Comparative Assessment of Turkey and Some Selected Asian and Eastern European Countries in Terms of the Business Environment Using the TOPSIS Method

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Özkaya G.

in: Theory and Research in Social, Human and Administrative Sciences, Assoc. Prof. Dr. Erdem Sarıkaya, Editor, Gece Publishing, Ankara, pp.307-335, 2020

  • Publication Type: Book Chapter / Chapter Research Book
  • Publication Date: 2020
  • Publisher: Gece Publishing
  • City: Ankara
  • Page Numbers: pp.307-335
  • Editors: Assoc. Prof. Dr. Erdem Sarıkaya, Editor
  • Yıldız Technical University Affiliated: Yes


Business assessment is an interesting and difficult topic to assess. As presented in the literature review, this topic involves many factors and dimensions. The study aims to compare the determined countries in terms of the business environment using indicators and dimensions in Enterprise Surveys. This data source is an important survey organized by the World Bank. The study also aims to provide countries with the opportunity to compare themselves with similar economies and see their deficiencies. The strengths and weaknesses of economies in terms of the business environment are also revealed. It gives an idea with its results to local and foreign investors who are considering investing in these markets. When the results of the study are evaluated, there are many things that countries should do in terms of corruption, trust in the judiciary, infrastructure, security and government regulations. The business environment of a country is directly related to sustainable growth, foreign investment and the welfare of its people. Until now, the analysis of the business environment has not been handled within this scope and with a multi-criteria method in which many countries are evaluated together. Studies are carried out with descriptive statistics in general. Evaluating each dimension separately and all together with TOPSIS is a novelty that this study brings to the literature. Also in this study, a detailed assessment is made about the business environment in Turkey. In the evaluations, Russia and Ukraine differ badly from other countries. Poland, Czech Republic, Latvia and Turkey performs relatively good performance according to the overall rankings. Russia and Ukraine need to work hard to improve their current situation. It is expected that this study will continue with the evaluation of these and other countries in the future by using other multi-criteria decision-making methods. It is recommended to perform more studies using different methods and data banks and to compare the results.