Performance evaluation of companies trading in Turkey Borsa Istanbul technology index with TOPSIS and COPRAS methods

Burak Keskin and Bilgehan Tekin

International Journal of Business Excellence, 2024, vol. 34, issue 3, 396-416

Abstract: Technology companies play an essential role in determining countries' global policies, expanding the base of higher-wage jobs, increasing tax revenues and promoting balanced economic growth. Therefore, technology companies' financial performances, whose number and success are becoming more important nowadays, should be measured and followed continuously. Measuring companies' financial performance is also critical for determining potential investors' alternatives before and during the stock investment and making the best decision. In this study, the financial performance of technology companies included in the Borsa Istanbul (BIST) technology index (XUTEK) has been determined by multi-criteria decision-making methods based on financial ratios. TOPSIS and COPRAS methods were used in the study, and the five years data between 2015-2019 were considered. The companies' success ranking was made using these two methods for each year. According to the results, the average correlation between the two methods was found as 98%. Based on the five-year period, the most successful companies were LINK computer and DATAGATE computer, respectively. Additionally, the companies that carried out the worst performance were the ESCORT computer and NETAS in all years.

Keywords: financial performance; technology companies; TOPSIS; COPRAS; financial ratios. (search for similar items in EconPapers)
Date: 2024
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