Prioritizing wholesale companies based on their financial performance: A multi-criteria decision analysis (MCDA) approach

Authors : Orhan Emre Elma

Pages : 1-14

View : 69 | Download : 101

Publication Date : 2023-12-17

Article Type : Research Paper

Abstract :Financial markets are considered among the vital indicators that can signalize the development of countries. Shares traded in these markets attract the attention of various financial stakeholders. On the other hand, capital markets, as in many other fields, have been affected by the uncertainty brought by the pandemic. In complex scenarios where many variables come into play, multi-criteria decision-making analyzes (MCDA) are used to make accurate inferences. Companies operating in the wholesale sector and traded on Borsa Istanbul, which contribute to the growth rate and export level that Türkiye has achieved in recent years, were analyzed through MCDA methods in this study. Relevant companies were examined with TOPSIS and ELECTRE III methods for 8 periods when the pandemic was felt most intensely. In the study, where 6 different criteria were weighted with CRITIC, companies were ranked according to the scores produced by the aforementioned methods. Notably, both methods identified the same companies as the top-performing alternative for 6 of the 8 periods examined. Since both methods examined produce consistent results, these methods are recommended as a decision support system that financial decision makers can use together in the periods of uncertainty.
Keywords : Sermaye Piyasaları, Finansal Performans, ÇKKA