Profitability of the Contrarian Strategy and the Overreaction Effect on the Istanbul Stock Exchange

This study investigates the market reaction to dividend change announcements at the Istanbul Stock Exchange. A sample of 184 announcements made by 46 companies during the period 2005 to 2008 is analyzed by using the event study methodology. The results suggest that the market reacts positively to dividend increases, negatively to dividend decreases and does not react when dividends are not changed, consistent with the signaling hypothesis. Also, the results show pre-event information leakage for the decreasing dividends sample.

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■ Are Macroeconomic Variables Important for the Stock Market Volatility? Evidence from the Istanbul Stock Exchange

Stock Market Volatility ◽

10.1201/9781420099553-35 ◽

2009 ◽

pp. 549-564

Keyword(s):

Stock Market ◽

Stock Exchange ◽

Market Volatility ◽

Stock Market Volatility ◽

Macroeconomic Variables ◽

Istanbul Stock Exchange

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The Influence of Acquisitions on a Firm’s Performance within a Sector: An Application on Istanbul Stock Exchange

International Conference on Eurasian Economies 2014 ◽

10.36880/c05.01111 ◽

2014 ◽

Author(s):

İbrahim Halil Ekşi ◽

Nasara Banu Güzel ◽

Rabia Ecem Küçüktaşdurmaz

Keyword(s):

Mergers And Acquisitions ◽

Financial Performance ◽

Stock Exchange ◽

Topsis Method ◽

Listed Firms ◽

Positive Effects ◽

Istanbul Stock Exchange

In recent years it have seen a significant increase in the number of business mergers and acquisitions. There are number of reasons led to this trend. Amongst them it is the need to increase the firm financial performances. This paper mainly is focuses on other different effects of mergers and acquisitions on the financial performance of businesses. In this study, looking at Turkish stock exchange listed firms that have experienced acquisitions or mergers and the effects of such mergers on their performance. In this context, it be looked at textile firms and firms based on stone and land work that experienced acquisitions in 2010. The firms are Altinyildiz in textile and Çimbeton in the mining sectors respectively. Having look at the financial performances of these firms in their respective sectors before the acquisitions (2007, 2008, 2009), the acquisitionsin 2010, 9 rates were used the in TOPSIS method. According to findings, the acquisitioned firm’s show that they have positive effects on the financial performances of the firms. It is observed that there are differences in sectors’ period and degrees. In this case, it’s possible to explain the sectoral dynamics and acquisions of the firms’ integration.

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The return on assets method for intellectual capital and application in Istanbul Stock ExchangeHesaplanmış maddi olmayan değer yöntemi ile entelektüel sermayenin hesaplanması ve Borsa İstanbul’da bir uygulama

Journal of Human Sciences ◽

10.14687/jhs.v13i3.4187 ◽

2016 ◽

Vol 13 (3) ◽

pp. 4675

Author(s):

Tayfun Deniz Kuğu

Keyword(s):

Intellectual Capital ◽

Development Process ◽

Intangible Assets ◽

Stock Exchange ◽

Return On Assets ◽

Industry Development ◽

Tangible Assets ◽

Istanbul Stock Exchange ◽

Physical Assets

Industry development process based on the information of the physical assets must be incline toward. In this regard, enterprises as well as tangible assets, intangible assets they have is a growing importance. In this case, the measurement of intangible assets for businesses, evaluating and comparing with competitors constitutes necessity. In other words, it is necessary for the existence of intellectual capital business. ÖzetSanayinin gelişim süreci fiziksel varlıklardan bilgiye dayalı varlıklara yönelmeyi zorunlu kılmaktadır. Bu bakımdan işletmelerin maddi duran varlıklarının yanı sıra, sahip oldukları maddi olmayan duran varlıkları da artan bir öneme sahip olmaktadır. Bu durum işletmeler için maddi olmayan duran varlıklarının ölçülmesi, değerlendirilmesi ve rakipleri ile kıyaslanması zorunluluğunu oluşturmaktadır. Bir başka deyişle, Entelektüel sermaye işletmelerin varlığı için gereklidir.

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