TESTING OF THE NEGLECTED FIRM EFFECT ANOMALY IN BORSA ISTANBUL

被引：0

作者：

Sak, Ahmet Furkan ^{[1
]}

Dalgar, Huseyin ^{[1
]}

机构：

[1] Burdur Mehmet Akif Ersoy Univ, Iktisadi & Idari Bilimler Fak, Burdur, Turkey

来源：

JOURNAL OF MEHMET AKIF ERSOY UNIVERSITY ECONOMICS AND ADMINISTRATIVE SCIENCES FACULTY | 2020年 / 7卷

关键词：

Neglected Firm Effect Anomaly; Istanbul Stock Exchange; Panel Regression Analysis;

D O I：

10.30798/makuiibf.790105

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study aims to research the validity of neglected firm effect anomaly in BIST (Istanbul Stock Exhange) by using panel regression analysis. In this study, the quarterly data of 330 firms included in BIST between 2015 and 2019 is analysed by using panal data regression method. As a result of the analysis, statistically significant and positive effects of return on asset ratio and leverage ratio on quarterly stock returns are found. Besides, as the main reseach topic, statistically significant and positive effect of neglected firm effect on quarterly stock returns is found. In the light of this result, neglected firm effect anomaly has been found to be valid for BIST within the period and the data set given.

引用

页码：926 / 936

页数：11

共 50 条

[1] The Effect of Sustainability on Firm Performance: Evidence From Borsa Istanbul
Dogukanli, Hatice
Borak, Metin
[J]. ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES, 2020, 15 (01): : 81 - 94
[2] The accrual anomaly: Evidence from Borsa Istanbul
Ozkan, Nasif
Kayali, Mustafa Mesut
[J]. BORSA ISTANBUL REVIEW, 2015, 15 (02) : 115 - 125
[3] The Effect of Financial Ratios and Macroeconomic Factors on Firm Value: An Empirical Analysis in Borsa Istanbul
Karakus, Rifat
Bozkurt, Ibrahim
[J]. 4TH RSEP INTERNATIONAL CONFERENCES ON SOCIAL ISSUES AND ECONOMIC STUDIES, 2017, : 27 - 34
[4] TESTING THE RELATIONSHIPS BETWEEN ENERGY PRICES AND THE BORSA ISTANBUL INDICES
Temel, Faruk
Eryigit, Mehmet
[J]. JOURNAL OF MEHMET AKIF ERSOY UNIVERSITY ECONOMICS AND ADMINISTRATIVE SCIENCES FACULTY, 2021, 8 (01): : 370 - 398
[5] Oil assets and portfolio diversification: Firm-level analysis for Borsa Istanbul
Mandaci, Pinar Evrim
Kirkpinar, Aysegul
[J]. BORSA ISTANBUL REVIEW, 2022, 22 (03) : 571 - 585
[6] Testing Market Efficiency with Nonlinear Methods: Evidence from Borsa Istanbul
Aliyev, Fuzuli
[J]. INTERNATIONAL JOURNAL OF FINANCIAL STUDIES, 2019, 7 (02):
[7] ANALYSIS OF RELATIVE RETURN BEHAVIOUR OF BORSA ISTANBUL REIT AND BORSA ISTANBUL 100 INDEX
Aksoy, Mine
Ulusoy, Veysel
[J]. ROMANIAN JOURNAL OF ECONOMIC FORECASTING, 2015, 18 (01): : 107 - 128
[8] The Relationship Between Cost Stickiness and Earnings Management and Firm Characteristics: A Review on Borsa Istanbul
Sevimli-Orgun, Gamze
Aygun, Mehmet
[J]. SOSYOEKONOMI, 2024, 32 (60) : 339 - 363
[9] AUDITOR SELECTION, CORPORATE GOVERNANCE AND CUSTOMER FIRM CHARACTERISTICS: A STUDY ON BORSA ISTANBUL (BIST)
Away, Aysel OZTURKct
[J]. INTERNATIONAL JOURNAL OF CONTEMPORARY ECONOMICS AND ADMINISTRATIVE SCIENCES, 2020, 10 (02): : 432 - 450
[10] The effect of prospect theory value on asset returns on the Borsa Istanbul
Mollaahmetoglu, Ebubekir
Altay, Erdinc
[J]. BORSA ISTANBUL REVIEW, 2023, 23 (05) : 1058 - 1066

← 1 2 3 4 5 →