An empirical investigation of the determinants of market efficiency in 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.accessioned2021-01-21T09:20:46Z
dc.date.available2021-01-21T09:20:46Z
dc.date.issued2021
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 main 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 belonging to both individual and institutional investors. We here aim to specify the ten determinants of market efficiency which are categorized under investor-based, market-based and country-based determinants. According to the three different regressions and VAR analysis, the results indicate the strong relationship between the market efficiency and the specified determinants such as turnover, market volatility, the share of foreign investors and interest rate.
dc.identifier.citationVarlı Y. ve Şahin E.S. (2021). An empirical investigation of the determinants of market efficiency in Borsa Istanbul. Çalıyurt, K.T. (Ed.) Ethics and Sustainability in Accounting and Finance, Volume II. Singapore: Springer.
dc.identifier.doi10.1007/978-981-15-1928-4_3
dc.identifier.endpage62
dc.identifier.isbn9789811519277
dc.identifier.isbn9789811519284
dc.identifier.startpage39
dc.identifier.urihttps://doi.org/10.1007/978-981-15-1928-4_3
dc.identifier.urihttps://hdl.handle.net/20.500.12154/1317
dc.identifier.volume2
dc.institutionauthorVarlı, Yusuf
dc.institutionauthorŞahin, Ebubekir Sıddık
dc.institutionauthorid0000-0003-3305-7209
dc.language.isoen
dc.publisherSpringer
dc.relation.ihupublicationcategory124
dc.relation.ispartofEthics and Sustainability in Accounting and Finance, Volume II
dc.relation.publicationcategoryKitap Bölümü - Uluslararası
dc.relation.publicationcategoryÖğrenci
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectMarket Efficiency
dc.subjectBorsa Istanbul
dc.subjectIndividual Investors
dc.subjectInstitutional Investors
dc.titleAn empirical investigation of the determinants of market efficiency in Borsa Istanbul
dc.typeBook Chapter
dspace.entity.typePublication
relation.isAuthorOfPublicationd17361da-7d88-4d33-af55-e3d83fe37bbc
relation.isAuthorOfPublication.latestForDiscoveryd17361da-7d88-4d33-af55-e3d83fe37bbc
relation.isOrgUnitOfPublication9d1809d1-3541-41aa-94ed-639736b7e16f
relation.isOrgUnitOfPublication.latestForDiscovery9d1809d1-3541-41aa-94ed-639736b7e16f

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