@article{article_342052, title={The Effect of Contract Winning Announcement on the Market Value of Firms: An Empirical Research in Borsa Istanbul}, journal={The Journal of International Scientific Researches}, volume={2}, pages={1–10}, year={2017}, DOI={10.23834/isrjournal.342052}, author={Karakuş, Rıfat}, keywords={İhale Kazanılması,Anormal Getiri,Kümülatif Anormal Getiri,Olay Çalışması}, abstract={<p class="MsoNormal" style="text-align:justify;"> <i> <span style="font-size:10pt;">The aim of this study is to determine
the effect of contract winning announcements made by companies on the stock
returns. In this study, which focuses on this aim, the influence of the 112
contract winning declarations belonging to companies traded in Istanbul Stock
Exchange between 2011 and 2016 was examined by event study methodology. As a
result of the study, it has been determined that the contract winning
announcements generated statistically significant cumulative abnormal returns
before and after the date of declaration. It is also revealed that this
relationship differs between the groups according to the contract size and the
ratio of contract size to company’s sales. </span> </i> </p>}, number={7}, publisher={Salih YILDIZ}