GURIS, Selahattin; PALA, Aynur - In: International Journal of Economics and Financial Issues 4 (2014) 2, pp. 264-276
This paper examines the firm-spesific characteristics that affect on equity returns depending on sector rotation scheme throughout four financial cycle stages for an important emerging market, Turkey. For this purpose, using panel data for twenty-five non-financial equities selected from ISE-100...