Financial Performance Analysis by Using TOPSIS and ELECTRE Methods: A Research on Turkish Construction Sector Companies

Burak Keskin, Efehan Ulas, Haydar Koc


In this study, financial performances of six companies which traded in Istanbul Stock Exchange (BIST) and operated in construction sector in Turkey were evaluated with TOPSIS and ELECTRE methods after global financial crisis- for the year of 2011. Construction sector is one of the most important and developing sector in Turkey. This is why this topic has been chosen. Companies are ranked according to their financial ratios which obtained from their balance sheets. Analytic Hierarchy Process (AHP) was used on the process of calculation of criteria weights. As a result, it is found that both technique produce same results.


Construction Sector; Multi-Criteria Decision Making; TOPSIS; ELECTRE.

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Oxford Business Group. Internet: //, Dec. 25, 2012 [Dec. 29, 2012].

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