Abstract:
Thailand's information and communications technology (ICT) sector is experiencing rapid growth according to several factors including increase in technology adoption and government initiatives. This study aims to propose a multi-criteria decision-making (MCDC) model to measure and to compare the financial performance of eighteen ICT firms listed firms in Stock Exchange of Thailand. These firms are examined and assessed using eight financial ratios including liquidity, profitability, leverage, operating and market value ratios collected from DataStream International and Stock Exchange of Thailand for three-year period between 2021 and 2023 to obtain a financial performance score using Technique for Order Preference by Similarity to Ideal Solution Methods (TOPSIS). This study also examines whether the firms can keep their ranking position throughout the three years. This could provide investors with an additional piece of information on making investment decisions.
Keywords: Entropy weight TOPSIS, ICT Sector, Financial Performance, Thailand