MULTI-CRITERIA SUSTAINABILITY PERFORMANCE ANALYSIS OF COMMERCIAL BANKS IN TÜRKİYE BASED ON MPSI AND RAWEC METHODS

Özet

This study introduces a novel decision-making framework for assessing the sustainability performance of banks listed on Borsa Istanbul (BIST) by integrating the Modified Preference Selection Index (MPSI) and the Ranking of Alternatives with Weights of Criterion (RAWEC) methods. To evaluate the applicability and effectiveness of the proposed model, a case study was conducted for the year 2022, focusing on the comparative sustainability performance of selected banks. The MPSI method was employed to objectively determine the weights of selected financial and nonfinancial performance indicators, while RAWEC, a relatively new Multi-Criteria Decision-Making (MCDM) technique, was employed to rank the banks. The results indicated that return on equity (ROE) was the most influential indicator in evaluating sustainability performance. According to the RAWEC rankings, Akbank demonstrated the highest level of multi-dimensional sustainability performance among the banks analyzed. Furthermore, a series of sensitivity analyses were conducted to examine the robustness of the proposed MCDM algorithm. The outcomes confirmed the stability and reliability of the results under varying conditions, thereby supporting the validity of the integrated framework.

Abstract

This study introduces a novel decision-making framework for assessing the sustainability performance of banks listed on Borsa Istanbul (BIST) by integrating the Modified Preference Selection Index (MPSI) and the Ranking of Alternatives with Weights of Criterion (RAWEC) methods. To evaluate the applicability and effectiveness of the proposed model, a case study was conducted for the year 2022, focusing on the comparative sustainability performance of selected banks. The MPSI method was employed to objectively determine the weights of selected financial and nonfinancial performance indicators, while RAWEC, a relatively new Multi-Criteria Decision-Making (MCDM) technique, was employed to rank the banks. The results indicated that return on equity (ROE) was the most influential indicator in evaluating sustainability performance. According to the RAWEC rankings, Akbank demonstrated the highest level of multi-dimensional sustainability performance among the banks analyzed. Furthermore, a series of sensitivity analyses were conducted to examine the robustness of the proposed MCDM algorithm. The outcomes confirmed the stability and reliability of the results under varying conditions, thereby supporting the validity of the integrated framework.

Yazarlar

Erdal DEMİR

Anahtar Kelimeler

Banking industry, Sustainability performance assessment, MCDM, MPSI, RAWEC

JEL Codes

C54, G17, G22, G32, G41

Yayın Bilgileri

Cilt 5, Sayı 1, 2025 · Sayfa 45-58

DOI: 10.52898/ijif.2025.4

Dosyalar