Based TOPSIS Method," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 6(2), pages 124-138, April.
    7. Taufiq Hidayat, 2016. "The Impact of Financial Conglomeration on Risk and Return Performance in Indonesia Banking Industry," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 6(2), pages 1135-1135.
    8. Ahmed Imran Hunjra & Hasnain Mehmood & Haroon Bakari, 2018. "Co-Movement between Macroeconomic Variables and Capital Flight," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 8(9), pages 1185-1195, September.
    9. Wei, Jing & Zhang, Jianjun & Wu, Xia & Song, Zeyu, 2022. "Governance in mining enterprises: An effective way to promote the intensification of resources—Taking coal resources as an example," Resources Policy, Elsevier, vol. 76(C).

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