İstanbul Menkul Kıymetler Borsasında hisse senedi getirilileri ile ilişkili olan finansal oranların araştırılması

Year 2008, Volume: 37 Issue: 2, 137 - 150, 16.01.2009

Metin Aktas

Abstract

The purpose of this article is to contribute to the selection of high-performance stocks by determining the financial ratios related with the stock returns in the Istanbul Stock Exchance, Turkey. In this study, the relationship between stock returns and financial ratios has been searched as medium-term. The reason for using medium-term is to support investment strategies especially for the medium and long term funds such as pension and insurance funds. The results of the analysis indicate that acit test and cash flows from operation activities divided by equity ratios are suitable for the term 1995-1999 and gross profit divided by sales and net profit divided by sales ratios are suitable for the term 2003-2006.

Keywords

Hisse Senedi, Finansal Oranlar, Hisse Senedi Getirisi

A research on financial ratios related to stock returns in the Istanbul Stock Exchange

Abstract

The purpose of this article is to contribute to the selection of high-performance stocks by determining the financial ratios related with the stock returns in the Istanbul Stock Exchance, Turkey. In this study, the relationship between stock returns and financial ratios has been searched as medium-term. The reason for using medium-term is to support investment strategies especially for the medium and long term funds such as pension and insurance funds. The results of the analysis indicate that acit test and cash flows from operation activities divided by equity ratios are suitable for the term 1995- 1999 and gross profit divided by sales and net profit divided by sales ratios are suitable for the term 2003-2006. 

Keywords

Stocks, Financial Ratio, Stock Yield

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