We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
YATIRIMCI DUYARLILIĞININ PAY PİYASASI YATIRIMLARINA ETKİSİ: BORSA İSTANBUL'DAN KANITLAR.
- Authors
YURTOĞLU, Yasemin; SÜSAY, Aynur
- Abstract
This study aims to investigate the effect of investor sentiment on equity market investments for the period 2007:01-2022:06. The study includes the total portfolio values of foreign and national investors investing in the Borsa Istanbul Equity Market. Investor sentiment can be measured in a variety of ways. This study used survey-based criteria as one of those. Therefore, the data set of the study consists of "total portfolio values of investors", "Consumer Confidence Index", "Michigan Consumer Confidence Index", "Economic Confidence Index" and "CBOE Volatility Index". In the study, Toda Yamamoto's (1995) causality test is used. According to the study, the Economic Confidence Index and investors' portfolio values have a bidirectional causal relationship. There is also a one-way causal relationship between the Michigan Consumer Confidence Index and investors' portfolio values. Finally, it is concluded that there is a one-way causal relationship between investors' portfolio values and the Consumer Confidence Index.
- Publication
Omer Halisdemir Universitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi, 2023, Vol 16, Issue 3, p881
- ISSN
2564-6931
- Publication type
Article
- DOI
10.25287/ohuiibf.1291847