Financial Performance Management in Local Governments: Example of Istanbul and Kocaeli Metropolitan Municipalities

In this study, the financial performance of local governments was evaluated through the example of the metropolitan municipality. Criteria were weighted by the Normalized Maximum Values method. Alternatives were ranked by the Bulut Index method, TOPSIS method and the ARAS methods. The ranking results of the related methods have been converted to integrated with the Copeland method. The relationships between the financial performance ranking results were analyzed with Spearman Rho and the results were evaluated. The Copeland integrated ranking results show that the highest performance levels for the metropolitan municipalities of Istanbul and Kocaeli are in 2020 and 2021, while the lowest are in 2011 and 2012. Study results show that rankings may vary according to the methods used.