Anandarajan, Asokan; Hasan, Iftekhar; Isik, Ihsan; … - 2005
In this study, we examine factors associated with equity valuation in a newly emerging market, Turkey. In the United … 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 …