2015
DOI: 10.5430/ijfr.v6n2p124
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An Evaluation of the Financial Performance of REITs in Borsa Istanbul: A Case Study Using the Entropy-Based TOPSIS Method

Abstract: Real Estate Investment Trusts are financial intermediaries which facilitate the provision of finance for real estate properties and thus play a key role in the development of the real estate market. An accredited assessment of financial performance is more vital today as there is increasing competition which poses a risk to maintaining the market share of companies. Therefore, the valuation of companies in terms of liquidity, profitability, turnover and capital structure help managers to take the necessary mea… Show more

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Cited by 39 publications
(20 citation statements)
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“…Weighting: ENTROPY Method: Now, we give the process of assigning weighting value for criteria via entropy method (Alp, Öztel, & M. Said, 2015;Hwang & Yoon, 1981;Islamoglu, Apan, & Oztel, 2015;Öztel, Köse, & Aytekin, 2012). Let mxn dimensional D be decision matrix with m alternative and n criteria as below;…”
Section: Discussionmentioning
confidence: 99%
See 1 more Smart Citation
“…Weighting: ENTROPY Method: Now, we give the process of assigning weighting value for criteria via entropy method (Alp, Öztel, & M. Said, 2015;Hwang & Yoon, 1981;Islamoglu, Apan, & Oztel, 2015;Öztel, Köse, & Aytekin, 2012). Let mxn dimensional D be decision matrix with m alternative and n criteria as below;…”
Section: Discussionmentioning
confidence: 99%
“…(Hwang & Yoon, 1981) is based on to choose the alternative which is the closest to ideal solution and the farthest to anti-ideal solution. The steps of this method is given below (Hwang & Yoon, 1981;Islamoglu et al, 2015):…”
Section: Discussionmentioning
confidence: 99%
“…The entropy method can be summarized as follows. D is defined with decision matrix of m alternatives and n criteria 2124 where A İ : the i -th alternative considered, xij: the performance value of i -th alternative for j -th criterion, i = 1,2,…. m , and j = 1,2,….…”
Section: Methodsmentioning
confidence: 99%
“…52 If the decision matrix with sufficient information for the alternatives is available, then the entropy method can be used as a tool to determine the significance rankings, i.e., the weighting values of the criteria. 28,[53][54][55] The method can be summarized as follows: [56][57] Let the decision matrix for a multi-criteria decision making problem with m alternatives and n criteria be Equation (1):…”
Section: Entropy Methods For Criteria Weightingmentioning
confidence: 99%