EVALUATION OF FINANCIAL PERFORMANCES OF TECHNOLOGY COMPANIES TRADED IN BORSA İSTANBUL USING TOPSIS MULTI-CRITERIA DECISION-MAKING METHOD

Authors

  • Hatice Özkurt Çokgüngör İstanbul-Cerrahpaşa University, Social Sciences Vocational School, İstanbul, Turkey

DOI:

https://doi.org/10.29121/granthaalayah.v11.i12.2023.5451

Keywords:

Financial Analysis, Technology, TOPSIS Method

Abstract [English]

The technology sector, which makes significant contributions to the economy of countries, has the ability to provide high added value. When we look at the distinction between developed and developing countries in the world, we see that the technology sector is at the forefront. Especially when we look at the distinction between developed and developing countries, we see that the importance given to the technology sector is more prominent in developed countries in terms of sector. Investors use many ways to evaluate their investments. One of these is the stock market. Although it is a very challenging process, it requires knowledge, experience and detailed strategy. By following what is happening in the markets, analyzing moment by moment, and using the right time and strategies, investing in the stock market can become profitable. The aim of this study is to reveal the financial situation of the activities of the companies in the technology sector in BIST 100 using the TOPSIS method.

Downloads

Download data is not yet available.

References

Akkaya, G. C. (2004). Finansal Rasyolar Yardımıyla Havayolları İşletmelerinin Performansının Değerlendirilmesi. Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Sayı, 19(1), 15-29.

Al-Qatnani, K. (2004). The Effect of Using Accounting Information on the Administrative Performance of Jordanian Public Share holding Companies. Amman, Jordan: University of Jordan.

Atmaca, M. (2012). “İMKB’de İşlem Gören Spor Şirketlerinin TOPSIS Yöntemi İle Finansal Performans Değerlendirmesi. İktisat, İşletme ve Finans Dergisi, 27(320), 91-108. https://doi.org/10.3848/iif.2012.320.3478. DOI: https://doi.org/10.3848/iif.2012.320.3478

Batty, J. (1969). Management Accountancy (Ed. 3rd). Macdonald & Evans Ltd.

Bo, J., & Haidong, L. (2008). Research on Financial Early Warning for Listed Companies Based on TOPSIS Method.

Bulgurcu, B. (2012). Application of TOPSIS Technique for Financial Performance Evaluation of Technology Firms in Istanbul Stock Exchange Market. Procedia-Social and Behavioral Sciences, 62, 1033–1040. https://doi.org/10.1016/j.sbspro.2012.09.176. DOI: https://doi.org/10.1016/j.sbspro.2012.09.176

Demireli, E. (2010). TOPSİS Çok Kriterli Karar Verme Sistemi: Türkiye’deki Kamu Bankaları Üzerine Bir Uygulama. Girişimcilik ve Kalkınma Dergisi, Sayı, 5(1), 101-112.

Ertuğrul, İ., & Karakasoğlu, N. (2009). Performance Evaluation of Turkish Cement Firms with Fuzzy Analytic Hierarchy Process and TOPSIS Methods. Expert Systems with Applications, 36, 702–715. https://doi.org/10.1016/j.eswa.2007.10.014. DOI: https://doi.org/10.1016/j.eswa.2007.10.014

Feng, C.-M., & Wang, R.-T. (2000). Performance Evaluation For Airlines Including The Consideration of Financial Ratios. Journal of Air Transport Managemant, Sayı, 6, 133-142. https://doi.org/10.1016/S0969-6997(00)00003-X. DOI: https://doi.org/10.1016/S0969-6997(00)00003-X

Feng, C.-M., & Wang, R.-T. (2001). Considering The Financial Ratios on The Performance Evaluation of Highway Industry. Transport Reviews, Sayı, 21(4), 449-467. https://doi.org/10.1080/01441640010020304. DOI: https://doi.org/10.1080/01441640010020304

Hwang, C. L., & Yoon, K. (1981). Multiple Attribute Decision Making: Methods and Applications. New York: Springer-Verlag. DOI: https://doi.org/10.1007/978-3-642-48318-9

Kahveci, M., & Turna, İ. (2016). BİST’te İşlem Gören Turizm İşletmelerinin TOPSIS Tekniği ile Finansal Performanslarının Analizi ve Değerlendirilmesi. Muhasebe ve Denetime Bakış Dergisi, 48, 99-114.

