TY  - JOUR
TT  - The relationship between common stock returns and financial ratios: A fundamental analysis in the İstanbul Stock Exchange
AU  - Kalaycı, Şeref
AU  - Karataş, Abdülmecit
PY  - 2005
DA  - July
JF  - Muhasebe ve Finansman Dergisi
PB  - Muhasebe ve Finansman Öğretim Üyeleri Bilim ve Araştırma Derneği
WT  - DergiPark
SN  - 2146-3042
SP  - 146
EP  - 158
IS  - 27
KW  - Hisse senedi getirileri
KW  - temel analiz
KW  - finansal oranlar.
N2  - In this study, relationships between stock returns and financial ratios were studied in the light of fundamental analysis in Istanbul Stock Exchange. Multiple regression and factor analysis were used in order to determine the relationships. Chosen sample sectors are food and beverages; manufacture of chemical, petroleum and plastics; and manufacture of paper and paper products. The data was gathered from semi-annual financial statements Study covered the period of 1996-1997 and tried to explain stock returns using these ratios. Financial ratios used were profitability, liquidity, financial structure, activity and stock market performances. Findings reveal that stock returns are explained by profitability, stock market performance, and productivity ratios for the above mention sectors and periods.
UR  - https://dergipark.org.tr/en/pub/mufad/article/395331
L1  - https://dergipark.org.tr/en/download/article-file/425932
ER  -