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THE RELATIONSHIP BETWEEN STOCK RETURNS AND FUNDAMENTAL VARIABLES: EVIDENCE FROM ISTANBUL STOCK EXCHANGE
Abstract
The aim of the present stud, is to analyze the relationship between the stock returns of the firms listed on İstanbul Stock Exchange (ISE) and fundamental factors such as; the beta coefficient, Market Value/Book Value (MV/BV), Debt/Equity (D/E), Market Value of Equity (MVE), Price/Earning (P/E) and Sales/Price (S/P). In addition, the study analyzes the influence of the Jenuary effect on the relationship between fundamental factors and stock returns. The findings support the strengthening effect of jenuary on the relationship betweenstock returns and fundamental factors. Th indings of the study suggest that the beta coefficient, MVE, P/E and S/P ratios have higher explanatory power in explaining stock returns than the MV/BV and D/E ratios.
Keywords
Details
Primary Language
Turkish
Subjects
-
Journal Section
-
Publication Date
March 1, 2003
Submission Date
June 14, 2014
Acceptance Date
-
Published in Issue
Year 2003 Volume: 4 Number: 1
APA
Durukan, M. B., & Mandacı, P. E. (2003). THE RELATIONSHIP BETWEEN STOCK RETURNS AND FUNDAMENTAL VARIABLES: EVIDENCE FROM ISTANBUL STOCK EXCHANGE. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi, 4(1). https://izlik.org/JA84DB72YH
AMA
1.Durukan MB, Mandacı PE. THE RELATIONSHIP BETWEEN STOCK RETURNS AND FUNDAMENTAL VARIABLES: EVIDENCE FROM ISTANBUL STOCK EXCHANGE. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi. 2003;4(1). https://izlik.org/JA84DB72YH
Chicago
Durukan, M. Banu, and Pınar Evrim Mandacı. 2003. “THE RELATIONSHIP BETWEEN STOCK RETURNS AND FUNDAMENTAL VARIABLES: EVIDENCE FROM ISTANBUL STOCK EXCHANGE”. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi 4 (1). https://izlik.org/JA84DB72YH.
EndNote
Durukan MB, Mandacı PE (March 1, 2003) THE RELATIONSHIP BETWEEN STOCK RETURNS AND FUNDAMENTAL VARIABLES: EVIDENCE FROM ISTANBUL STOCK EXCHANGE. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi 4 1
IEEE
[1]M. B. Durukan and P. E. Mandacı, “THE RELATIONSHIP BETWEEN STOCK RETURNS AND FUNDAMENTAL VARIABLES: EVIDENCE FROM ISTANBUL STOCK EXCHANGE”, Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi, vol. 4, no. 1, Mar. 2003, [Online]. Available: https://izlik.org/JA84DB72YH
ISNAD
Durukan, M. Banu - Mandacı, Pınar Evrim. “THE RELATIONSHIP BETWEEN STOCK RETURNS AND FUNDAMENTAL VARIABLES: EVIDENCE FROM ISTANBUL STOCK EXCHANGE”. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi 4/1 (March 1, 2003). https://izlik.org/JA84DB72YH.
JAMA
1.Durukan MB, Mandacı PE. THE RELATIONSHIP BETWEEN STOCK RETURNS AND FUNDAMENTAL VARIABLES: EVIDENCE FROM ISTANBUL STOCK EXCHANGE. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi. 2003;4. Available at https://izlik.org/JA84DB72YH.
MLA
Durukan, M. Banu, and Pınar Evrim Mandacı. “THE RELATIONSHIP BETWEEN STOCK RETURNS AND FUNDAMENTAL VARIABLES: EVIDENCE FROM ISTANBUL STOCK EXCHANGE”. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi, vol. 4, no. 1, Mar. 2003, https://izlik.org/JA84DB72YH.
Vancouver
1.M. Banu Durukan, Pınar Evrim Mandacı. THE RELATIONSHIP BETWEEN STOCK RETURNS AND FUNDAMENTAL VARIABLES: EVIDENCE FROM ISTANBUL STOCK EXCHANGE. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi [Internet]. 2003 Mar. 1;4(1). Available from: https://izlik.org/JA84DB72YH