Özet:

The purpose of this study is to explore the relationship between share revenues and the financial performance of the company. The data between 2008-2018 years of 52 operating in the manufacturing sector registered in Borsa Istanbul and regularly accessible to their data have been analyzed by creating different models with panel GMM technology. The independent variables used in the study are profitability rates, liquidity rates, efficiency rates and debt rates. Dependent variable is the share of the enterprises. According to the findings obtained from the study, the changes in the financial performance of the enterprises in the established different models have been found to have an impact on the enterprises' share revenues. In all the established models, the profitability of the capital, the efficiency rates and the market value and the record value ratio have been shown to have a positive impact on the share income. However, the liquidity rate of the company and the share revenues are both positive and negative. There is a positive relationship between the search rate and the share return, while there is a negative relationship between the liquidity rate and the share return. The results of the analysis show that there is a mostly positive relationship between the return of the share and the financial performance of the company. Therefore, investors should consider financial performance rates as a leading indicator for share revenues when investing in any share and consider the financial statements of the enterprises. This work portfolio provides important information to investors, business owners and foreign investors.

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