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Journals / Journal of Business Economics and Finance / 2018 / Cilt: 7 - Sayı: 2

VALUE OF FINANCIAL RATIOS IN PREDICTING STOCK RETUNS: A STUDY ON BORSA ISTANBUL (BIST)

Ensar AGİRMAN, Omer YİLMAZ

Pages
191–199
DOI
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Abstract

Purpose- This paper investigates whether financial ratios can predict stock returns for the period between from 2004: II and 2014: IV in the Borsa Istanbul (BIST). For this purpose, four financial raitos have been used that include price to book ratio (P/B), price to earning ratio (P/E), dividend per share (DPS) and firm sizes are selected.