Author/Authors
REİS, Şükriye Gül Gaziantep Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - İşletme Bölümü, Turkey , AYDIN, Nurhan Anadolu Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - İşletme Bölümü, Turkey
Title Of Article
Causality Relationship Between Stock Liquidity and Financial Performance: An Example of Borsa İstanbul
شماره ركورد
19620
Abstract
The aim of this study is to present the relationship between financial performance and stock liquidity. The relationship has been examined for industry firms which operate in BIST 100 index for the period of 2005Q1-2012Q1. The stock liquidity proxies are Amihud illiquidity ratio and turnover ratio; financial performance proxy is Market Value/Book Value(MV/BV). Dumitrescu and Hurlin causality test is used for determining the relationship. Empirical results show that there is a two-way causality between financial performance and stock liquidity in Borsa Istanbul.
From Page
607
NaturalLanguageKeyword
liquidity , performance , causality
JournalTitle
Gaziantep University Journal Of Social Sciences
To Page
617
JournalTitle
Gaziantep University Journal Of Social Sciences
Link To Document