TESTING FOR PROFIT PERSISTENCE OF LISTED MANUFACTURING COMPANIES IN ISTANBUL STOCK EXCHANGE
作者: Feyyaz Zeren PhD Erkan Öztürk PhD
刊名: Ekonomika, Journal for Economic Theory and Practice and Social Issues, 2015, Vol.2015/2 (IV-VI 2015)
来源数据库: Society of Economists “Ekonomika”, Nis
关键词: Persistence of ProfitsHadri-Kurozumi Panel Unit Root TestCrossSection DependencyManufacturing CompaniesIstanbul Stock Exchange.
原始语种摘要: In this paper, using the return on assets (ROA) and return on equity (ROE) ratios of the manufacturing companies listed on ISE (Istanbul Stock Exchange), it has been analysed whether the profits of those companies are persistent or not, with the usage of Hadri-Kurozumi (2012) panel unit root test. In the paper focusing on the period between 2007-Q1 and 2013-Q4, the fact that the panels have a heterogeneous structure is determined by Pesaran and Yamagata (2008) Slope Homogeneity Test. The existence of cross-sectional dependency is tested with CDLM test developed by Pesaran et al. (2008). As a result of the paper, it is determined that the profit is persistent in sectors that operate in manufacturing areas such as paper, packaging, printing, and rock, soil, cement. On the other hand, it has...
全文获取路径: PDF下载  尼什经济学家学会  (合作)
分享到:

×
关键词翻译
关键词翻译
  • panel 
  • usage 使用率
  • assets 财产
  • equity 衡平法
  • listed 坏布边
  • manufacturing 制造
  • paper 
  • ROE Round-Off Error
  • return 归路
  • profit 利息