YATIRIM TEŞVİK DUYURULARININ İMALAT ŞİRKETLERİNİN PAY GETİRİLERİNE ETKİSİNİN ANALİZİ
vergi raporu, sa.254, ss.72-83, 2020 (TRDizin)
- Yayın Türü: Makale / Tam Makale
- Basım Tarihi: 2020
- Dergi Adı: vergi raporu
- Derginin Tarandığı İndeksler: TR DİZİN (ULAKBİM)
- Sayfa Sayıları: ss.72-83
- Çukurova Üniversitesi Adresli: Evet
Özet
In this study, the impact of investment
incentive announcements of manufacturing
companies on the stock returns is examined.
Event study method is employed. A total of 54
investment incentive announcements of 41
Borsa Istanbul manufacturing companies during
2012 and 2020 period are sampled. Investment
incentive announcements dates are determined
as event days. Event window is chosen by
determining five days before and five days after
the event day. Empirical results suggest that
investment incentive announcements initiate
abnormal stock returns. This finding implies
that Borsa Istanbul does not appear to be semistrongly efficient. This finding would also indicate existence of investor expectation towards
potential future stock returns.