ANALYZING THE FINANCIAL PERFORMANCE OF AUTOMOTIVE COMPANIES BEFORE AND AFTER INDUSTRY 4.0: AN APPLICATION IN THE BIST SUSTAINABILITY INDEX
Today, the "Industry 4.0 revolution", which offers opportunities such as a substantial competitive advantage, increase in production capacity, and cost reduction, is preparing to move institutions to a rapidly changing information age. Therefore, the importance of keeping up with innovatio...
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Mehmet Akif Ersoy University
2023-03-01
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| Series: | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
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| Online Access: | https://dergipark.org.tr/en/download/article-file/2348409 |
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| author | Merve Kara İsmail Fatih Ceyhan |
| author_facet | Merve Kara İsmail Fatih Ceyhan |
| author_sort | Merve Kara |
| collection | DOAJ |
| description | Today, the "Industry 4.0 revolution", which offers opportunities such as a substantial competitive advantage, increase in production capacity, and cost reduction, is preparing to move institutions to a rapidly changing information age. Therefore, the importance of keeping up with innovations and providing sustainable performance is increasing for businesses in this age. On the other hand, it draws the attention of researchers to whether there is a difference between the financial performances of companies before-after industry 4.0. The study compares the financial performances of automotive companies that have adopted Industry 4.0 methods in the BIST Sustainability Index, before and after Industry 4.0. For this purpose, the companies' financial performances were analyzed and compared between 2013-2015 and 2016-2018 with the Gray Relational Analysis method, one of the multi-criteria decision-making techniques. The entropy which is an objective method, was preferred for weighting the criteria. Ten financial ratios were used as criteria in the performance evaluation. As a result, almost all companies increase their financial performance, but a decrease occurs only in one company's financial performance with the transition to Industry 4.0. So it can be stated that the increase in the share of R&D expenditures and Industry 4.0 investments will positively affect the financial performance of companies. |
| format | Article |
| id | doaj-art-b6541d52d97645c4b2964d84a49fb2f5 |
| institution | Kabale University |
| issn | 2149-1658 |
| language | English |
| publishDate | 2023-03-01 |
| publisher | Mehmet Akif Ersoy University |
| record_format | Article |
| series | Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi |
| spelling | doaj-art-b6541d52d97645c4b2964d84a49fb2f52025-01-27T13:28:03ZengMehmet Akif Ersoy UniversityMehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi2149-16582023-03-0110118320510.30798/makuiibf.1097382273ANALYZING THE FINANCIAL PERFORMANCE OF AUTOMOTIVE COMPANIES BEFORE AND AFTER INDUSTRY 4.0: AN APPLICATION IN THE BIST SUSTAINABILITY INDEXMerve Kara0https://orcid.org/0000-0003-0860-4661İsmail Fatih Ceyhan1https://orcid.org/0000-0002-4314-7374BARTIN ÜNİVERSİTESİ, LİSANSÜSTÜ EĞİTİM ENSTİTÜSÜ, İŞLETME (YL) (TEZLİ)BARTIN ÜNİVERSİTESİ, İKTİSADİ VE İDARİ BİLİMLER FAKÜLTESİ, İŞLETME BÖLÜMÜ, MUHASEBE FİNANSMAN ABDToday, the "Industry 4.0 revolution", which offers opportunities such as a substantial competitive advantage, increase in production capacity, and cost reduction, is preparing to move institutions to a rapidly changing information age. Therefore, the importance of keeping up with innovations and providing sustainable performance is increasing for businesses in this age. On the other hand, it draws the attention of researchers to whether there is a difference between the financial performances of companies before-after industry 4.0. The study compares the financial performances of automotive companies that have adopted Industry 4.0 methods in the BIST Sustainability Index, before and after Industry 4.0. For this purpose, the companies' financial performances were analyzed and compared between 2013-2015 and 2016-2018 with the Gray Relational Analysis method, one of the multi-criteria decision-making techniques. The entropy which is an objective method, was preferred for weighting the criteria. Ten financial ratios were used as criteria in the performance evaluation. As a result, almost all companies increase their financial performance, but a decrease occurs only in one company's financial performance with the transition to Industry 4.0. So it can be stated that the increase in the share of R&D expenditures and Industry 4.0 investments will positively affect the financial performance of companies.https://dergipark.org.tr/en/download/article-file/2348409çok kriterli karar verme teknikleriendüstri 4.0finansal performansgri i̇lişkisel analizkurumsal sürdürülebilirlik.corporate sustainabilitygray relational analysisfinancial analysisindustry 4.0multi-criteria decision making techniques. |
| spellingShingle | Merve Kara İsmail Fatih Ceyhan ANALYZING THE FINANCIAL PERFORMANCE OF AUTOMOTIVE COMPANIES BEFORE AND AFTER INDUSTRY 4.0: AN APPLICATION IN THE BIST SUSTAINABILITY INDEX Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi çok kriterli karar verme teknikleri endüstri 4.0 finansal performans gri i̇lişkisel analiz kurumsal sürdürülebilirlik. corporate sustainability gray relational analysis financial analysis industry 4.0 multi-criteria decision making techniques. |
| title | ANALYZING THE FINANCIAL PERFORMANCE OF AUTOMOTIVE COMPANIES BEFORE AND AFTER INDUSTRY 4.0: AN APPLICATION IN THE BIST SUSTAINABILITY INDEX |
| title_full | ANALYZING THE FINANCIAL PERFORMANCE OF AUTOMOTIVE COMPANIES BEFORE AND AFTER INDUSTRY 4.0: AN APPLICATION IN THE BIST SUSTAINABILITY INDEX |
| title_fullStr | ANALYZING THE FINANCIAL PERFORMANCE OF AUTOMOTIVE COMPANIES BEFORE AND AFTER INDUSTRY 4.0: AN APPLICATION IN THE BIST SUSTAINABILITY INDEX |
| title_full_unstemmed | ANALYZING THE FINANCIAL PERFORMANCE OF AUTOMOTIVE COMPANIES BEFORE AND AFTER INDUSTRY 4.0: AN APPLICATION IN THE BIST SUSTAINABILITY INDEX |
| title_short | ANALYZING THE FINANCIAL PERFORMANCE OF AUTOMOTIVE COMPANIES BEFORE AND AFTER INDUSTRY 4.0: AN APPLICATION IN THE BIST SUSTAINABILITY INDEX |
| title_sort | analyzing the financial performance of automotive companies before and after industry 4 0 an application in the bist sustainability index |
| topic | çok kriterli karar verme teknikleri endüstri 4.0 finansal performans gri i̇lişkisel analiz kurumsal sürdürülebilirlik. corporate sustainability gray relational analysis financial analysis industry 4.0 multi-criteria decision making techniques. |
| url | https://dergipark.org.tr/en/download/article-file/2348409 |
| work_keys_str_mv | AT mervekara analyzingthefinancialperformanceofautomotivecompaniesbeforeandafterindustry40anapplicationinthebistsustainabilityindex AT ismailfatihceyhan analyzingthefinancialperformanceofautomotivecompaniesbeforeandafterindustry40anapplicationinthebistsustainabilityindex |