A Hybrid MCDM Approach Using the BWM and the TOPSIS for a Financial Performance-Based Evaluation of Saudi Stocks

Alsanousi, Abdulrahman T.; Alqahtani, Ammar Y.; Makki, Anas A.; Baghdadi, Majed A.

doi:10.3390/info15050258

Cited by 2 publications

(2 citation statements)

References 84 publications

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“…Conversely, a very low ROE indicates that the company's profitability level is low, and its equity is not being utilized effectively. Therefore, like other studies, this parameter is included as a financial performance criterion in the decision model [32][33].…”

Section: Companies Of Sustainability Index In Istanbul Stock Exchange...mentioning

confidence: 99%

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Enhancing Financial Performance Evaluation: The MEREC-RBNAR Hybrid Method for Sustainability-Indexed Companies

Kara,

Özyürek,

Yalçın

et al. 2024

J. Soft. Comput. Decis. Anal.

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Todays, companies are evaluated not only based on their financial activities but also in terms of their attitudes towards environmental, social, and governance (ESG) activities. In this context, companies are indexed based on their sustainability levels, striving to improve both their sustainability and financial levels simultaneously. The main objective of this research is to evaluate and compare the financial performance of companies listed in the sustainability index. To determine the financial performance of companies in the sustainability index, this research develops and proposes the MEREC (Method Based on the Removal Effects of Criteria) - RBNAR (Reference-Based Normalization Alternative Ranking) hybrid method. Additionally, financial ratios are used as criteria for evaluating companies' financial performance. The weights of financial ratios are calculated using the MEREC method, while the RBNAR method determines companies' financial performances. The application of the MEREC-RBNAR hybrid method is presented through a case study aiming to identify the financial performance of companies listed in the Istanbul Stock Exchange's sustainability index for the year 2022. Furthermore, in this research, companies' financial performance levels are determined by considering the averages of financial ratios of companies listed in the sustainability index, using reference-based normalization processes. The research concludes that the most critical criterion in determining the financial performance of companies in the sustainability index is Return on Equity (ROE). MAVI Clothing Industry and Trade Inc. is identified as the company with the highest financial performance level.

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Section: Companies Of Sustainability Index In Istanbul Stock Exchange...mentioning

confidence: 99%

“…It is essential to evaluate this parameter in comparison to industry averages. Therefore, this parameter is included in the research's decision model as a financial performance evaluation criterion [31][32].…”

Section: Companies Of Sustainability Index In Istanbul Stock Exchange...mentioning

confidence: 99%

Enhancing Financial Performance Evaluation: The MEREC-RBNAR Hybrid Method for Sustainability-Indexed Companies

Kara,

Özyürek,

Yalçın

et al. 2024

J. Soft. Comput. Decis. Anal.

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Enhancing Decision-Making Processes in the Complex Landscape of the Taiwanese Electronics Manufacturing Industry through a Fuzzy MCDM Approach

Chen,

Ngo,

Chang

2024

Mathematics

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This research proposes a hybrid multi-criteria decision-making (MCDM) framework for workforce recruitment in Taiwan’s electronics manufacturing companies, an area with limited research. First, a comprehensive review of existing literature and interviews with industry experts were conducted to compile a list of decision-making criteria and sub-criteria relevant to workforce selection in Taiwan’s electronics industry. The Fuzzy Delphi Method (FDM) was then applied to identify and retain the most critical criteria while eliminating the less important ones. Next, Interpretive Structural Modelling (ISM) was used to calculate the interdependencies among the identified factors. Finally, based on these relationships, the Fuzzy Analytic Network Process (FANP) was employed to calculate the relative importance weights of the criteria and sub-criteria. These weights were then used to rank the criteria, identifying the most important ones and aiding in decision-making. The findings indicate that the proposed method provides a structured and assessable model for making informed decisions in workforce recruitment, particularly in the challenging environment of Taiwan’s electronics manufacturing industry, which faces a shortage of skilled labor. The research presents three primary contributions: the development of a systematic criteria selection technique using FDM, the establishment of consistent criteria relations for decision-makers using ISM, and the proposal of an application model employing the FANP method to identify and rank appropriate criteria for hiring new employees. The study highlights work attitude, adaptability to the environment, and work ability as major criteria. It also emphasizes the importance of discipline compliance, a positive attitude, and adherence to health and safety protocols as the top sub-criteria for workforce selection.

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A Hybrid MCDM Approach Using the BWM and the TOPSIS for a Financial Performance-Based Evaluation of Saudi Stocks

Cited by 2 publications

References 84 publications

Enhancing Financial Performance Evaluation: The MEREC-RBNAR Hybrid Method for Sustainability-Indexed Companies

Enhancing Financial Performance Evaluation: The MEREC-RBNAR Hybrid Method for Sustainability-Indexed Companies

Enhancing Decision-Making Processes in the Complex Landscape of the Taiwanese Electronics Manufacturing Industry through a Fuzzy MCDM Approach

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