Ranking Insurance Companies in Turkey Based on Their Financial Performance Indicators Using VIKOR Method
Melis Ercan () and
International Journal of Academic Research in Accounting, Finance and Management Sciences, 2016, vol. 6, issue 2, 104-113
Financial performance evaluation of firms is a kind of multi-criteria decision making (MCDM) problem which has multiple and conflicting criteria (financial ratios). Companies should monitor their performance indicators in order to ensure appropriate and timely decisions and plans. The aim of this study is to evaluate the financial performance of five listed insurance companies in the Istanbul Stock Exchange (Borsa IstanbulBIST) during 2010–2015 (quarterly) periods. VIKOR method is used for the ranking of firms. Our model shows that Avivasa Emeklilik and Hayat A.S. (AVISA) is the best performing insurance company in these five companies during the years 2010–2015.
Keywords: Financial performance; Turkish insurance sector; Multi Criteria Decision Making (MCDM); VIKOR method; ranking (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:hur:ijaraf:v:6:y:2016:i:2:p:104-113
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