Özet:

For developing countries such as Turkey, the good financial performance of sectors is critical for the future of the country’s economy and the profitability and continuity of companies. The chemical sector, taking into account its effects such as high added value, high-quality labor and export potential, is vital for economies. Measurement of financial performance, which includes a number of different criteria, i.e. the financial ratio, is an important and sensitive process for and economic sectors. Multi-criteria decision making methods can evaluate alternatives and facilitate analysis, taking into account multiple criteria. In this study, expert opinions were based on the foolish VIKOR method and the financial performance of the Turkish chemical sector was analyzed according to years and sub-sector. As an assessment criterion, 10 financial ratings used widely in financial performance analysis in literature have been selected. As application data, the annual sector balance sheets published by TCMB (Turkish Republic Central Bank) have been used. During the study, the chemistry sector was divided into four sub-sectors by TCMB. Since the current data of the four sub-sector is up to 2016, the study covers the 2010-2016 period. The study first calculated the seven-year financial performance of the chemical sub-sector between 2010 and 2016 separately, and subsequently examined whether there were differences in performance rankings between the sub-sector. In general, the sub-sectors have shown their best financial achievements in different years. In all the chemical sub-sectors, annual financial performance has followed a wave-down rather than a continuous increase or decrease. According to the spearman line correlation ratings; C-203 (Color and Similar Materials Manufacturing) and C-205 (Other Chemical Products Manufacturing) sub-sectors have been related to performance rankings for years. While the annual performance rankings of these two sub-sectors are similar to each other, the annual performance rankings in other sub-sectors are different. These findings show that the financial success of a sub-sector can be independent of each other. The reason for this is that it may be the subject of another study in the future. Keywords: Multi-Critical Decision Making (CPC), Financial Performance, Chemical Sector, VIKOR Method JEL Classification: C44, M40, L65

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