Performance Ranking of Turkish Life Insurance Companies Using AHP and TOPSIS

Ilyas Akhisar and Necla Tunay
Additional contact information
Ilyas Akhisar: Marmara University, Turkey
Necla Tunay: Marmara University, Turkey

from University of Primorska, Faculty of Management Koper

Abstract: The need for ongoing performance measurement and the determination of the key factors related with efficiency and effectiveness of firm is substantial in consequence of globalization and the competition for the firms. Traditionally, different sectors have their own performance measurement criteria in terms of financial ratios focusing on the success of a business in the sector. The study makes a framework for measurement taking into account the factors of the Turkish life insurance sector and determining the effects of parameters on the performance. In order to find the performance rank of the life insurance companies in Turkey according to financial ratios weights for each company, we use AHP and TOPSIS method. Performance scores of life insurance companies were obtained by TOPSIS related with companies’ weighted financial ratios. Consequently, the performances of the insurance companies weren't changed during analyzed period.

Keywords: AHP; TOPSIS; Turkish life insurance sector; financial ratios; performance ranking (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.fm-kp.si/zalozba/ISBN/978-961-266-181-6/93.pdf full text (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:mgt:micp15:241-250

Access Statistics for this chapter

More chapters in MIC 2015: Managing Sustainable Growth; Proceedings of the Joint International Conference, Portorož, Slovenia, 28–30 May 2015 from University of Primorska, Faculty of Management Koper Contact information at EDIRC.
Bibliographic data for series maintained by Alen Jezovnik (alen.jezovnik@fm-kp.si).