Determinants of market efficiency: evidence from Borsa Istanbul
dc.contributor.author
Varlı, Yusuf
dc.contributor.author
Şahin, Ebubekir Sıddık
dc.date.accessioned
2019-06-25T08:04:15Z
dc.date.available
2019-06-25T08:04:15Z
dc.date.issued
2018
dc.identifier.citation
Varlı, 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
en_US
dc.identifier.uri
https://hdl.handle.net/20.500.12154/781
dc.description.abstract
Following 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
en_US
dc.language.iso
eng
en_US
dc.publisher
T.C. Merkez Bankası
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dc.relation.ispartof
ICOAEF’18 IV. International Conference on Applied Economics and Finance, 28-30 November 2018
en_US
dc.rights
info:eu-repo/semantics/closedAccess
en_US
dc.subject
Stock Market Efficiency
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dc.subject
Borsa Istanbul
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dc.subject
Determinants of Efficiency
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dc.subject
Adjusted Return
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dc.title
Determinants of market efficiency: evidence from Borsa Istanbul
en_US
dc.type
conferenceObject
en_US
dc.department
İHÜ, İnsan ve Toplum Bilimleri Fakültesi, İktisat Bölümü
en_US
dc.authorid
0000-0003-3305-7209
en_US
dc.ihuauthorid
0000-0003-3305-7209
en_US
dc.relation.ihupublicationcategory
130
en_US
dc.relation.publicationcategory
Konferans Öğesi - Uluslararası - Kurum Öğretim Elemanı