Atıf Sayısı
16
Görüntüleme
7
Bu çalışmada, Borsa İstanbul (BIST) Orman Kâğıt Basım Endeksi’nde işlem gören firmaların nakit akım odaklı finansal performansları Bütünleşik Entropi-EDAS yöntemi kullanılarak karşılaştırmalı analiz edilmiştir. Analizde kullanılan yöntemler karar verici veya uzman görüşüne ihtiyaç duymayan objektif yöntemler oldukları için tercih edilmişlerdir. Çalışma kapsamında endekste yer alan 15 adet firma alınmış ve finansal performanslarının belirlenmesi için 2011-2018 yıllarına ait veriler kullanılmıştır. Çalışmada değerlendirme kriteri olarak, literatürde nakit akım odaklı finansal performans analizlerinde yaygın olarak kullanılan 12 adet finansal oran (kriter) seçilmiş ve bu kriterler bilanço, gelir tablosu ve nakit akım tabloları yardımıyla hesaplanmıştır. İlk olarak Entropi yöntemi ile kriterlerin ağırlıkları belirlenmiş ve daha sonra EDAS yöntemi ile firmaların performansları sıralanmıştır. 2011-2018 periyodu Entropi ağırlıkları ortalamalarına göre, İşletme Faaliyetlerinden Nakit Akışları / Duran Varlıklar oranı, önem düzeyi en yüksek kriter olmuştur. EDAS yöntemiyle yapılan performans sıralamalarında, KARTN firması 2015 yılı haricinde diğer yıllarda gösterdiği yüksek performans ile tüm yıllar ortalamasında en başarılı firma olmuştur. GENTS firması ikinci olurken, SAMAT ve HURGZ sıralamada son sıralarda yer almışlardır.
In this study, the financial performance of the companies trading in the Borsa Istanbul (BIST) Forest Paper Print Index is comparable with the use of the Integrated Entropi-EDAS method. The methods used in analysis are preferred because they are decision-making or objective methods that do not require expert opinion. In the framework of the study, 15 companies included in the index were taken and data from 2011-2018 were used to determine their financial performance. As the evaluation criterion in the study, 12 financial ratio (criters) used widely in the literature cash flow-oriented financial performance analysis were selected and these criteria were calculated with the help of balance sheets, income tables and cash flow tables. First, the weight of the criteria was determined by the Entropi method and then the performance of the companies was ranked by the EDAS method. In the period 2011-2018, according to the entropic weights average, the rate of cash flows / permanent assets from business activities has been the highest criterion for the level of importance. In performance rankings by EDAS method, KARTN company has been the most successful company in the average of all years with high performance in other years except 2015. While GENTS is the second company, SAMAT and HURGZ are in the last place in the ranking.
In this study, the cash flow-oriented financial performances of the companies traded on the Borsa İstanbul (BIST) Forest Paper Printing Index were analyzed comparatively using the Integrated Entropy-EDAS method. The methods used in the analysis are preferred because they are objective methods that do not require decision-makers or expert opinion. Within the scope of the study, 15 firms in the index were considered and data from the 2011-2018 period were used to determine their financial performances. In the study, 12 financial ratios (criteria), which are widely used in cash flow-oriented financial performance analysis, were selected in the literature and these criteria were calculated with the help of balance sheet, income statement, and cash flow statements. First, the weights of the criteria were determined by the Entropy method and then the performances of the companies were ranked by the EDAS method. According to the averages of Entropy weights in the period of 2011-2018, “Cash Flows from Operating Activities / Fixed Assets” rate has been the highest criterion for importance. According to the performance rankings made with the EDAS method; Apart from 2015, KARTN has been the most successful company in the ranking averages in all years with its high performance in other years. While GENTS was the second company, SAMAT and HURGZ took the last places in the ranking.
Dergi Türü : Uluslararası
Makale Detay 
Atıf Yapanlar
Benzer Makaleler
PDF Görüntüle
Dergi Bilgisi
Eseri Dinleyin
Bu Sayfayı Yazdırın
Paylaş
Mendeley
