TY  - JOUR
TT  - VALUE INVESTING: MULTI-OBJECTIVE PORTFOLIO SELECTION ON THE BORSA ISTANBUL
AU  - Karcıoğlu, Reşat
AU  - Yıldırım, Durmuş
PY  - 2017
DA  - July
JF  - Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi
JO  - Trend Bus Econ
PB  - Atatürk Üniversitesi
WT  - DergiPark
SN  - 1300-4646
SP  - 857
EP  - 874
VL  - 31
IS  - 4
KW  - Değer Yatırımı
KW  - Portföy Seçimi
KW  - Çok Amaçlı Bulanık Optimizasyon
KW  - BİST
N2  - This study aims to choose stocks of firms quoted in Borsa Istanbul usingvalue investing strategy and to test the corresponding portfolios’ long-runperformance in rising and falling markets. For this purpose, multi-objective fuzzy optimization method based onvalue investment criteria was used in the selection of stocks constitutingportfolios and the effectiveness of this method has been tested. This studyutilized the data of three distinctive periods, namely, 1996-2007, 2000-2011and 2004-2015. As a result of the study, it has been found that valueportfolios have a better performance than BIST 100 index return in falling andrising markets.
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UR  - https://dergipark.org.tr/tr/pub/atauniiibd/issue//296986
L1  - https://dergipark.org.tr/tr/download/article-file/482830
ER  -