EVALUATION OF SUSTAINABLE FINANCIAL PERFORMANCE WITH ENTROPY-BASED ARAS METHOD: A STUDY ON G-20 COUNTRIES

Süleyman Emir; Hakkı Kıymık

Article Details

EVALUATION OF SUSTAINABLE FINANCIAL PERFORMANCE WITH ENTROPY-BASED ARAS METHOD: A STUDY ON G-20 COUNTRIES

Authors:

Süleyman Emir | Hakkı Kıymık

Publisher:

Mugla Sitki Kocman University

Main Topics:

İşletme

Journal:

Ekonomi ve Yönetim Araştırmaları Dergisi Vol.13 Issue 2, pp.2-28

Document Type:

Article

Publication Date:

12/2024

Document Language:

Turkish

Document ID (Org No.):

2001337818

pISSN:

2146-9237

Keywords:

Abstract:

 Nowadays, it is not possible to consider business processes successful where only economic factors are taken into consideration and environmental, social and management elements are ignored. At this point, sustainable finance can be defined as creating economic, environmental, social and management value in individual and corporate investments in order to contribute to the sustainable development of financial models, financial products and services, and financial markets, and directing investment processes by taking these elements into consideration. This study aims to provide a solution to the difficulty in finding data on countries sustainable finance levels and to calculate the sustainable financial performance of G-20 countries through multi-criteria decision-making methods using economic, environmental, social and governance-related indicators between 2010-2022. For this purpose, 14 indicators related to economic, environmental, social and governance were determined and the sustainable financial success levels of G-20 countries were examined with the Entropy-based ARAS method. According to the results obtained, when the average of the values between 2010 and 2022 was taken, the most successful country was Australia with 72. Australia is followed by Germany with 68; by Canada with 67; by America and England with 65; by Japan followed with 60. According to average values, the three least successful countries in terms of sustainable finance, are India, which ranks 19th with 30; Argentina ranked 18th and Turkey ranked 17th, with performance values of 34 each.

 Nowadays, it is not possible to consider business processes successful where only economic factors are taken into consideration and environmental, social and management elements are ignored. At this point, sustainable finance can be defined as creating economic, environmental, social and management value in individual and corporate investments in order to contribute to the sustainable development of financial models, financial products and services, and financial markets, and directing investment processes by taking these elements into consideration. This study aims to provide a solution to the difficulty in finding data on countries sustainable finance levels and to calculate the sustainable financial performance of G-20 countries through multi-criteria decision-making methods using economic, environmental, social and governance-related indicators between 2010-2022. For this purpose, 14 indicators related to economic, environmental, social and governance were determined and the sustainable financial success levels of G-20 countries were examined with the Entropy-based ARAS method. According to the results obtained, when the average of the values between 2010 and 2022 was taken, the most successful country was Australia with 72. Australia is followed by Germany with 68; by Canada with 67; by America and England with 65; by Japan followed with 60. According to average values, the three least successful countries in terms of sustainable finance, are India, which ranks 19th with 30; Argentina ranked 18th and Turkey ranked 17th, with performance values of 34 each.

 Nowadays, it is not possible to consider business processes successful where only economic factors are taken into consideration and environmental, social and management elements are ignored. At this point, sustainable finance can be defined as creating economic, environmental, social and management value in individual and corporate investments in order to contribute to the sustainable development of financial models, financial products and services, and financial markets, and directing investment processes by taking these elements into consideration. This study aims to provide a solution to the difficulty in finding data on countries sustainable finance levels and to calculate the sustainable financial performance of G-20 countries through multi-criteria decision-making methods using economic, environmental, social and governance-related indicators between 2010-2022. For this purpose, 14 indicators related to economic, environmental, social and governance were determined and the sustainable financial success levels of G-20 countries were examined with the Entropy-based ARAS method. According to the results obtained, when the average of the values between 2010 and 2022 was taken, the most successful country was Australia with 72. Australia is followed by Germany with 68; by Canada with 67; by America and England with 65; by Japan followed with 60. According to average values, the three least successful countries in terms of sustainable finance, are India, which ranks 19th with 30; Argentina ranked 18th and Turkey ranked 17th, with performance values of 34 each.

