Ranking of companies in Colombia based on their financial statements: a multi-criteria approach

Abstract

Company's rankings are usually based on a single criterion, so that results vary according to the criterion used. The objective of this paper is to make a ranking of companies in Colombia in the period from 2012 to 2016 using an approach multicriteria based on their financial statements in a dataset a sample of 40 companies. This classification was carried out by combining two techniques: the fuzzy analytical hierarchy process (fuzzy AHP) and the technique of preference for similarity to the ideal solution (TOPSIS). With the fuzzy AHP the weightings of the selected criteria are obtained, and then with the TOPSIS technique the ratings of the different companies are made.