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Measuring Bank Performance with Gray Relational Analysis: The Case of Turkey

Author

Listed:
  • Mesut DOGAN

    (Afyon Kocatepe University, Bayat Vocational School, Department of Business Management)

Abstract

Banking sector is one of the most important factors in development of economy. A strong and healthy banking sector is considered to be a prerequisite for sustainable economic growth. In this study, the aim is to apply Gray Relational Analysis (GRA) to measure and compare financial performances of 10 banks with common stock trading in Istanbul Stock Exchange (ISE) between the years of 2005–2011. Another aim of the study is to reduce the number of financial rates, which determine bank performance, and by doing so, identify which financial rate is more important in measuring performance. As a result of GRA method, “Akbank” was the first and “Yapi Kredi Bank” was the last in terms of financial performance. Another finding of the study was that a bank with high “Return on Assets” could also have a high financial performance.

Suggested Citation

  • Mesut DOGAN, 2013. "Measuring Bank Performance with Gray Relational Analysis: The Case of Turkey," Ege Academic Review, Ege University Faculty of Economics and Administrative Sciences, vol. 13(2), pages 215-225.
    • Handle: RePEc:ege:journl:v:13:y:2013:i:2:p:215-225
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    More about this item

    Keywords

    Gray relational analysis; financial performance; banking; Turkey; varlýk karlýlýðý.;
    All these keywords.

    JEL classification:

    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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