EconPapers    
Economics at your fingertips  
 

Imkb’de Islem Goren Cimento Sektorundeki Sirketlerin Finansal Performanslarinin VIKOR Yontemi Ile Siralanmasi

Unal H. Ozden (), Ozlem Deniz Basar () and Seda Bagdatli Kalkan ()
Additional contact information
Unal H. Ozden: Istanbul Commerce University
Ozlem Deniz Basar: Istanbul Commerce University
Seda Bagdatli Kalkan: Istanbul Commerce University

Istanbul University Econometrics and Statistics e-Journal, 2012, vol. 17, issue 1, 23-44

Abstract: The aim of the study is ranking financial performances of cement industry companies with VIKOR method which is one of the multi-criteria decision making (MCDM) techniques. The cement industry is the Turkey's most important sector of the construction industry and this study is about the companies that provide input to the cement industry. VIKOR (Vise Kriterijumska Optimizacija I Kompromisno Resenje) method has been developed for the solution of decision making problems which cannot be measured in same units or having controversial criteria. In this method criteria are appraised together and alternatives generates optimum solution from the closest feasible solutions or using for ranking alternatives based on their performance. In the study financial indicators of cement companies in 2011 were used as criteria. To be objective the weights of the criteria used in this study were asked to people who are expert about the market. As a result, financial performance of the companies which traded on the ISE by the cement industry are ranked with the VIKOR method. The spearman correlation coefficient were used for investigating relationships between obtained rankings and stock returns of these companies.

Keywords: VIKOR; MCDM; Cement Industry; Ranking (search for similar items in EconPapers)
JEL-codes: L25 C44 D D81 G11 L61 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://eidergisi.istanbul.edu.tr/sayi17/iueis17m2.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ist:ancoec:v:17:y:2012:i:1:p:23-44

Access Statistics for this article

More articles in Istanbul University Econometrics and Statistics e-Journal from Department of Econometrics, Faculty of Economics, Istanbul University Contact information at EDIRC.
Series data maintained by Kutluk Kagan Sumer ().

 
Page updated 2017-09-29
Handle: RePEc:ist:ancoec:v:17:y:2012:i:1:p:23-44