Özet:

Financial failure, defined as the business’s failure to fulfill its obligations, can extend to the bankruptcy resulting in the clearance of its goods. The financial failure of leads to serious costs not only to their own stakeholders, but also to the country’s economy. Therefore, the prediction of financial failure is one of the key research issues in the field of finance. In this study, financial failure was estimated by comparing the classification power of ELECTRE TRI and FLOWSORT methods. In the article; 30 food, beverage and tobacco that are traded in the stock market in Istanbul have been determined as the 10 financial ratio criterion determined by the expert opinion. In calculating the importance of financial rates, the analytical hierarchy process method was used. According to the results obtained, the ELECTRE TRI method’s business correct classification rate was 77, and FLOWSORT method’s 57%.

Anahtar Kelimeler:

Özet:

Financial failure, defined as the inability of the enterprise to meet its obligations, may extend to bankruptcy result-ing in the liquidation of its assets. Financial failures of enterprises impose significant costs not only on their stakeholders but also on the national economy. Therefore, estimation of financial failure is one of the important research topics in finance. In this study, financial failure estimation was made by comparing the classification power of ELECTRE TRI and FLOWSORT methods. In this article, 10 financial ratios of 30 foods, beverage and tobacco enterprises which are traded on Borsa Istanbul, determined as criteria by expert opinions. Analytical Hierarchy Process method was used to calculate the importance weights of financial ratios. According to the results, the correct classification rate of the enterprises by ELECTRE TRI method was 77%, whereas that of FLOW-SORT method was 57%.