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.
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.
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).
AMA
Durukan MB, Mandacı PE. THE RELATIONSHIP BETWEEN STOCK RETURNS AND FUNDAMENTAL VARIABLES: EVIDENCE FROM ISTANBUL STOCK EXCHANGE. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi. March 2003;4(1).
Chicago
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 4, no. 1 (March 2003).
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
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, 2003.
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 2003).
JAMA
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.
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, 2003.
Vancouver
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).
