AN EVALUATION OF ALTERNATİVE METHODS FOR FINANCIAL PERFORMANCE: EVIDENCE FROM TURKEY (ISTANBUL STOCK EXCHANGE)
DOI:
https://doi.org/10.5281/zenodo.4429808Abstract
This study aims to determine which financial performance ranking methods accurately predict the actual rankings by using multiple criteria decision techniques, and it compares the accuracy of the rankings based on the financial performance indicators and the market based approach which involves market value and average return. Companies listed in BIST50 index (Borsa Istanbul) were investigated, as a result, when considering average return, Promethee and Copras produced similar and consistent rankings. Besides, since it places emphasize on the functional structures of variables, Promethee method was noted to produce the most accurate rankings, thus deemed most effective method helping investors give rational decisions.
Downloads
Published
How to Cite
Issue
Section
License
The Author(s) must make formal transfer of copyright for each article prior to publication in the International Journal of Contemporary Economics and Administrative Sciences. Such transfer enables the Journal to defend itself against plagiarism and other forms of copyright infringement. Your cooperation is appreciated. You agree that copyright of your article to be published in the International Journal of Contemporary Economics and Administrative Sciences is hereby transferred, throughout the World and for the full term and all extensions and renewals thereof, to International Journal of Contemporary Economics and Administrative Sciences.
The Author(s) reserve(s): (a) the trademark rights and patent rights, if any, and (b) the right to use all or part of the information contained in this article in future, non-commercial works of the Author's own, or, if the article is a "work-for-hire" and made within the scope of the Author's employment, the employer may use all or part of the information contained in this article for intra-company use, provided the usual acknowledgements are given regarding copyright notice and reference to the original publication.
The Author(s) warrant(s) that the article is Author's original work, and has not been published before. If excerpts from copyrighted works are included, the Author will obtain written permission from the copyright owners and shall credit the sources in the article. The author also warrants that the article contains no libelous or unlawful statements, and does not infringe on the rights of others. If the article was prepared jointly with other Author(s), the Author agrees to inform the co-Author(s) of the terms of the copyright transfer and to sign on their behalf; or in the case of a "work-for-hire" the employer or an authorized representative of the employer.
The journal is registered with the ISSN : 1925-4423.
IJCEAS is licensed under a Creative Commons Attribution 4.0 International License.
This license lets others distribute, remix, tweak, and build upon your work, even commercially, as long as they credit you for the original creation. This is the most accommodating of licenses offered. Recommended for maximum dissemination and use of licensed materials.
