The Relationship Between Earnings Announcements And Firm Value: An Event Study On BIST100 Firms


Guvercin A., Demir Y.

ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES, vol.10, no.3, pp.233-253, 2015 (Journal Indexed in ESCI) identifier

  • Publication Type: Article / Article
  • Volume: 10 Issue: 3
  • Publication Date: 2015
  • Title of Journal : ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES
  • Page Numbers: pp.233-253

Abstract

The study investigates the role of earnings announcements on firm value. The data used in the analysis includes 78 firms listed in BIST 100 index of Borsa Istanbul for the period between 2009 and 2013. Financial values are obtained quarterly. To analyze the effect of earnings announcements on firm value in the short run, we use an event study methodology.