IDEAS home Printed from https://ideas.repec.org/a/isp/journl/v10y2016i1p458-472.html
   My bibliography  Save this article

Analyzing Securities Investment Trusts Traded In Bist Via Ahp-Promethee Methodology

Author

Listed:
  • Serpil Altınırmak
  • Bayezid Gülcan
  • Çağlar Karamaşa

Abstract

It is important to make investment in capital markets for smaller investors by reducing their risks. For this purpose, collective investment undertakings consisted of mutual funds and investment trusts are established. Investment trusts as collective investment undertakings are the institutions of capital markets established as corporation. They are pursuant to registered capital basis with the purpose of managing portfolios composed of gold and other precious metals traded in national and international stock exchanges and over the counter markets via capital market instruments. Apart from other trusts securities investment trusts’ activity area is classified as managing portfolios composed of gold and other precious metals by only capital market instruments. In this study it is aimed to evaluate the performance of nine securities investment trusts traded in BIST via AHP-PROMETHEE methodology. Data sets for this study are financial ratios consist of nine securities investment trusts traded in BIST. While weights of financial ratios are found by using AHP, rankings of securities investment trusts are obtained via PROMETHEE. Furthermore, each year’s sensitivity analysis in terms of criteria and GAIA plane which can be used for visual representation of ranking results is constructed.

Suggested Citation

  • Serpil Altınırmak & Bayezid Gülcan & Çağlar Karamaşa, 2016. "Analyzing Securities Investment Trusts Traded In Bist Via Ahp-Promethee Methodology," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 10(1), pages 458-472.
    • Handle: RePEc:isp:journl:v:10:y:2016:i:1:p:458-472
    as

    Download full text from publisher

    File URL: https://www.scientific-publications.net/get/1000019/1472363679383250.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    financial performance analysis; securities investment trusts; ahp; promethee;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:isp:journl:v:10:y:2016:i:1:p:458-472. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Svetoslav Ivanov (email available below). General contact details of provider: https://www.scientific-publications.net/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.