Anandarajan, Asokan; Hasan, Iftekhar; Isik, Ihsan; … - 2005
States and other developed countries, research indicates that both earnings and book value are important predictors of equity … valuation. In Turkey, earnings appears to have information content but earnings, by itself, appears to be declining in … risky environment of Turkey, where future value of earnings is quite uncertain, investors may be paying less attention to …