{"id":1064,"date":"2011-04-22T11:32:11","date_gmt":"2011-04-22T16:32:11","guid":{"rendered":"http:\/\/www.berjournal.com\/?p=1064"},"modified":"2011-05-17T10:40:14","modified_gmt":"2011-05-17T15:40:14","slug":"stock-prices-and-priceearning-ratio-relationship-a-sectoral-analysis-with-panel-data","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/stock-prices-and-priceearning-ratio-relationship-a-sectoral-analysis-with-panel-data","title":{"rendered":"Stock Prices and Price\/Earning Ratio Relationship: A Sectoral Analysis with Panel Data"},"content":{"rendered":"<table border=\"1\" cellspacing=\"0\" cellpadding=\"7\" width=\"534\" frame=\"hsides\" bordercolor=\"#00ffff\">\n<colgroup span=\"1\">\n<col span=\"1\" width=\"544\"><\/col>\n<\/colgroup>\n<tbody>\n<tr>\n<td width=\"544\" valign=\"top\" bgcolor=\"#ccecff\">\n<p style=\"margin-top: 0.21cm;\"><span style=\"font-family: Arial, sans-serif;\"><strong>Article Information<\/strong><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"544\" valign=\"top\">\n<p style=\"text-align: justify; margin-top: 0.11cm;\"><span style=\"font-family: Arial, sans-serif;\"><span lang=\"en-US\"><strong>Journal: <\/strong><\/span><\/span><span style=\"font-family: Arial, sans-serif;\"><span lang=\"en-US\">Business and Economics Research Journal<br \/>\n<strong>Title of Article: <\/strong><\/span><\/span><span style=\"font-family: Arial, sans-serif;\">Hisse Senedi Fiyatlar\u0131 ve Fiyat\/Kazan\u00e7 Oran\u0131 \u0130li\u015fkisi: Panel Verilerle Sekt\u00f6rel Bir Analiz<br \/>\n<span lang=\"en-US\">[<\/span><\/span><span style=\"font-family: Arial, sans-serif;\"><span lang=\"en-US\">Stock Prices and Price\/Earning Ratio Relationship: A Sectoral Analysis with Panel Data]<br \/>\n<strong>Author(s):<\/strong><\/span><\/span><span style=\"font-family: Arial, sans-serif;\"><span lang=\"en-US\"> Mehmet Nargelecekenler<br \/>\n<strong>Volume:<\/strong><\/span><\/span><span style=\"font-family: Arial, sans-serif;\"><span lang=\"en-US\"> 2<br \/>\n<strong>Number:<\/strong><\/span><\/span><span style=\"font-family: Arial, sans-serif;\"><span lang=\"en-US\"> 2<br \/>\n<strong>Year:<\/strong><\/span><\/span><span style=\"font-family: Arial, sans-serif;\"><span lang=\"en-US\"> 2011<br \/>\n<strong>Page:<\/strong><\/span><\/span><span style=\"font-family: Arial, sans-serif;\"><span lang=\"en-US\"> 165 &#8211; 184<br \/>\n<strong>ISSN: <\/strong><\/span><\/span><span style=\"font-family: Arial, sans-serif;\"><span lang=\"en-US\">1309-2448<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"544\" valign=\"top\" bgcolor=\"#ccecff\">\n<p style=\"margin-top: 0.11cm;\" lang=\"en-US\"><span style=\"color: #111111;\"><span style=\"font-family: Arial, sans-serif;\"><strong>Abstract<\/strong><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"544\" valign=\"top\">\n<p style=\"text-align: justify; margin-top: 0.11cm;\"><span style=\"color: #231f20;\"><span style=\"font-family: Arial, sans-serif;\"><span lang=\"en-US\">In this study, we investigate with two different models that whether a meaningful relationship between price\/earnings ratio and stock prices or not in the sectoral basis for the 2000-2008 period. We use one-way fixed effects models and test for low price\/earnings ratio effect. According to the results, there is not relationship price\/earnings ratio all sectors in ISE. Six months in certain sectors, certain sectors for the three-month period may be talking about such a relationship. Therefore, when we investing for relevance sector should be decided according to the model is valid. The estimated parameters show that there is low price\/earnings ratio relationship is valid for all sectors, except the metal goods industry in a three-month period<\/span><\/span><\/span><span style=\"font-family: Arial, sans-serif;\"><span lang=\"en-US\">.<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"544\" valign=\"top\">\n<p style=\"margin-top: 0.11cm;\"><span style=\"color: #111111;\"><span style=\"font-family: Arial, sans-serif;\"><span lang=\"en-US\"><strong>Keywords: <\/strong><\/span><\/span><\/span><span style=\"font-family: Arial, sans-serif;\"><span lang=\"en-US\">Stock prices, Prices\/earnings ratio<\/span><\/span><span style=\"font-family: Arial, sans-serif;\"><span lang=\"en-US\">, Panel data, Fixed effect, PCSE<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"544\" valign=\"top\">\n<p style=\"text-align: justify; margin-top: 0.11cm;\"><span style=\"color: #111111;\"><span style=\"font-family: Arial, sans-serif;\"><span lang=\"fr-FR\"><strong>JEL Classification: <\/strong><\/span><\/span><\/span><span style=\"font-family: Arial, sans-serif;\"><span lang=\"fr-FR\">C23, C33, D33<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><table style=\"border: 0px solid #CCC;\" cellpadding=\"3\" width=\"100%\">\r\n  <tr>\r\n    <td width=\"35\">\r\n      <img decoding=\"async\" src=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" alt=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" width=20 height=18>\r\n    <\/td>\r\n    <td>\r\n      <b> \r\n<a href=\"https:\/\/www.berjournal.com\/tr\/?file_id=67\">Tam Metin\r\n<\/b> ( <span style=\"font-weight:bolder;\">\u2193<\/span> 3050)<\/a>    <\/td>\r\n  <\/tr>\r\n<\/table><\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_1064\" class=\"pvc_stats all  \" data-element-id=\"1064\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.berjournal.com\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Article Information Journal: Business and Economics Research Journal Title of Article: Hisse Senedi Fiyatlar\u0131 ve Fiyat\/Kazan\u00e7 Oran\u0131 \u0130li\u015fkisi: Panel Verilerle Sekt\u00f6rel Bir Analiz [Stock Prices and Price\/Earning Ratio Relationship: A Sectoral Analysis with Panel Data] Author(s): Mehmet Nargelecekenler Volume: 2 Number: 2 Year: 2011 Page: 165 &#8211; 184 ISSN: 1309-2448 Abstract In this study, we [&hellip;]<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_1064\" class=\"pvc_stats all  \" data-element-id=\"1064\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.berjournal.com\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,7],"tags":[],"class_list":["post-1064","post","type-post","status-publish","format-standard","hentry","category-manuscript","category-manuscript2"],"a3_pvc":{"activated":true,"total_views":82,"today_views":0},"_links":{"self":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/1064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/comments?post=1064"}],"version-history":[{"count":0,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/1064\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/media?parent=1064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/categories?post=1064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/tags?post=1064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}