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Ranking of Foreign Trade Capital Companies in Türkiye Using Critic-Copras Methods

Cilt: 11 Sayı: 1 28 Şubat 2026
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Ranking of Foreign Trade Capital Companies in Türkiye Using Critic-Copras Methods

Öz

Foreign trade is a key driver of economic growth, reducing external debt dependency, supporting industrial production, creating employment, and stabilizing the current account balance. In this framework, Foreign Trade Capital Companies (FTCCs) act as strategic intermediaries that facilitate SMEs’ access to global markets through financing, logistics, and promotion. Their corporate structures and international networks strengthen the competitiveness of Turkish products and ensure continuity of exports even during crises. The sustainability of FTCC activities is therefore essential not only for expanding trade volume but also for supporting long-term growth. This study evaluates the efficiency of FTCCs in Türkiye using the CRITIC-COPRAS method, which applies an objective weighting system and expresses the relative performance of firms in percentage terms. Seventeen financial ratios across liquidity, activity, financial structure, profitability, and market performance were analyzed for pre-pandemic (2017–2019) and pandemic (2020–2022) periods. The results show that the Leverage Ratio (debt to total assets) was the most influential criterion, while Net Profit to Equity was the least significant. İzmir Demir Çelik ranked highest before COVID-19, whereas Federal Mogul Türkiye led during the pandemic. Findings highlight the importance of leverage management for building resilience in crises and strengthening competitiveness. This study evaluates the efficiency of FTCCs in Türkiye using the CRITIC-COPRAS method, which applies an objective weighting system and expresses the relative performance of firms in percentage terms. Seventeen financial ratios across liquidity, activity, financial structure, profitability, and market performance were analyzed for pre-pandemic (2017–2019) and pandemic (2020–2022) periods. The results show that the Leverage Ratio (debt to total assets) was the most influential criterion, while Net Profit to Equity was the least significant. İzmir Demir Çelik ranked highest before COVID-19, whereas Federal Mogul Türkiye led during the pandemic. Findings highlight the importance of leverage management for building resilience in crises and strengthening competitiveness.

Anahtar Kelimeler

Foreign Trade Capital Companies, Ranking, Financial Performance, Multi-criteria decision making

Kaynakça

  1. Acer, A., Genç, T., & Dinçer, E. (2020). Türkiye’de faaliyet gösteren bireysel emeklilik şirketlerinin performansının entropi ve COPRAS yöntemi ile değerlendirilmesi. İstanbul Gelişim Üniversitesi Sosyal Bilimler Dergisi, 7(1), 153–169. https://doi.org/10.17336/igusbd.560975
  2. Ahmadsaraei, M. S., Koshksaray, A. A., Soleimani, M., & Kazemi, Z. (2022). Sustainable supply chain risk in food packaging industry: Integrated Delphi-CRITIC-COPRAS method using fuzzy set theory. International Journal of Business, 2(1), 61–78. https://doi.org/10.35745/ijbsi2022v02.01.0006
  3. Ak, Ö. K., Babuşçu, Ş., & Hazar, A. (2021). BIST banka endeksinde yer alan mevduat bankalarının finansal performanslarının COPRAS yöntemiyle değerlendirilmesi. Çankırı Karatekin Üniversitesi Sosyal Bilimler Enstitüsü Dergisi, 12(1), 280–305.
  4. Akbalık, M., Yurttadur, M., & Taşcı, M. Z. (2022). Entropi ve COPRAS yöntemleriyle finansal performans analizi: Mevduat ve katılım bankaları karşılaştırması. Bankacılık ve Sigortacılık Araştırmaları Dergisi, 16, 13–27.
  5. Akbulut, O. Y. (2023). Türkiye’de faaliyet gösteren katılım bankalarının finansal performansının CRITIC temelli COPRAS yöntemiyle değerlendirilmesi. Uluslararası Güncel Sosyal Bilimler Dergisi, 2(1), 15–24. https://doi.org/10.37880/cumuiibf.1173166
  6. Akçacı, T., & Güleç, O. (2025). Döngüsel ekonomi: Entropi ve CRITIC yöntemleri ile ampirik bulgular. Akademik İzdüşüm Dergisi, 10(1), 1–32.
  7. Akkaynak, B. (2023). Ar-Ge yatırımları ve finansal performans: Dış ticaret sermaye şirketleri üzerine bir uygulama. Enderun, 7(1), 18–36.
  8. Altıntaş, F. F. (2022). E-devlet performanslarının SD, entropi, CRITIC ve IVP tabanlı COPRAS yöntemleri ile analizi: G20 ülkeleri örneği. Cumhuriyet University Journal of Economics & Administrative Sciences / Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi, 23(4). https://doi.org/10.37880/cumuiibf.1143706
  9. Analı, İ. (1999). Ulaştırma modeli ve Türk tekstil sektöründeki dış ticaret sermaye şirketlerinin ihracatlarının ulaştırma modeli yardımıyla optimizasyonu (Master’s thesis, Marmara Üniversitesi, Türkiye).
  10. Anthony, P., Behnoee, B., Hassanpour, M., & Pamucar, D. (2019). Financial performance evaluation of seven Indian chemical companies. Decision Making: Applications in Management and Engineering, 2(2), 81–99. https://doi.org/10.31181/dmame1902021a

Kaynak Göster

APA
Baysal, Y. V. (2026). Ranking of Foreign Trade Capital Companies in Türkiye Using Critic-Copras Methods. Bulletin of Economic Theory and Analysis, 11(1), 695-721. https://doi.org/10.25229/beta.1796372
AMA
1.Baysal YV. Ranking of Foreign Trade Capital Companies in Türkiye Using Critic-Copras Methods. beta. 2026;11(1):695-721. doi:10.25229/beta.1796372
Chicago
Baysal, Yusuf Volkan. 2026. “Ranking of Foreign Trade Capital Companies in Türkiye Using Critic-Copras Methods”. Bulletin of Economic Theory and Analysis 11 (1): 695-721. https://doi.org/10.25229/beta.1796372.
EndNote
Baysal YV (01 Şubat 2026) Ranking of Foreign Trade Capital Companies in Türkiye Using Critic-Copras Methods. Bulletin of Economic Theory and Analysis 11 1 695–721.
IEEE
[1]Y. V. Baysal, “Ranking of Foreign Trade Capital Companies in Türkiye Using Critic-Copras Methods”, beta, c. 11, sy 1, ss. 695–721, Şub. 2026, doi: 10.25229/beta.1796372.
ISNAD
Baysal, Yusuf Volkan. “Ranking of Foreign Trade Capital Companies in Türkiye Using Critic-Copras Methods”. Bulletin of Economic Theory and Analysis 11/1 (01 Şubat 2026): 695-721. https://doi.org/10.25229/beta.1796372.
JAMA
1.Baysal YV. Ranking of Foreign Trade Capital Companies in Türkiye Using Critic-Copras Methods. beta. 2026;11:695–721.
MLA
Baysal, Yusuf Volkan. “Ranking of Foreign Trade Capital Companies in Türkiye Using Critic-Copras Methods”. Bulletin of Economic Theory and Analysis, c. 11, sy 1, Şubat 2026, ss. 695-21, doi:10.25229/beta.1796372.
Vancouver
1.Yusuf Volkan Baysal. Ranking of Foreign Trade Capital Companies in Türkiye Using Critic-Copras Methods. beta. 01 Şubat 2026;11(1):695-721. doi:10.25229/beta.1796372