KURUMSAL YÖNETİM ENDEKSİ KAPSAMINDAKİ İŞLETMELERİN FİNANSAL PERFORMANS ANALİZİ

2016 ◽  
Vol 4 (2) ◽  
Author(s):  
Fatih Temizel ◽  
Hamza Doğan ◽  
Berfu Ece Bayçelebi
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Capital Market ◽  
Solution Method ◽  
Topsis Method ◽  
Governance Index ◽  
Order Preference ◽  
Topsis Technique ◽  
Independent Rating ◽  
Performance Ranking

According to regulations of Capital Market Board (CMB), Corporate Governance Principles Compliance Notes are given by independent rating institutions to companies whose shares are traded on Borsa İstanbul. Via those notes the 50 most successful companies on corporate governance are determined. In order to obtain indicators for the price and yield analysis, the 50 most successful shares are included in the Borsa İstanbul Corporate Governance Index. In this study with the exception of financial sector companies, financial performance ranking of 34 out of 50 companies of the Corporate Governance Index is performed by TOPSIS (Technique for Order Preference by Similarity to Ideal Solution) method. TOPSIS method was used based on the 10 financial ratios of the companies. 5 year performance rankings covering the years 2011-2015 were obtained and the ranking changes were examined. Finally, the 5-year average performance rankings were calculated and financial performance ratings of the companies in the index for 5 years is revealed.

scholarly journals Assessing the Impact of Corporate Governance Index on Financial Performance in the Romanian and Italian Banking Systems

2021 ◽  
Vol 13 (10) ◽  
pp. 5535
Author(s):  
Marco Benvenuto ◽  
Roxana Loredana Avram ◽  
Alexandru Avram ◽  
Carmine Viola
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Banking Sector ◽  
Research Question ◽  
Interactive Effect ◽  
Banking System ◽  
Capital Adequacy ◽  
Banking Systems ◽  
Governance Index ◽  
The Impact

Background: Our study aims to verify the impact of corporate governance index on financial performance, namely return on assets (ROA), general liquidity, capital adequacy and size of company expressed as total assets in the banking sector for both a developing and a developed country. In addition, we investigate the interactive effect of corporate governance on a homogenous and a heterogeneous banking system. These two banking systems were chosen in order to assess the impact of corporate governance on two distinct types of banking system: a homogenous one such as the Romanian one and a heterogeneous one such as the Italian one. The two systems are very distinct; the Romanian one is represented by only 34 banks, while the Italian one comprises more than 350 banks. Thus, our research question is how a modification in corporate governance legislation is influencing the two different banking systems. The research implication of our study is whether a modification in legislation, thus in the index of corporate governance, is feasible for two different banking sectors and what the best ways to increase the financial performance of banks are without compromising their resilience. Methods: Using survey data from the Italian and Romanian banking systems over the period 2007–2018, we find that the corporate governance has a significant, positive and long-lasting effect on profitability and capital adequacy in both countries. Results: Taking the size of the company into consideration, the impact of the Index of Corporate Governance (ICG) on a homogenous banking system is positive while the impact on a heterogeneous banking system is negative. Conclusions: Our study provides evidence of the impact of IGC on financial performance and sheds light on the importance of the size of the company. Therefore, one can state that the corporate governance principles applied do not encourage the growth of large banks in heterogeneous banking sectors, thereby suggesting new avenues of research associated with new perspectives.

scholarly journals Fuzzy Topsis in the Assessment of OHS Management System

2019 ◽  
Vol 1 (1) ◽  
pp. 18-25
Author(s):  
Joanna Tabor
Keyword(s):  
Health And Safety ◽  
Fuzzy Topsis ◽  
Point Of View ◽  
Assessment Criteria ◽  
Management Systems ◽  
Manufacturing Companies ◽  
Topsis Method ◽  
Furniture Manufacturing ◽  
Order Preference ◽  
Topsis Technique

AbstractOccupational health and safety (OHS) management is a cycle of decision-making processes, many of which are in fact multi-criterion processes in nature. Therefore, it is important to look for and develop tools to support decision-makers in their actions aimed at improving work safety levels. The objective of this paper is to propose and verify the fuzzy TOPSIS (Technique for Order Preference by Similarity to Ideal Solution) method applied to compare and assess the ways OHS management systems function in different companies. The fuzzy TOPSIS method has already been used for a number of years in assessments of alternative solutions in many different areas, but the application that uses ordered fuzzy numbers is quite original in nature. It is especially beneficial to use the fuzzy approach in OHS management systems, as it makes it possible for experts to assess different criteria using most frequently used linguistic variables. The adopted approach was verified in the study of OHS management systems in four furniture manufacturing companies. Assessment criteria were requirements of the PN-N 18001: 2004 Standard. Thanks to the ordered fuzzy TOPSIS method, the analysed OHS management systems were streamlined from the point of view of 24 assessment criteria, and the best and the worst functioning system was identified. The approach presented here may constitute a significant tool for improving OHS management systems.

