Abstract:

One of the most important factors that influence the decisions of stock investors is undoubtedly the stock prices. Investors can make healthy decisions by correct and meaningful identification of factors affecting the stock prices. The purpose of this study is to determine the factors at the business level that determine the stock price. The study examined the stock prices of companies trading in the BIST Technology Index between 2009:1 and 2015:2 period as a variable dependent. As independent variables, it is determined the rate of lifting, the rate of payment, the rate of profit per share, the rate of active profitability, the rate of price/winning, the rate of net profit growth, the rate of capital growth, the rate of transaction and the rate of market value/defter. The study used the smallest quarters forecast method as a multi-regression model. According to the research results, the most important factors affecting the stock price at the business level can be the market value/defter value and the profit ratio per share.

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