@article{article_331279, title={Evaluation of financial performance of paper companies traded at BIST with TOPSIS method}, journal={Kastamonu University Journal of Forestry Faculty}, volume={18}, pages={92–98}, year={2018}, DOI={10.17475/kastorman.331279}, author={Üçüncü, Tutku and Akyüz, Kadri Cemil and Akyüz, İlker and Bayram, Bahadır Çağrı and Ersen, Nadir}, keywords={Performans Analizi,TOPSIS metodu,Kağıt Sektörü}, abstract={<div style="border-top:solid 1pt;border-left:none;border-bottom:solid 1pt;border-right:none;padding:1pt 0cm 1pt 0cm;"> <p class="MsoNormal" style="text-align:justify;text-indent:14.2pt;border:none;padding:0cm;"> <i> <span lang="en-gb" style="font-size:10pt;font-family:’Times New Roman’, serif;" xml:lang="en-gb">Aim of study: </span> </i> <span lang="en-gb" style="font-size:10pt;font-family:’Times New Roman’, serif;" xml:lang="en-gb"> It was aimed to rank financial performance of companies in the paper industry
traded at BIST. </span> </p> <p> </p> <p class="MsoNormal" style="text-align:justify;text-indent:14.2pt;border:none;padding:0cm;"> <i> <span lang="en-gb" style="font-size:10pt;font-family:’Times New Roman’, serif;" xml:lang="en-gb">Material and methods: </span> </i> <span lang="en-gb" style="font-size:10pt;font-family:’Times New Roman’, serif;" xml:lang="en-gb"> The financial performances of seven
companies in the paper industry which are traded
on the Borsa İstanbul (BIST) were determined
by using financial data in 2016. For this purpose, ten financial ratios were obtained
from the financial data of companies, each of which had its own superiority. The data
were conducted by the TOPSIS (Technique for Order Preference by Similarity to
Ideal Solution) method which is the "Multi Criteria Decision Making"
(MCDM) method to interpret. </span> </p> <p> </p> <p class="MsoNormal" style="text-align:justify;text-indent:14.2pt;border:none;padding:0cm;"> <i> <span lang="en-gb" style="font-size:10pt;font-family:’Times New Roman’, serif;" xml:lang="en-gb">Main results: </span> </i> <span lang="en-gb" xml:lang="en-gb"> </span> <span lang="en-gb" style="font-size:10pt;font-family:’Times New Roman’, serif;" xml:lang="en-gb">The results indicated that the companies were ranked
follows; ALKA, KARTN, VKING, BAKAB, TIRE, OLMIP and KAPLM based on the
financial performance scores. </span> </p> <p> </p> <p class="MsoNormal" style="text-align:justify;text-indent:14.2pt;border:none;padding:0cm;"> <i> <span lang="en-gb" style="font-size:10pt;font-family:’Times New Roman’, serif;" xml:lang="en-gb">Research highlights: </span> </i> <span lang="en-gb" style="font-size:10pt;font-family:’Times New Roman’, serif;" xml:lang="en-gb"> In Turkey, production in paper industry meets nearly half of the consumption and paper demand are met by imports.
The high prices of energy and initial investment costs encourage imports of
paper products and they prevent new
investments. From this perspective, growth, development and high performance of
paper companies will keep this industry alive. </span> </p> <p> </p> </div>}, number={1}, publisher={Kastamonu Üniversitesi}