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In the scope of this study, the financial performance of companies in the cement sector listed on BIST (Borsa Istanbul) has been measured using two different methods. A comprehensive literature review was conducted to determine the financial ratios used in the analysis, and commonly used financial ratios in the literature were identified. The research included fifteen companies for which financial data spanning the period from 2013 to 2022 was available, and the CRITIC-based TOPSIS and ELECTRE methods, which are multi-criteria decision-making methods, were used for data analysis to measure their financial performance. As a result of the analysis, three separate performance groups were identified for the 15 companies: good, moderate, and poor. According to the findings of the analysis, in both methods, OYAK, NUHCM, and KONYA companies were the most successful in terms of financial performance, while BTCIM company was the least successful. It is recommended that the cement sector, which is expected to become even more important after the earthquake disaster in our country, should be continuously analyzed in the future with different data periods and different methods, and suggestions have been made for implementing corrective innovations in the sector. [ABSTRACT FROM AUTHOR]

The COVID-19 pandemic has adversely affected human life in many ways. Examining the financial performance of firms that attach importance to corporate sustainability and carry out their activities with a sense of responsibility towards the environment, people and stakeholders remains an important research question. In this study, it is aimed to investigate how environmental, social, and corporate governance practices (ESG) affect the financial performance of firms during the pandemic period. The research sample consists of non-financial publicly traded firms in Türkiye over the years 2009-2020. The empirical models have been analyzed using the fixed effects panel data estimation method and corrected standard errors via the Driscoll-Kraay standard errors method. As a result of the analysis, it has been found that (1) the COVID-19 pandemic negatively affected the financial performance and (2) the ESG moderated the inverse relationship between the pandemic and the financial performance of the firms. According to these findings, firms with higher ESG scores were financially less affected by the negative impact of the COVID-19 pandemic than firms with lower ESG activities. As a result, firms that invest less in ESG activities are more vulnerable to external shocks from the COVID-19 pandemic. [ABSTRACT FROM AUTHOR]

Global awareness of damage to nature has increased over the years as a result of the reflections of the technological developments in the production sector. Firms have started to prepare sustainability reports that include social and environmental issues apart from economic reports. Stakeholders follow not only the financial data of companies but also their sustainability activities. Studies indicate that companies that attach importance to sustainability are seen as valuable by investors. This has increased the research that affects the relationship between sustainability reporting and firm performance. The purpose of this study is to empirically examine whether the financial performance indicators of companies have an effect on publishing sustainability reports. The variables of Return on Assets, Return on Equity, Net Profit Margin, Size and Financial Leverage were used as the financial performance indicator. 351 firm/year data between the years 2014-2021 of 44 firms included in the BIST Sustainability Index was used. The effect of the variables in publishing sustainability report was analyzed with logistic regression method, which is used when the dependent variable is categorical. The results indicate that variables other than size do not have a significant effect, but companies tend to publish sustainability reports as their financial size increases. [ABSTRACT FROM AUTHOR]

Measuring the benefits of entering sustainability indices on businesses is gaining importance today. For this reason, the financial performance of the 15 companies included in the index in the first period of the BIST Sustainability Index was measured in the post-index period. 12 quarterly periods before and after the index were determined as the measurement area. The data obtained from the balance sheet and income statements of the enterprises have been converted to a single score by TOPSIS method. Due to the differences in the balance sheet and income statements of the 15 enterprises, the enterprises were separated into four banks and 11 companies except for banks, and the periods scored were compared before and after the index arithmetic means. In the comparison made on banks, it was observed that entering the index didn't cause an increase in the financial performances of the banks, on the contrary, there was an increase in the financial performances of non-banks. In general, when the financial performances of all 15 enterprises are measured, it is determined that the financial performances of the enterprises increased in the post-index period, but this increase is not statistically significant. [ABSTRACT FROM AUTHOR]

Decision-making process, is the selection of the best or compromise of the alternatives. Decision Making can be conducted objectively and scientifically if and only if it has been carried out with the quantitative applications and algorithms, especially under multiple criteria. Multicriteria Decision Making process that has emerged in the last quarter of 20th century, enlightens the choice, ranking and grouping problems to reach the optimum solution including many issues as well as economic and financial ones, and helps to decision makers. Morover the mathematical applications of decision making in economic and financial issues is very important, since they include indefinity. The purpose of this research is to rank the firms that are registered toStock Market İstanbul in Turkey and operate in the electricity sector, which is the most important energy source in the 21st century, according to their financial performances. The multicriteria decision methods TOPSIS and VIKOR has been employed and 8 firms has been ranked according to 7 financial ratios. [ABSTRACT FROM AUTHOR]

The aim of this study was to assess financial performance of all public oral and dental health centers that operating in Turkey based on some financial ratios. In order to achieve this aim, TOPSIS method which is one of the methods of multiple criteria decision making was used. The sample was not selected in the study, 126 oral and dental health centers operating in Turkey were included in the study. The data of the study covers 2016 year. The data were analyzed by Ms. Excel program. The financial performance indicators used in the analysis were selected from the Financial Services Management Department of the Ministry of Health Productivity Indicator Cards. Decision criteria evaluated by TOPSIS method; total accrue income/ total expense, global non-budget other collections/ global non-budget other accrue, accrues accounting period, net debt / net service accrue. As a result of the analyzes carried out in the study, the oral and dental health center that closest to the ideal financial performance was found as the 160530 ID unit, followed by the 986730 ID unit. [ABSTRACT FROM AUTHOR]

In this study, the effects of the ownership structures of 23 companies that have been treated in BIST-XMESY in years 2009-2012, on their financial performances was aimed to be evaluated. With this purpose, return on assets (ROA), return on equity (ROE) and Tobin's-Q ratios as dependent variables, the proportions of the major (OY1), two major (OY2) and three major (OY3) partner's share, foreign ownership share (YP), free float rate (HAO) as independent variables and natural of logarithm of sales (Ln(s)) and leverage ratio (K) as control variables were associated. In data analysis, panel regression model that combines both time and cross-sectional dimension was used. As the result of the analysis, it was determined that the variables of the ownership structures of the companies affect their financial performances in general. [ABSTRACT FROM AUTHOR]

Merging two formerly distinct disciplines, the term entrepreneurial marketing is used to describe the marketing processes of firms pursuing opportunities in uncertain market circumstances, often under constrained resource conditions. The aim of the study is to identify the effect of entrepreneurial marketing on firms' financial performance. The hypothesized relationships between dimensions of entrepreneurial marketing and financial performance are tested with data collected through structured questionnaires administered face-to-face to managers of 560 SMEs in the Turkish manufacturing industry. Analyses results revealed that proactiveness and innovativeness dimensions of entrepreneurial marketing are positively related with financial performance. Finally, the limitations of the study and the suggestions for future research will be presented. [ABSTRACT FROM AUTHOR]