Performance Analysis of Private Pension Companies in Türkiye: Entropy and TOPSIS Method

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Dumlupınar Üniversitesi Sosyal Bilimler Dergisi
Sayı: 84
Performance Analysis of Private Pension Companies in Türkiye: Entropy and TOPSIS Method

Performance Analysis of Private Pension Companies in Türkiye: Entropy and TOPSIS Method

Authors : Levent Sezal, Mesut Doğan

Pages : 396-410

Doi:10.51290/dpusbe.1632718

View : 128 | Download : 75

Publication Date : 2025-04-30

Article Type : Research Paper

Abstract :The main purpose of the individual pension system is to direct the savings accumulated by individuals throughout their working lives into long-term investments, ensuring that they obtain an income to maintain their standard of living during retirement. Private pension companies are key components of the financial system, contributing to capital accumulation and fostering economic growth through the long-term funds they generate. This study seeks to assess the financial performance of thirteen private pension companies operating in Türkiye, utilizing eight financial ratios based on data from 2022. Initially, the entropy method was employed to determine the weight of each financial ratio criterion. Subsequently, the TOPSIS method was applied for performance analysis. According to the TOPSIS results, a ranking of private pension companies was established, identifying Viennalife Pension.
Keywords : Çok kriterli karar verme, Finansal performans ölçümü, Bireysel emeklilik şirketleri, Entropi yöntemi, TOPSİS yöntemi

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