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dc.contributor.authorVarlı, Yusuf
dc.date.accessioned2018-07-11T14:11:48Z
dc.date.available2018-07-11T14:11:48Z
dc.date.issued2018
dc.identifier.citationVarlı, Y. (2018). Who are the market beaters: Lucky investors, insiders or who else?. Business and Economics Research Journal, 9(1), 87-107.en_US
dc.identifier.issn1309-2448
dc.identifier.urihttps://app.trdizin.gov.tr/makale/TXpBMk56azRPQT09
dc.identifier.urihttps://doi.org/10.20409/berj.2018.95en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12154/367en_US
dc.description.abstractConditions of beating the market is always top of the interests of investors throughout the history. In this study we aim to find who beats the market using a special trade and portfolio data from a stock exchange namely Borsa İstanbul. Instead of market data, investor based data used in this paper provides us to make stronger analyses. We initially find that 87% of individual and 92% of institutional investors get returns in a random way. Then the rest of investors are investigated to determine who consistently beats the market and gets abnormal returns. And we mainly find that the market beating gets longer with increasing portfolio size and diversification, while it gets shorter with increasing turnover. Additionally, longer beating length means higher shares of women, old adults, funds and foreigner. Furthermore, we analyze the return performance of investors in our study and show that the picture becomes reversed compared to beating length criteria. Finally, the insiders are compared with other investors to understand whether the market is efficient in the strong form or not. And the findings indicate that the insiders cannot be specifically differentiated from other investors. Therefore, we end up with the evidence that there is strong form efficiency in Borsa İstanbul.en_US
dc.language.isoengen_US
dc.publisherUludağ Üniversitesien_US
dc.relation.ispartofBusiness and Economics Research Journalen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectMarket Beatingen_US
dc.subjectAbnormal Returnsen_US
dc.subjectIndividual Investorsen_US
dc.subjectInstitutional Investorsen_US
dc.subjectInsider Tradingen_US
dc.subjectMarket Efficiencyen_US
dc.titleWho are the market beaters: lucky investors, insiders or who else?en_US
dc.typearticleen_US
dc.departmentİHÜ, İnsan ve Toplum Bilimleri Fakültesi, İktisat Bölümüen_US
dc.authorid0000-0003-3305-7209en_US
dc.identifier.volume9en_US
dc.identifier.issue1en_US
dc.identifier.startpage87en_US
dc.identifier.endpage107en_US
dc.ihuauthorid0000-0003-3305-7209en_US
dc.relation.ihupublicationcategory118en_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.contributor.institutionauthorVarlı, Yusuf
dc.identifier.doi10.20409/berj.2018.95
dc.identifier.trdizinidTXpBMk56azRPQT09en_US


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