AI Summary & Key Takeaways
AI InsightTh 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.
📌 3 Key Takeaways
Abstract
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.
Özet
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.