Evaluating financial performance of Indian IT firms: an application of a multi-criteria decision-making technique Online publication date: Sun, 10-Sep-2017
by Sarveshwar Kumar Inani; Rohit Gupta
International Journal of Behavioural Accounting and Finance (IJBAF), Vol. 6, No. 2, 2017
Abstract: This study evaluates the financial performance of nine information technology (IT) firms, listed in National Stock Exchange of India, for a period of 5 years from 2011 to 2015. A multi-criteria decision-making technique (MCDM) - Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) - is used to rank the firms according to their financial performance, by considering 10 frequently used financial ratios as multiple criteria. The results indicate that TCS firm has been the top performer for the 4 years out of a total 5-year period of the analysis, whereas the firm Wipro is found to have the lowest rank during the same period. The lower ranking firms can revise their strategies by analysing the policies of better-performing firms. These results provide useful insights to identify the consistent and stable players in terms of financial performance. These findings could be useful for the managers at different levels, various stakeholders in the firms, investors and investment analysts.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Behavioural Accounting and Finance (IJBAF):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook