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Financial Performance Analysis of Retail Trade Firms Registered in BIST with FUCOM Based VIKOR Method

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  • Didem Tezsürücü Çoşansu
  • Algın Okursoy

Abstract

Retailing is considered to be one of the sectors that have been growing in recent years and making significant contributions to the country's economy. In this sector where competition is intense, firms have to evaluate their financial performance in order to compete and see their current situation in the sector. In this study, it is aimed to identify the financial performances of firms in the BIST retail trade sector with FUCOM and VIKOR, which are multi criteria decision making (MCDM) methods. Financial ratios were used to determine the financial performances of the three firms with the most branches in the BIST retail trade sector between the years 2019-2021, and the weights of these financial ratios were determined by the FUCOM method. The performance ranking of retail trade firms was made using the VIKOR method using the weights obtained

Suggested Citation

  • Didem Tezsürücü Çoşansu & Algın Okursoy, 2022. "Financial Performance Analysis of Retail Trade Firms Registered in BIST with FUCOM Based VIKOR Method," Alphanumeric Journal, Bahadir Fatih Yildirim, vol. 10(2), pages 223-235, December.
    • Handle: RePEc:anm:alpnmr:v:10:y:2022:i:2:p:223-235
    DOI: https://doi.org/10.17093/alphanumeric.1205322
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    References listed on IDEAS

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    1. Opricovic, Serafim & Tzeng, Gwo-Hshiung, 2004. "Compromise solution by MCDM methods: A comparative analysis of VIKOR and TOPSIS," European Journal of Operational Research, Elsevier, vol. 156(2), pages 445-455, July.
    2. Tzeng, Gwo-Hshiung & Lin, Cheng-Wei & Opricovic, Serafim, 2005. "Multi-criteria analysis of alternative-fuel buses for public transportation," Energy Policy, Elsevier, vol. 33(11), pages 1373-1383, July.
    3. Željko Stević & Nikola Brković, 2020. "A Novel Integrated FUCOM-MARCOS Model for Evaluation of Human Resources in a Transport Company," Logistics, MDPI, vol. 4(1), pages 1-14, February.
    4. David Dyason & Peter Fieger & Girish Prayag & C. Michael Hall, 2022. "The Triple Blow Effect: Retailing in an Era of Disasters and Pandemics—The Case of Christchurch, New Zealand," Sustainability, MDPI, vol. 14(3), pages 1-16, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    FUCOM; Multi Criteria Decision Making; VIKOR;
    All these keywords.

    JEL classification:

    • C46 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Specific Distributions

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