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Financial Performance Evaluation of Sport Clubs Traded in Borsa Istanbul by Using Grey Relational Analysis

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  • Ceren Oral

Abstract

The aim of this study is to rank the sport clubs registered in Borsa Istanbul based on their financial performances. In this respect the averages of the 5-year-financial-table data from the years 2010-2014 for the enterprises engaged in the subject sector are used. Using the Grey Relational Analysis (GRA) method performance has been measured by means of liquidity, leverage and profitability. Ten financial ratios have been used for the study. Based on the obtained findings, the most significant indicator for measuring the financial performances of the sport clubs is the profitability. Furthermore the sport clubs have also been ranked in the study based on their actual performances.

Suggested Citation

  • Ceren Oral, 2016. "Financial Performance Evaluation of Sport Clubs Traded in Borsa Istanbul by Using Grey Relational Analysis," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(5), pages 293-299, May.
    • Handle: RePEc:ibn:ijefaa:v:8:y:2016:i:5:p:293-299
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    References listed on IDEAS

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    1. Feng, Cheng-Min & Wang, Rong-Tsu, 2000. "Performance evaluation for airlines including the consideration of financial ratios," Journal of Air Transport Management, Elsevier, vol. 6(3), pages 133-142.
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    Cited by:

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    2. Giampiero Maci & Vincenzo Pacelli & Elisabetta D'Apolito, 2021. "Societ〠Di Calcio Europee Quotate E Mercati Finanziari: Un'Analisi Empirica Sulle Determinanti Dei Corsi Azionari," Rivista di Diritto ed Economia dello Sport, Centro di diritto e business dello Sport, vol. 17(2), pages 69-90, novembre.

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    More about this item

    Keywords

    grey relational analysis; performance evaluation; financial ratio; sport clubs; Borsa Istanbul;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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