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- Title
Ţirketlerin Gönüllü Açıklamalarının Hisse Senedi Getirileri Üzerine Etkileri.
- Authors
BABACAN, Burak; ÖZER, Gökhan
- Abstract
This paper examines the stock returns' reaction to the voluntary disclosures made by non financial firms listed on the Istanbul Stock Exchange Market 100 Index. An event study methodology was conducted to examine the effect of voluntary disclosures on stock returns. The results show that voluntary disclosures effect the stock returns. We also found that stock returns reaction is stronger espacially for the firms those 1) have less distributed capital 2) supply products with the low level technology changing.
- Subjects
DISCLOSURE in accounting; LIQUIDATING dividends; RATE of return; ISTANBUL Stock Exchange (Organization); TECHNOLOGICAL innovations
- Publication
Journal of Management & Economics / Yönetim ve Ekonomi, 2013, Vol 20, Issue 2, p91
- ISSN
1302-0064
- Publication type
Article