Market efficiency and information content of financial statement earning announcements in ISE

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buir.advisorYüce, Ayşe
dc.contributor.authorKeler, S. Alp
dc.date.accessioned2016-01-08T20:15:07Z
dc.date.available2016-01-08T20:15:07Z
dc.date.issued1997
dc.descriptionAnkara : The Department of Management and Graduate School of Business Administration of Bilkent Univ., 1997.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 1997.en_US
dc.descriptionIncludes bibliographical references leaves 42-47.en_US
dc.description.abstractThis study investigates the impact of earning values of quarterly and annual financial statement announcements on stock prices and trade volumes for the stocks listed in Istanbul Stock Exchange National Market during the time period 1992-1995 The relationship between accounting information and price/trade volume is examined from two aspects. The first aspect is ''information-content test" and it measures the extent to which announcements convey information to the stock market. The results indicate that the price/trading volume changes on the day of the announcement is no different than any of the other date and no significance relationship is found between price/trading volume changes and earnings announcements. The second aspect is "market-efficiency test" and it investigates whether accounting earnings reflect factors that affect stock prices and how soon that inlormation is assimilated into stock prices. The results indicate that the accounting earnings does not reflect factors that affect stock prices and despite how strong the early information one has obtained, he can easily loose moneyen_US
dc.description.provenanceMade available in DSpace on 2016-01-08T20:15:07Z (GMT). No. of bitstreams: 1 1.pdf: 78510 bytes, checksum: d85492f20c2362aa2bcf4aad49380397 (MD5)en
dc.description.statementofresponsibilityKeler, S Alpen_US
dc.format.extentv, 91 leaves, tablesen_US
dc.identifier.itemidBILKUTUPB053794
dc.identifier.urihttp://hdl.handle.net/11693/17976
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subject.lccHG5706.5.A3 K45 1997en_US
dc.subject.lcshStock exchanges--Turkey.en_US
dc.subject.lcshEfficient market theory.en_US
dc.subject.lcshIstanbul Menkul Kiymetler Borsasi.en_US
dc.subject.lcshCapital market--Turkey.en_US
dc.subject.lcshStock certificates--Turkey.en_US
dc.titleMarket efficiency and information content of financial statement earning announcements in ISEen_US
dc.typeThesisen_US
thesis.degree.disciplineBusiness Administration
thesis.degree.grantorBilkent University
thesis.degree.levelMaster's
thesis.degree.nameMBA (Master of Business Administration)

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