The signalling of management about their companies' performance through bonus issues

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buir.advisorAltay-Salih, Aslıhan
dc.contributor.authorGüyük, Tarkan
dc.date.accessioned2016-01-08T20:15:59Z
dc.date.available2016-01-08T20:15:59Z
dc.date.issued1998
dc.departmentDepartment of Managementen_US
dc.descriptionAnkara : Department of Management and the Graduate School of Business Bilkent Univ., 1998.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 1998.en_US
dc.descriptionIncludes bibliographical references leaves 41-42.en_US
dc.description.abstractThe present thesis aims at investigating the validity of information signaling hypothesis through bonus issues in Turkey. The study looks at all the bonus issues by industrial companies realized during 1995-1997 period. It uses event study methodology to search for the positive average abnormal returns and the correlation of those with the real changes in yearly Net Sales ("NS"), Earnings Per Share ("EPS") and Earnings Per Price ("EPP") figures of the selected companies within 30 days before and after the bonus issue. The results support the positive abnormal return and abnormal volume increase before the split execution date, however no significant correlation between average abnormal returns and the selected indicators could be detected. This finding is contrary to the information-signaling hypothesis through bonus issues.en_US
dc.description.degreeM.B.Aen_US
dc.description.statementofresponsibilityGüyük, Tarkanen_US
dc.format.extent45 leaves, tablesen_US
dc.identifier.itemidBILKUTUPB053833
dc.identifier.urihttp://hdl.handle.net/11693/18072
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectStock Spliten_US
dc.subjectBonus Issueen_US
dc.subjectNet Salesen_US
dc.subjectEarnings per Shareen_US
dc.subjectEarnings per Priceen_US
dc.subject.lccHG4028.D5 G89 1998en_US
dc.subject.lcshStock dividends.en_US
dc.subject.lcshStock splitting.en_US
dc.subject.lcshInvestment analysis.en_US
dc.subject.lcshCorporation--Finance.en_US
dc.subject.lcshStock prices.en_US
dc.titleThe signalling of management about their companies' performance through bonus issuesen_US
dc.typeThesisen_US

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