“…In addition, Akıncı et al (2020) examined stock market prices and concluded that stock market prices decreased as the number of cases increased and stock market prices increased as the number of cases decreased. Bayrakdaroğlu (2010), Duman (2010), Doğru (2011), Çakır, Küçükkaplan (2012, Kısakürek and Aydın (2013), Korkmaz, Karaca (2014), Alfarra (2016), Doğan and Topal (2016), Caba (2017) Şamiloğlu, Öztop andKahraman (2017), Tezcan (2017), Ece and Güner (2018), Erdoğan (2018), Aydın (2019), Taysı (2019), Dozen and Başkan (2020), Şahin (2020), Şen (2020), Aya (2021), Kaya (2021), Alantar (2022), Atar (2022) used return on equity ratios as dependent variables in their studies using panel data analysis method. Bayrakdaroğlu (2010) concluded that free float ratios have an impact on the financial performance of firms, while Duman (2010) found that a reliable information flow ensures that investors focus on long-term investment instead of short-term gains.…”