 Günümüzde sadece ekonomik unsurların dikkate alındığı çevresel, sosyal ve yönetim unsurlarının geri plana atıldığı iş süreçlerinin başarılı kabul edilebilmesi pek de mümkün değildir. Bu noktada sürdürülebilir finans, finansal modellerin, finansal ürün ve hizmetlerle beraber finansal piyasaların sürdürülebilir olarak gelişimine katkıda bulunmak amacıyla bireysel ve kurumsal yatırımlarda ekonomik, çevresel, sosyal ve yönetim noktasında değer yaratma ve bu unsurları göz önünde bulundurarak yatırım süreçlerini yönlendirmek olarak tanımlanabilir. Bu çalışma, ülkelerin sürdürülebilir finans düzeyleriyle ilgili veri bulmada yaşanan sıkıntıya bir çözüm üretmek ve G-20 ülkelerinin 2010-2022 yılları arasındaki ekonomik, çevresel, sosyal ve yönetimle ilgili göstergelerini kullanarak çok kriterli karar verme yöntemleri aracılığıyla sürdürülebilir finansal performansını hesaplamayı amaçlamaktadır. Bu amaçla ekonomik, çevresel, sosyal ve yönetimle ilgili 14 gösterge belirlenerek G-20 ülkelerinin sürdürülebilir finansal başarı düzeyleri Entropi tabanlı ARAS yöntemiyle incelenmiştir. Elde edilen sonuçlara göre 2010-2022 yılları arasındaki değerlerin ortalaması alındığında 72 ile en başarılı ülke Avustralya olmuştur. Avustralyayı sırasıyla 68 ile Almanya; 67 ile Kanada; 65 ile Amerika ve İngiltere; 60 ile ise Japonya takip etmiştir. Sürdürülebilir finans noktasında yine ortalama değerlere göre en başarısız üç ülke ise 30 ile 19. sırada yer alan ile Hindistan; 34er performans değerleriyle ise 18.sırada yer alan Arjantin ve Türkiye olmuştur.

Article Details

EVALUATION OF SUSTAINABLE FINANCIAL PERFORMANCE WITH ENTROPY-BASED ARAS METHOD: A STUDY ON G-20 COUNTRIES

Authors:

Süleyman Emir | Hakkı Kıymık

Publisher:

Mugla Sitki Kocman University

Main Topics:

İşletme

Journal:

Ekonomi ve Yönetim Araştırmaları Dergisi Vol.13 Issue 2, pp.2-28

Document Type:

Article

Publication Date:

12/2024

Document Language:

Turkish

Document ID (Org No.):

2001337818

pISSN:

2146-9237

Sustainability

Sustainable Finance

Sustainability Index

Entropy Method

ARAS Method

Multi-Criteria Decision-Making MethodsSürdürülebilirlik

Sürdürülebilir Finans

Sürdürülebilirlik Endeksi

Entropi Yöntemi

ARAS Yöntemi

Çok Kriterli Karar Verme Yöntemleri

Issues

Article Details

Authors: Süleyman Emir | Hakkı Kıymık

Publisher: Mugla Sitki Kocman University

Main Topics: İşletme

Journal: Ekonomi ve Yönetim Araştırmaları Dergisi Vol.13 Issue 2, pp.2-28

Document Type: Article

Publication Date: 12/2024

Document Language: Turkish

Document ID (Org No.): 2001337818

pISSN: 2146-9237

Issues

Authors:

Süleyman Emir | Hakkı Kıymık

Publisher:

Mugla Sitki Kocman University

Main Topics:

İşletme

Journal:

Ekonomi ve Yönetim Araştırmaları Dergisi Vol.13 Issue 2, pp.2-28

Document Type:

Article

Publication Date:

12/2024

Document Language:

Turkish

Document ID (Org No.):

2001337818

pISSN:

2146-9237