Forecasting of Corporate Performances on the Basis of Financial Indicators

Levent Alkan

Istanbul Stock Exchange Review, 1997, vol. 1, issue 4, 39-72

Abstract: The main public facts are homogeneous inside of each nation. The financial highlights describing each of the country economical conditions and the resistance power against expected and unexpected fluctuations would change homogeneity in specific situations. The nation is heterogeneous in the case of critical evaluations and expectations. Because of that reason analytical consideration changed dramatically from country to country. The main financial phenomenon like book-market equity, size effect, E/P and leverage is valid for all national capital markets. But the applications of these concepts are different from one country to another. The attitude definition of companies is homogeneous in each nation, but it is heterogeneous in multi-national applications. Although most of the phenomenon is transparent enough to be a guiding light for all nations but, the applications of these are specific and unique to each nation.. Company profile could be clarified using its fundamental financial indicators definitely. The accepted company profile definition high performance and low performance cases are searched for two different time intervals such as long term and short term. The short term and long term high / low performance company definitions are designed separately. The performance evaluation regarding to investors buying or selling decisions in ISE concluded that high performance companies have a definite preferences for taking positions of any common stock.

Date: 1997
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