A Performance Evaluation for Interconnected Construction Sectors of Turkey: An Analysis Using TOPSIS and MAUT

OpenAlex İngilizce

The main issue discussed in this article is to show the importance of knowing financial performance of any company. On a market-wide level, measuring the financial performance helps to see the company's rank in the competition. Evaluating the performance of all companies in a specific sector will help the analyst to forecast a possible problem in a connected sector. Calculation of each company's financial performance ranking is a tool to reach main purpose of this research that to measure and rank the annual performance of three interconnected sectors. In this research, in total 68 construction related companies, which belong to three different interconnected sectors (manufacturing, construction and finance), are ranked according to their financial performance by TOPSIS and MAUT method with two different weighting systems, equal-weighted and entropy-weighted. The most important and well-known five ratios such as Gross Margin, Operating Margin, Net Margin, Return on Asset and Return on Equity were used to rank the companies from best to worst years between 2005 and 2015. The empirical results show that there is no significant difference between weight distribution of equal and entropy, but only in TOPSIS method the best year for construction material manufacturing sector changes from equal to entropy-weighted method; respectively 2014 to 2006.