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dc.contributor.authorErdoğan, Levent
dc.contributor.authorCeylan, Reşat
dc.contributor.authorAbdul-Rahman, Mutawakil
dc.date.accessioned2021-07-27T07:04:28Z
dc.date.available2021-07-27T07:04:28Z
dc.date.issued2021en_US
dc.identifier.citationErdoğan, L., Ceylan, R. ve Abdul-Rahman, M. (2021). The Impact of domestic and global risk factors on Turkish stock market: Evidence from the NARDL approach. Emerging Markets Finance and Trade.en_US
dc.identifier.issn1540-496X
dc.identifier.issn1558-0938
dc.identifier.urihttps://doi.org/10.1080/1540496X.2021.1949282
dc.identifier.urihttps://hdl.handle.net/20.500.12154/1530
dc.description.abstractThe study investigates the short-run and long-run asymmetric effects of the global economic policy uncertainty, real oil prices, and country-specific geopolitical risk on real stock returns in Turkey by using the nonlinear autoregressive distributed lag (NARDL) framework over the pre-COVID-19 period of 1997:01-2019:12 and full-sample period of 1997:01-2020:12. The empirical findings indicate the following results. Firstly, global economic policy uncertainty leads to depress real stock returns for both sample periods. Secondly, negative real oil price changes, in the long run, have relatively greater effects compare to positive changes on real stock returns, whereas positive oil price changes affect negatively in the short-run for the full-sample period. Thirdly, the country-specific geopolitical risk exerts positive effects on the real stock returns in the long run for both periods. The overall results suggest that the Turkish real stock returns react more to the bad news caused by the global factors than the domestic one.en_US
dc.language.isoengen_US
dc.publisherRoutledgeen_US
dc.relation.ispartofEmerging Markets Finance and Tradeen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectEconomic Policy Uncertaintyen_US
dc.subjectStock Returnsen_US
dc.subjectGeopolitical Risksen_US
dc.subjectOil Pricesen_US
dc.subjectNon-Linear ARDLen_US
dc.subjectTurkeyen_US
dc.titleThe Impact of domestic and global risk factors on Turkish stock market: Evidence from the NARDL approachen_US
dc.typearticleen_US
dc.departmentİHÜ, İnsan ve Toplum Bilimleri Fakültesi, İktisat Bölümüen_US
dc.authorid[No ORCID Available]en_US
dc.ihuauthorid[No ORCID Available]en_US
dc.relation.ihupublicationcategory115en_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - İdari Personel ve Öğrencien_US
dc.contributor.institutionauthorAbdul-Rahman, Mutawakil
dc.identifier.doi10.1080/1540496X.2021.1949282en_US
dc.description.wosqualityQ2en_US
dc.description.wospublicationidWOS:000670092400001en_US
dc.description.scopuspublicationid2-s2.0-85109940509en_US


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