Determinants of market efficiency: evidence from Borsa Istanbul

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dc.authorid0000-0003-3305-7209
dc.contributor.authorŞahin, Ebubekir Sıddık
dc.contributor.authorVarlı, Yusuf
dc.contributor.otherYönetim Bilimleri Fakültesi, İktisat Bölümü
dc.date.accessioned2019-06-25T08:04:15Z
dc.date.available2019-06-25T08:04:15Z
dc.date.issued2018
dc.departmentİHÜ, Yönetim Bilimleri Fakültesi, İktisat Bölümü
dc.departmentİHÜ, Lisansüstü Eğitim Enstitüsü, İktisat Ana Bilim Dalı
dc.description.abstractFollowing the last global financial crisis, efficiencies of stock markets have come to sight as a novel area of research. The question of what factors shape the efficiency of the stock market is naturally always of a curiosity in theory and practice. In line with the framework of this curiosity, this study examines the determinants that play a crucial role in the efficiency of a certain stock market, Borsa Istanbul. Our study contributes to the literature by using five years and daily data for both individual and institutional investors. We here aim to specify the nine determinants of efficiency which are categorized under investor-based, market-based and country-based determinants. According to the three different regressions and VAR analysis, the model indicates the strong relationship between the efficiency and the specified determinants. The results illustrate that market efficiency has a statistically significant relationship with turnover, market volatility, the share of foreigners and interest rate
dc.identifier.citationVarlı, Y. ve Şahin, E. S. (2018). Determinants of market efficiency: evidence from Borsa Istanbul. ICOAEF’18 IV. International Conference on Applied Economics and Finance, 28-30 November 2018
dc.identifier.urihttps://hdl.handle.net/20.500.12154/781
dc.institutionauthorVarlı, Yusuf
dc.institutionauthorid0000-0003-3305-7209
dc.language.isoen
dc.publisherT.C. Merkez Bankası
dc.relation.ihupublicationcategory130
dc.relation.ispartofICOAEF’18 IV. International Conference on Applied Economics and Finance, 28-30 November 2018
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanı
dc.relation.publicationcategoryÖğrenci
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectStock Market Efficiency
dc.subjectBorsa Istanbul
dc.subjectDeterminants of Efficiency
dc.subjectAdjusted Return
dc.titleDeterminants of market efficiency: evidence from Borsa Istanbul
dc.typeConference Object
dspace.entity.typePublication
relation.isAuthorOfPublicationd17361da-7d88-4d33-af55-e3d83fe37bbc
relation.isAuthorOfPublication.latestForDiscoveryd17361da-7d88-4d33-af55-e3d83fe37bbc
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relation.isOrgUnitOfPublication.latestForDiscovery9d1809d1-3541-41aa-94ed-639736b7e16f

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