EXAMINATION OF FINANCIAL PERFORMANCE OF MANUFACTURING SECTOR COMPANIES IN THE BIST PARTICIPATION SUSTAINABILITY INDEX BY MEREC AND COBRA METHODS

dc.contributor.authorVatansever, Kemal
dc.contributor.authorBayraktar, Tuba
dc.date.accessioned2026-01-24T12:29:26Z
dc.date.available2026-01-24T12:29:26Z
dc.date.issued2025
dc.departmentAlanya Alaaddin Keykubat Üniversitesi
dc.description.abstractMeasuring corporate financial performance is crucial for maintaining competitive advantage, achieving profitability targets, and ensuring business continuity. The primary aim of this study is to evaluate the financial performance of manufacturing companies listed in the Borsa & Idot;stanbul (BIST) Participation Sustainability Index (XSRDK) between 2018 and 2023 by employing the multi-criteria decision-making (MCDM) methods MEREC and COBRA. The dataset consists of 13 manufacturing firms included in the index and eight financial ratios used as evaluation criteria. In the analysis, the MEREC method was applied to determine the weights of the criteria, while the COBRA method was used to rank the firms. A sensitivity analysis was conducted to assess the robustness of the results. Comparisons with alternative MCDM methods and weighting approaches revealed strong correlations across the yearly rankings, supporting the consistency and reliability of the proposed MEREC-COBRA approach in financial performance evaluation.
dc.identifier.doi10.30784/epfad.1677702
dc.identifier.endpage304
dc.identifier.issn2587-151X
dc.identifier.startpage275
dc.identifier.trdizinid1360903
dc.identifier.urihttps://doi.org/10.30784/epfad.1677702
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1360903
dc.identifier.urihttps://hdl.handle.net/20.500.12868/5347
dc.identifier.volume10
dc.identifier.wosWOS:001630539400012
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.publisherEconomic And Financial Research Assoc - Efad
dc.relation.ispartofEkonomi Politika & Finans Arastirmalari Dergisi
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20260121
dc.subjectParticipation
dc.subjectSustainability Index
dc.subjectFinancial Performance
dc.subjectManufacturing Sector
dc.subjectMEREC
dc.subjectCOBRA
dc.subjectMulti-Criteria Decision Making
dc.titleEXAMINATION OF FINANCIAL PERFORMANCE OF MANUFACTURING SECTOR COMPANIES IN THE BIST PARTICIPATION SUSTAINABILITY INDEX BY MEREC AND COBRA METHODS
dc.typeArticle

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