Kim, G., & Jung, S. (2011). Exploiting the Decision-Making Tecnique to Explore the Relationship Between the Financial Factors and the Stock Preference.

Orçun, Ç., & Eren, S. (2017). TOPSIS Yöntemi ile Finansal Performans Değerlendirmesi: XUTEK Üzerinde Bir Uygulama. Muhasebe ve Finansman Dergisi, (75), 139-154. https://doi.org/10.25095/mufad.399899. DOI: https://doi.org/10.25095/mufad.399899

Torlak, G., Şevkli, M., Sanal, M., & Zaim, S. (2011). Analyzing Business Competition by Using Fuzzy TOPSIS Method: An Example of Turkish Domestic Airline Industry. Expert Systems with Applications, Sayı, 38, 3396– 3406. https://doi.org/10.1016/j.eswa.2010.08.125. DOI: https://doi.org/10.1016/j.eswa.2010.08.125

Uygurtürk, H., & Korkmaz, T. (2012). Finansal Performansın TOPSIS Çok Kriterli Karar Verme Yöntemi İle Belirlenmesi: Ana Metal Sanayi İşletmeleri Üzerine Bir Uygulama. Eskişehir Osmangazi Üniversitesi İİBF Dergisi, 7(2), 95-115.

Vataliya, K. (2009). Financial Accounting. India: Paradise Publisher.

Wang, T.-C., & Hsu, J.-C. (2004). Evaluation of the Business Operation Performance of the Listing Companies by Applying TOPSIS Method. IEEE International Conference on Systems, Man and Cybernestics, Sayı: 2, 1286-1291. https://doi.org/10.1109/ICSMC.2004.1399802. DOI: https://doi.org/10.1109/ICSMC.2004.1399802

Wang, T.-C., Chang, J.-F., Anh, T.-N., & Chang, T.-S. (2010). Applying TOPSIS Method to Evaluate the Business Operation Performance of Vietnam Listing Securities Companies. International Conference on Computational Aspects of Social Networks, IEEE Computer Society, 273-277. https://doi.org/10.1109/CASoN.2010.69. DOI: https://doi.org/10.1109/CASoN.2010.69

Yoon, K. (1987). A Reconciliation Among Discrete Compromise Situations. Journal of the Operational Research Society, 38(3), 277-286. https://doi.org/10.2307/2581948. DOI: https://doi.org/10.1057/jors.1987.44

Yurdakul, M., & İç, Y. (2003). Türk Otomotiv Firmalarının Performans Ölçümü ve Analizine Yönelik Topsıs Yöntemini Kullanan Bir Örnek Çalışma. Gazi Üniversitesi, Mühendislik ve Mimarlık Fakültesi Dergisi, 18(1), 1-18.

Yükçü, S., & Atağan, G. (2010). TOPSIS Yöntemine Göre Performans Değerleme. Muhasebe ve Finansman Dergisi, Sayı, 1(45), 28-35.

Özgüven, N. (2011). Kriz Döneminde Küresel Perakendeci Aktörlerin Performanslarının TOPSIS Yöntemi İle Değerlendirilmesi. Atatürk Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Sayı, 25(2), 151-162.

Downloads

Published

2024-01-13

How to Cite

Çokgüngör, H. Özkurt. (2024). EVALUATION OF FINANCIAL PERFORMANCES OF TECHNOLOGY COMPANIES TRADED IN BORSA İSTANBUL USING TOPSIS MULTI-CRITERIA DECISION-MAKING METHOD. International Journal of Research -GRANTHAALAYAH, 11(12), 130–148. https://doi.org/10.29121/granthaalayah.v11.i12.2023.5451