Comparison of multi-criteria decision making methods of investment partnership companies fi̇nanci̇al performances in Borsa Istanbul (BİST)

In this study, it is aimed to rank and evaluate the financial performances of real estate investment trusts, venture capital investment trusts and securities investment trusts in Borsa Istanbul (BIST) using 10 financial ratios according to TOPSIS, VIKOR and PROMETHEE methods. 28 real estate investment trusts, 4 venture capital investment trusts and 9 securities investment trusts operating as registered in Borsa Istanbul (BIST) were included in the scope of the study. The liquidity, financial structure, activity and profitability ratios for the 5-year period covering the 2014-2018 period are calculated using the data obtained from the PDP (Public Disclosure Platform) and the annual reports of the companies. Calculated financial ratios were converted into a single score in order to make a holistic evaluation through Microsoft Office Excel 2019 program for TOPSIS and VIKOR method and Visual Promethee Academic program for PROMETHEE method, and the financial performances of the enterprises were mathematically ranked. The results of the methods used at the end of the study have been compared in terms of real estate investment trusts, venture capital investment trusts and securities investment trusts, and although the results are close to each other, they do not exactly match. Key Words: Financial Performance, Multi Criteria Decision Making Methods, TOPSIS, VIKOR, PROMETHEE, Investment Partnerships