TEK DÜZEN HESAP PLANI VE UFRS'YE GÖRE ELDE EDİLEN FİNANSAL ORANLARIN HİSSE GETİRİLERİ İLE İLİŞKİSİNİN KARŞILAŞTIRMALI İNCELENMESİ: BİST'TE BİR UYGULAMA / A COMPARATIVE STUDY OF RELATIONSHIP BETWEEN STOK RETURNS AND FINANCIAL RATIOS IN ACCORDANCE WITH UNIFORM CHART OF ACCOUNTS AND IFRS: AN APPLICATON ON BIST

Israfil ZOR, Rifat KARAKUS
2014 Journal of Yasar University  
The worldwide use of International Financial Reporting Standards which is posed by economic globalization as a need led to comparisons between these standards and domestic accounting standards which were used before IFRS. This study aims to compare the relationship between stock returns and financial ratios that are calculated according to IFRS or domestic accounting standards. For this purpose, data of 141 companies between 1999/9 and 2003/6 terms according to domestic accounting standards and
more » ... nting standards and data of 182 companies between 2005/9 and 2011/6 term according to IFRS are used and panel data analysis is performed by these data. Results of the analysis reveal that although there is a statistically significant relationship between stock returns and financial ratios calculated according to domestic accounting standards, there is no relationship according to IFRS.
doi:10.19168/jyu.23847 fatcat:yncys7vpv5cw5grd2vxvtjco7q