MEASUREMENT OF EFFIENCİES BY DATA ENELOPE ANALYSIS THE REAL ESTATE INVESTMENT PARTNERSHIPS INDUSTRY IN BIST INDEKS
BIST’TE GAYRİMENKUL YATIRIM ORTAKLIKLARI SEKTÖRÜNDE FAALİYET GÖSTEREN İŞLETMELERİN VERİ ZARFLAMA ANALİZİ İLE ETKİNLİKLERİNİN ÖLÇÜLMESİ

Author : Umut Tolga GÜMÜŞ -- Hatice CAN ÖZİÇ
Number of pages : 352-362

Abstract

Nowadays, the increasing competition environment in the sector and international markets in which the enterprises operate, has made forces financial performance measurement mandatory. It is important to determine the level of success of financial performance measurement, to determine whether the achieved targets have been achieved, to reveal its strengths and weaknesses, to determine correct and realistic plans for the future. Data Envelopment Analysis (DEA) is the most preferred nonparametric, linear programming-based method for determining the extent to which enterprises use their resources effectively. The aim of this study is to determine the financial activities of twenty five companies operating in the Real Estate Investment Trusts sector based on their financial statements between 2013-2017. Input ratio consisting of current ratio, cash ratio, receivable turnover rate, equity turnover rate and asset turnover ratio, return on equity resulting from profitability, net profit margin, gross profit margin, borrowing ratio, CCR input from Data Envelopment Analysis (DEA) methods method. As a result of the analyzes, inefficient enterprises which are effective for each year are determined and the efficiency values are discussed in detail.The five-period activity average of the enterprises was determined and the results of the analysis were evaluated in the sector.

Keywords

Financial Activity, Real Estate Investment Trusts (REIT), Data Envelopment Analysis (DEA).

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