FIRM VALUATION WITH DATA ENVELOPMENT ANALYSIS: BORSA IṠTANBUL EXAMPLE
Objective of this study is to present an example of firm valuation with Data Envelopment Analysis (DEA), which is an alternative and new firm valuation method, and to contribute this limited field of research area with new findings. With this objective in mind, after giving information about the th...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Nicolaus Copernicus University in Toruń
2023-12-01
|
| Series: | Copernican Journal of Finance & Accounting |
| Subjects: | |
| Online Access: | https://apcz.umk.pl/CJFA/article/view/47455 |
| _version_ | 1797387352754094080 |
|---|---|
| author | Yusuf Ozan Üzgün Nevzat Aypek |
| author_facet | Yusuf Ozan Üzgün Nevzat Aypek |
| author_sort | Yusuf Ozan Üzgün |
| collection | DOAJ |
| description |
Objective of this study is to present an example of firm valuation with Data Envelopment Analysis (DEA), which is an alternative and new firm valuation method, and to contribute this limited field of research area with new findings. With this objective in mind, after giving information about the theory of valuation, market-based valuation, DEA and methodology of firm valuation with DEA, BIST 100 indexed firms in Borsa Istanbul are valued with DEA in this study. Results shows that 69% of the estimated value ranges and 73% of the maximum values estimated cover the market values of the relevant firms. It can be said that this method, which is understood to have more successful estimation results in case the number of firms in peer groups increases, is a very useful method for testing the results obtained from other firm valuation methods.
|
| first_indexed | 2024-03-08T22:23:50Z |
| format | Article |
| id | doaj.art-c6f856298bd048d587e957f5a38ec9ed |
| institution | Directory Open Access Journal |
| issn | 2300-1240 2300-3065 |
| language | English |
| last_indexed | 2024-03-08T22:23:50Z |
| publishDate | 2023-12-01 |
| publisher | Nicolaus Copernicus University in Toruń |
| record_format | Article |
| series | Copernican Journal of Finance & Accounting |
| spelling | doaj.art-c6f856298bd048d587e957f5a38ec9ed2023-12-18T11:49:46ZengNicolaus Copernicus University in ToruńCopernican Journal of Finance & Accounting2300-12402300-30652023-12-0112110.12775/CJFA.2023.007FIRM VALUATION WITH DATA ENVELOPMENT ANALYSIS: BORSA IṠTANBUL EXAMPLEYusuf Ozan Üzgün0Nevzat Aypek1Ankara Hacı Bayram Veli UniversityAnkara Hacı Bayram Veli University Objective of this study is to present an example of firm valuation with Data Envelopment Analysis (DEA), which is an alternative and new firm valuation method, and to contribute this limited field of research area with new findings. With this objective in mind, after giving information about the theory of valuation, market-based valuation, DEA and methodology of firm valuation with DEA, BIST 100 indexed firms in Borsa Istanbul are valued with DEA in this study. Results shows that 69% of the estimated value ranges and 73% of the maximum values estimated cover the market values of the relevant firms. It can be said that this method, which is understood to have more successful estimation results in case the number of firms in peer groups increases, is a very useful method for testing the results obtained from other firm valuation methods. https://apcz.umk.pl/CJFA/article/view/47455valuationData Envelopment Analysismarket-based valuation approachBorsa İstanbul |
| spellingShingle | Yusuf Ozan Üzgün Nevzat Aypek FIRM VALUATION WITH DATA ENVELOPMENT ANALYSIS: BORSA IṠTANBUL EXAMPLE Copernican Journal of Finance & Accounting valuation Data Envelopment Analysis market-based valuation approach Borsa İstanbul |
| title | FIRM VALUATION WITH DATA ENVELOPMENT ANALYSIS: BORSA IṠTANBUL EXAMPLE |
| title_full | FIRM VALUATION WITH DATA ENVELOPMENT ANALYSIS: BORSA IṠTANBUL EXAMPLE |
| title_fullStr | FIRM VALUATION WITH DATA ENVELOPMENT ANALYSIS: BORSA IṠTANBUL EXAMPLE |
| title_full_unstemmed | FIRM VALUATION WITH DATA ENVELOPMENT ANALYSIS: BORSA IṠTANBUL EXAMPLE |
| title_short | FIRM VALUATION WITH DATA ENVELOPMENT ANALYSIS: BORSA IṠTANBUL EXAMPLE |
| title_sort | firm valuation with data envelopment analysis borsa istanbul example |
| topic | valuation Data Envelopment Analysis market-based valuation approach Borsa İstanbul |
| url | https://apcz.umk.pl/CJFA/article/view/47455 |
| work_keys_str_mv | AT yusufozanuzgun firmvaluationwithdataenvelopmentanalysisborsaistanbulexample AT nevzataypek firmvaluationwithdataenvelopmentanalysisborsaistanbulexample |