Performance Evaluation of Private Pension Companies Operating in Turkey by Entropy and COPRAS Method

Acer, Aynur; Genç, Tolga; Dinçer, Erdal

doi:10.17336/igusbd.560975

Cited by 14 publications

(2 citation statements)

References 16 publications

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“…Then, the MARCOS procedure is used to rank private pension and life insurance companies. As far as we know, unlike previous studies (Genç et al, 2015;Özbek, 2015;Ege et al, 2016;Şahin and Başarir, 2019;Noyan et al, 2019;Bayrakci and Aksoy, 2019;Acer et al, 2020;Uçar and Şahin, 2020), the financial performance analysis of life and pension companies is carried out within the framework of the SD-MARCOS model for the first time in this study. In other words, in spite of the fact that there are many studies in the previous literature focusing on financial performance analysis of life and pension companies in Turkey, no study using the SD-MARCOS performance evaluation model is found in the previous literature.…”

Section: Discussionmentioning

confidence: 99%

Evaluation of Life and Pension Companies Performance With Sd and Marcos Methods

Çamlibel¹

2022

ijif

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This study aims to evaluate the performance of life and pension companies operating in the Turkish insurance sector with a hybrid decision model consisting of SD and MARCOS procedures. Within the framework of the proposed performance evaluation model, the criteria selected in line with the previous literature are weighted using the SD procedure. Then, the weight coefficients obtained from the SD procedure are integrated into the MARCOS model, and the performance of the companies in the sample is compared and ranked. SD results demonstrate that the most efficient criterion for a company’s performance is the total debts criterion. In addition, Garanti Pension and Life and Ziraat Life and Pension companies have demonstrated superior financial performance compared to other companies during the five-year period analyzed.

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Section: Discussionmentioning

confidence: 99%

Evaluation of Life and Pension Companies Performance With Sd and Marcos Methods

Çamlibel¹

2022

ijif

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“…A study conducted by Acer et al (2020) analyzed the efficiency of individual pension companies based on contribution amounts, fund sizes, participant numbers, and technical expense variables using the entropy and COPRAS methods. The results showed that the most significant variable for participants was the fund size, and three companies were found to be efficient in their operations.…”

Section: Literature Reviewmentioning

confidence: 99%

Measuring the Performance of Private Pension Companies in Türkiye by Gray Relational Analysis Method

Umut

2023

JRFM

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The private pension is a system designed to maintain an income level during passive periods by utilizing the income earned during active working years. It complements the mandatory retirement systems of the public sector and is based on a voluntary participation structure. Additionally, it serves as an investment and savings tool with the ability to provide long-term funds. The legislation for the private pension system was enacted in Türkiye in 2001, and it was implemented in 2003. In addition, a government contribution program was initiated to promote the system in 2013. An automatic enrollment system was introduced in 2017. The effectiveness and performance of individual pension companies play significant roles in the system. This study aims to measure the performance of individual pension companies operating in Türkiye using the gray relational analysis method, which is an effective measurement method, for the years 2016–2022. Subsequently, based on the measurement results, recommendations will be provided.

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Türk Si̇gorta Sektöründe Faali̇yet Gösteren Hayat Dişi Si̇gorta Şi̇rketleri̇ni̇n Performans Değerlendi̇rmesi̇ne Yöneli̇k Ampi̇ri̇k Bi̇r Uygulama

PEHLİVAN¹,

Akpınar

2022

Öneri Dergisi

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Ülke ekonomilerine önemli katkılar sağlayan sigortacılık sektöründe meydana gelebilecek herhangi bir başarısızlığın veya olumsuzluğun, ülkelerin finansal sistemlerini derinden etkileyebileceği söylenebilir. Sigortacılık sektörünün performansının sistemli bir biçimde ölçülmesi ve değerlendirmelerde bulunulması bu noktada önemli bir husus haline gelmektedir. Bu çalışmada, Türk sigorta sektöründe oldukça büyük bir paya sahip olan hayat dışı sigorta şirketlerinin performansının analiz edilmesi amaçlanmaktadır. Bu doğrultuda, Türk sigorta sektöründe yer alan 33 hayat dışı sigorta şirketinin sergilemiş olduğu performans 2015-2019 zaman dilimi özelinde analiz edilmiştir. Çalışmada kullanılan değerlendirme kriterlerinin ağırlık skorlarının hesaplanmasında Gri Entropi yöntemi, söz konusu şirketlerin performans skorlarının belirlenmesinde ve bu doğrultuda sıralanmasında ise COPRAS (Complex Proportional Assessment) yöntemi kullanılmıştır. Gri Entropi yönteminden elde edilen bulgular, söz konusu dönemdeki tüm yıllar için performans üzerinde en yüksek etkiye sahip olan kriterin, Özsermaye Kârlılık Oranı olduğunu ortaya koymuştur. BNP Paribas Sigorta Şirketi, COPRAS yönteminden yararlanılarak elde edilen performans sıralamasına göre, bahsi geçen dönemde en iyi performansı sergileyen şirket olmuştur.

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Performance Evaluation of Private Pension Companies Operating in Turkey by Entropy and COPRAS Method

Cited by 14 publications

References 16 publications

Evaluation of Life and Pension Companies Performance With Sd and Marcos Methods

Evaluation of Life and Pension Companies Performance With Sd and Marcos Methods

Measuring the Performance of Private Pension Companies in Türkiye by Gray Relational Analysis Method

Türk Si̇gorta Sektöründe Faali̇yet Gösteren Hayat Dişi Si̇gorta Şi̇rketleri̇ni̇n Performans Değerlendi̇rmesi̇ne Yöneli̇k Ampi̇ri̇k Bi̇r Uygulama

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