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Evaluating the Performance of the Turkish Insurance Sector for the Period 2002-2021 with MEREC, LOPCOW, COCOSO, EDAS CKKV Methods

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  • Selahattin BEKTAS

Abstract

The purpose of this study is to evaluate the performance of the Turkish insurance sector for the period 2002-2021. In the study, six performance criteria were determined to evaluate the performance of the Turkish insurance sector. A total of four different methods were used in the study, including two different criteria weighting methods and two different performance evaluation methods. In the weighting of the criteria, the MEREC and LOPCOW methods were used. COCOSO and EDAS methods were used in the performance evaluation. The results obtained from two different criteria weighting methods were combined with the common weighting method. According to the results of the criterion weighting, the most important criteria were determined as total compensation paid, total equity and total assets, respectively. According to the performance evaluation results, the best performance in COCOSO and EDAS method is 2020. Another result obtained is that except for the best alternative period (2020) in COCOSO and EDAS method, the other alternatives are quite different.

Suggested Citation

  • Selahattin BEKTAS, 2022. "Evaluating the Performance of the Turkish Insurance Sector for the Period 2002-2021 with MEREC, LOPCOW, COCOSO, EDAS CKKV Methods," Journal of BRSA Banking and Financial Markets, Banking Regulation and Supervision Agency, vol. 16(2), pages 247-283.
    • Handle: RePEc:bdd:journl:v:16:y:2022:i:2:p:247-283
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    More about this item

    Keywords

    LOPCOW; COCOSO; MEREC; EDAS; CKKV; Performance; Performance Measurement; Insurance Sector.;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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