Evaluation of financial performance using ISM and BWM1

AbstractPerformance appraisal of companies is very important for all stakeholders of a company from potential and actual investors, creditors and supervisory organizations, and most importantly, company managers for decision making, and the most important appraisal in companies is performance appraisal for these decision makers. The present study seeks to provide a model for evaluating the financial performance of the companies listed on the Tehran Stock Exchange and utilizes 50 financial ratios suggested by the experts, of which 49 were finalized and the ratios in The 6 categories were categorized as consolidated, economic, leverage, liquidity, profitability and activity, and according to experts, these ratios were weighted. And multivariate decision criteria for bwm and ARAS technique were analyzed using ligo software. Eventually companies were ranked. Among the 103 companies whose ratios were available, surveys were conducted. The results showed that mineral minerals companies of Iran, Gol Gohar and Khuzestan Steel ranked 1 to 3, respectively.Keyword:Performance Evaluation, Financial Ratios, Best Worst Method, Tehran Stock Exchange