Performance Assessment of Real Estate Investment Trusts (REIT) Listed in BIST Via Different Multi Criteria Decision Making Methods

Namik Erdogan, Serpil Altinirmak and Caglar Karamasa

International Journal of Economics and Finance, 2016, vol. 8, issue 7, 304

Abstract: Firms’ performance assessment which gained crucial importance in last decades is essential issue for decision makers in financial sector. They can acquire competitive power by this way. In this study financial performance of twelve real estate investment trusts (REITs) listed in BIST is analyzed by using four financial indicators within the period of 2011-2015. Therefore firstly weights of criteria related to financial ratios are obtained by using Chang’s Extent Analysis Method on Fuzzy Analytic Hierarchy Process (FAHP). Following to this firms’ final rankings are determined by means of TOPSIS (Technique for Order Preference by Similarity to Ideal Solution) and VIKOR (Vise Kriterijumska Optimizacija I Kompromisno Resenje) methods respectively. Also ranking performance of these two methods is interpreted.

Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ibn:ijefaa:v:8:y:2016:i:7:p:304

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