Purpose- Companies are classified as large, medium and small enterprises according to their scale. The purpose of the study discussed in this context is to compare the financial performance of the small, medium and large-scaled companies in manufacturing sector which has an important place in Turkey's economy, by addressing the 2014-2016 period. Methodology- In the study, 19 financial ratios related to liquidity, financial structure, activity and profitability were used. Firstly weights of criteria were determined by using AHP method and then companies were ranked according to scale by TOPSIS method. Findings- As a result of the analyzes, it was determined that small and medium scaled firms, although they have a significant volume in numerical terms, perform relatively poorly in terms of financial performance compared to large scale firms. Conclusion- It is thought that the main cause of this situation for small and medium scaled companies is not being able to benefit from scale economies and capital shortage.
Firm scale, AHP, TOPSIS, financial performance, manufacturing sector, Turkey