FINANCIAL PERFORMANCE WITH GREY RELATIONAL ANALYSIS: BIST APPLICATION

Abstract

Grey relational analysis is an analysis technique that classifies and grades by simply solving complex relationships within the gray system theory. Therefore, it provides a simple and reliable interpretation by following a multi-criteria view and analysis process. The sample size is not limited in any way during the analysis process. This makes the technique useful for interpreting relationships in high performances. The aim of this study is to determine the effects of exchange rate fluctuations in 2018 on the performances of the financial structures of cement companies traded in BIST in 2017-2018 by using grey relational analysis technique. At the same time, the effects of the changes in the closing and volume of cement companies traded in BIST in 2017-2018 on their financial performance will be examined with this technique. As a result of this study, the best financial performances of 2017-2018 were determined and interpreted in order.