Applying Factor Analysis on the Financial Ratios of Turkey’s Top 500 Industrial Enterprises

Aysa Erdogan

Abstract


Factor analysis is a method that is used to reduce several variables into fewer dimensions that are called factors.
This study conducts factor analysis on the financial ratios of the top 500 industrial enterprises in Turkey for
2010. The purpose of the study is to group the financial ratios into categories and eliminate redundancy among
them. Our results provide partial support for the textbook classification of financial ratios.


Full Text: PDF DOI: 10.5539/ijbm.v8n9p134

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International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

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