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Journals / Ege Akademik Bakış Dergisi / 2026 / Cilt: 25 Sayı: 3

Financial Soundness Performance in Member Countries of the Organization of Turkic States: an Application Using Multiple MCDA Methods for the Period of 2018-2022

Yusuf Pala(AMASYA ÜNİVERSİTESİ)0000-0002-8835-0157
Hakan Yıldırım(AMASYA ÜNİVERSİTESİ)0000-0002-3173-0247
Pages
523–554
Publication Date
2025-08-06
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

This study is the first to comparatively examine the financial soundness performances of member countries of the Organization of Turkic States, and as such, it contributes to the literature in this area.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The growing significance of cooperation between nations has become increasingly evident in recent years, largely due to the accelerating impact of globalization.
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Key Findings & Data:This study examines the financial soundness performance of Organization of Turkic States member countries with sufficient data from the period of 2018 to 2022.
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Conclusion & Impact:This study is the first to comparatively examine the financial soundness performances of member countries of the Organization of Turkic States, and as such, it contributes to the literature in this area.
🔬Design:Araştırma Makalesi
📍Scope:2018 Verileri
⚙️Variables:Financial Soundness · Financial Stability · Organization of Turkic States

Abstract

The growing significance of cooperation between nations has become increasingly evident in recent years, largely due to the accelerating impact of globalization. Bilateral agreements and regional partnerships have been observed more frequently. One of the recent successful examples of such efforts is the Organization of Turkic States, which includes Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan, and Türkiye. This study examines the financial soundness performance of Organization of Turkic States member countries with sufficient data from the period of 2018 to 2022. Using data from the International Monetary Fund database, an integrated approach of CRITIC, GRA, and SAW methods is employed. The results, consolidated using the Borda Count technique, provide a ranking of the financial soundness of these countries during the specified period. According to the analysis findings, the financial soundness performance rankings are as follows: Kazakhstan, Türkiye, Uzbekistan, and Kyrgyzstan. This study is the first to comparatively examine the financial soundness performances of member countries of the Organization of Turkic States, and as such, it contributes to the literature in this area.

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Cite This Article

Pala, Y., Yıldırım, H. (2025). Financial Soundness Performance in Member Countries of the Organization of Turkic States: an Application Using Multiple MCDA Methods for the Period of 2018-2022. Ege Akademik Bakış Dergisi, Cilt: 25 Sayı: 3, 523–554. https://doi.org/10.21121/eab.20250305

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