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Regional Differences and Financial Ratios: A Comparative Approach on Companies of ISE City Indexes

Author

Listed:
  • Ali DERAN

    (Ni de University, Department of Business, Ni de, Turkey)

  • Omer ISKENDEROGLU

    (Ni de University, Department of Business, Ni de, Turkey)

  • Incilay ERDURU

    (Ni de University, Department of International Trade and Business, Ni de, Turkey.)

Abstract

This study aims to compare the regional differences by the financial ratios of 157 companies listed on Istanbul Stock Exchange (ISE), Turkey. In this respect, data of 157 companies are researched on the city indexes of Istanbul, Izmir, Kocaeli and Bursa. 16 ratios showing liquidity, financial structure, turnover, profitability and stock market performance of the companies is calculated in the analysis for 2011 annually. Independent Sample t test and Mann-Whitney U Test are employed to reveal any significant difference in the companies operating in different regions. The result of the study varies on the compared regions. The differences also figure out that financial management differs among regions.

Suggested Citation

  • Ali DERAN & Omer ISKENDEROGLU & Incilay ERDURU, 2014. "Regional Differences and Financial Ratios: A Comparative Approach on Companies of ISE City Indexes," International Journal of Economics and Financial Issues, Econjournals, vol. 4(4), pages 946-955.
    • Handle: RePEc:eco:journ1:2014-04-20
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    References listed on IDEAS

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    Cited by:

    1. Gencia Adrian Daniel, 2015. "Consensus on Commonly used Financial Ratios," Proceedings of FIKUSZ 2015, in: Jolán Velencei (ed.),Proceedings of FIKUSZ '15, pages 79-88, Óbuda University, Keleti Faculty of Business and Management.

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    More about this item

    Keywords

    financial ratio; regional difference; independent sample t test; mann-whitney u test;
    All these keywords.

    JEL classification:

    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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