PENGARUH IMPLEMENTASI GOOD CORPORATE GOVERNANCE TERHADAP KINERJA KEUANGAN PERUSAHAAN

2019 ◽  
Vol 14 (1) ◽  
pp. 47
Author(s):  
Bambang Purnomo Hediono ◽  
Insiwijati Prasetyaningsih
Keyword(s):  
Corporate Governance ◽  
Linear Regression ◽  
Financial Performance ◽  
Linear Regression Model ◽  
Stock Price ◽  
Stock Exchange ◽  
Operating Profit ◽  
Good Corporate Governance ◽  
Governance Index ◽  
Positive Effect

This study aims to examine the effect of Good Corporate Governance (GCG) implementation on  company,s financial performance. Sample size in this study were 16 companies listed on the Indonesia Stock Exchange. The Company’s Good Corporate Governance Index Score is based on ranking the SWA Governance Index. The analytical method used in this study uses a linear regression model. The results showed that GCG had a positive effect on corporate income, operating profit and post-tax profit. This shows that GCG has a positive effect on financial performance. Meanwhile, GCG  has no significant effect on stock price. Key Words: Good Corporate Governance (GCG), Financial Performance ABSTRAK Penelitian ini bertujuan untuk menguji pengaruh implementasi Good Corporate Governance (GCG) terhadap kinerja keuangan Perusahaan. Ukuran sampel dalam penelitian ini adalah 16 perusahaan yang terdaftar di Bursa Efek Indonesia. Skor Indek GCG Perusahaan mendasarkan pada perangkingan Indek Tata Kelola SWA.  Metode analisis yang digunakan dalam penelitian ini menggunakan model regresi  linier. Hasil penelitian menunjukkan bahwa GCG berpengaruh positif terhadap pendapatan perusahaan, laba operasional dan laba setelah pajak. Hal ini menunjukkan bahwa implementasi GCG berpengaruh positif terhadap kinerja keuangan. Sementara itu, GCG tidak berpengaruh signifikan terhadap kinerja harga saham.  Kata Kunci: Good Corporate Governance (GCG), Kinerja Keuangan

Financial Performance Analysis of Companies Registered on BIST Corporate Governance Index

2021 ◽  
pp. 121-142
Author(s):  
Haşim Bağcı ◽  
Ceyda Yerdelen Kaygın
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Stock Exchange ◽  
Important Indicator ◽  
Time Period ◽  
Istanbul Stock Exchange ◽  
Governance Index ◽  
Significance Levels ◽  
Promethee Method ◽  
Petroleum Refineries

The aim of this study is to measure the 2018 financial performance of 49 businesses that are registered in the Istanbul Stock Exchange Corporate Governance Index. Therefore, the financial performances of 49 businesses were compared to the ROA, ROE, ROS, and MV performance indicators that were determined for the measurement of financial performance. For comparison, first, the significance levels of the indicators were determined by the AHP method, and MV was determined to be the most important indicator. The PROMETHEE method was used to be able to financially compare the businesses, and Tüpraş Türkiye Petrol Rafinerileri A.Ş. (Tüpraş Turkey Petroleum Refineries Inc.) was the most successful corporate governance business within the specified time period. The least successful business is Pınar Su ve İçecek Sanayi ve Ticaret A.Ş. (Pınar Water and Drink Industry and Trade Inc).

Optimal Location of Sub-Station Using Q-GIS and Multi-Criteria Decision Making Approach

2018 ◽  
Vol 10 (2) ◽  
pp. 65-79 ◽  
Author(s):  
Shabbir Uddin ◽  
Sandeep Chakravorty ◽  
Amitava Ray ◽  
Karma Sonam Sherpa
Keyword(s):  
Site Selection ◽  
Solution Method ◽  
Assessment Method ◽  
Optimal Location ◽  
Multi Criteria Decision Making ◽  
Order Preference ◽  
Topsis Technique ◽  
Strength Of Association ◽  
Selection Of

In this article, methodologies have been proposed for site selection of sub-station considering technical and non-technical constraints. Firstly, a systematic frame has been developed considering various factors that influence the optimal location of the sub-station. Various factors considered are evaluated using DEMATEL-QFD. An evaluation has been done between the outcome of the TOPSIS (Technique for order preference by similarity to ideal solution) method and the COPRAS (Compressed Proportional Assessment) method. Finally, Spearman rank co-relation co-efficients indicates the strength of association of both the methodologies. A case study is done using GIS to prove the justification of the methodologies to the applied area. The application of the methodologies will help the decision maker improve the plan, location and grid renovation of the distribution sub-stations.

scholarly journals APPLICATION OF TOPSIS METHOD IN PRIORITIZATION OF HIGHWAY BRIDGES FOR SEISMIC RETROFITTING

2014 ◽  
Vol 6 (3) ◽  
pp. 114-123 ◽  
Author(s):  
Ali Yousefi ◽  
Mohd Sanusi S. Ahamad ◽  
Taksiah A. Majid
Keyword(s):  
Decision Making ◽  
Highway Bridges ◽  
Seismic Retrofitting ◽  
Topsis Method ◽  
Analytic Hierarchy ◽  
Highway Network ◽  
Order Preference ◽  
Multiple Alternative ◽  
Topsis Technique ◽  
Alternative Routes

The process of bridges seismic retrofitting in the highway network is extremely costly and time consuming. In addition, the constraint on resources prevents the retrofitting of all the bridges at the same time. Besides, the bridges must be prioritized with simultaneous consideration of multiple criteria, including technical and socioeconomic aspect. This study intends to identify the major criteria and consider them simultaneously for prioritization of highway bridges additionally provides an effective technique for weighing these criteria. In this research, TOPSIS (Technique for Order Preference by Similarity to an Ideal Solution) method as a Multi-Criteria Decision-Making (MCDM) model is applied. TOPSIS method enables decision makers to deal with problems involving a large number of alternatives (bridges) and criteria. This methodology reduces multiple alternative (bridge) performances into a single value (ranking score) to facilitate the decision-making process for determination of the most suitable bridges for retrofitting. Suggested criteria include structural vulnerability, seismic hazard, anticipated service life, average daily traffic, interface with other lifelines, alternative routes and bridge importance. Moreover, relative importance (weight) of the criteria is assigned using Analytic Hierarchy Process (AHP) technique. The proposed method is applied to a real case of the Isfahan highway network.

Sign in / Sign up

Export Citation Format

Share Document