Financial performance of the banking industry method vikor

Subject Areas : مدیریت

Farzin Rezaei ¹ , Hamed Gheibdoust ²

1 - Associate Professor, Department of Management, Qazvin Branch, Islamic Azad University, Qazvin, Iran
2 - M.Sc. Student, Department of Management, Qazvin Branch, Islamic Azad University, Qazvin, Iran.

Received: 2017-10-23 Accepted : 2017-10-23 Published : 2017-02-19

Keywords: Tehran Stock Exchange, VIKOR, Banking industry, Financial Performance,

Abstract :

Evaluation of financial performance is one of the most important issues in banking industry and each bank may be evaluated based on its financial performance. VICOR methodology is a MCDM instrument being used in ranking banks based on multiple financial criteria. It can indicate banks with highest and lowest ranks based on different financial criteria. Present research aims to employ VICOR to rank a number of banks listed on Tehran Securities Exchange with respect to their financial performance. In present research 13 banks listed on Tehran Securities Exchange were evaluated based on 12 financial ratios using VICOR method. Results showed that banks Saderat, Tat and Tejarat respectively gained first rank with respect to S, R and Q values and bank Hekmate Iraniaan gained 13th rank with respect to all three indices. Other banks gained intermediate ranks.