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- Title
BORSA İSTANBUL TURİZM ENDEKSİ (XTRZM) FİRMALARININ ENTROPİ TEMELLİ ARAS, COPRAS VE TOPSIS YÖNTEMLERİ İLE FİNANSAL PERFORMANS ANALİZİ.
- Authors
TEMÜR, Ayşe SOY
- Abstract
Purpose: The purpose of this study is to evaluate the financial performance of companies listed in the Borsa Istanbul Tourism Index (XTRZM) with multi-criteria decision making (MCDM) methods. Methodology: In the study, the decision matrix was created by calculating the financial ratios frequently used in financial analyzes with the data obtained from the annual balance sheets and income statements of the companies for the years 2016-2020. Then, the weights were calculated using the Entropy method in order to make an objective evaluation. ARAS, COPRAS and TOPSIS methods were used to evaluate the financial performance of the enterprises and Spearman Rank Relationship Test was used to compare the results. Findings: As a result of the research, the company with the most successful financial performance in the analysis period was found to be MAALT in all applications, except for the 2020 TOPSIS method. In addition, when the stock returns in 2020 are evaluated; despite the negative financial statements of the tourism businesses highly affected by Covid-19, it was concluded that the highest share return in the research period belongs to this period. Originality: This study includes analyzes regarding the periods that significantly affect the tourism sector negatively. The study will contribute to the literature in terms of covering the periods that have serious impact on the tourism sector and including the rankings related to stock returns that have not been included in many studies in the literature.
- Publication
Verimlilik Dergisi, 2022, Issue 2, p183
- ISSN
1013-1388
- Publication type
Article
- DOI
10.51551/verimlilik.907897