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- Title
FİNANSAL GÖSTERGELERDEKİ DEĞİŞİMİN BIST100 TRENDLERİNE ETKİLERİ.
- Authors
ÇETİNER, Müge; SEVER, Emine
- Abstract
The purpose of this study is to determine whether economic factors in Turkey are related to stock prices or not. In addition to determining this relationship, it is also aimed to determine whether the relationship is mutual or not. In this study, Granger Causality Test and monthly data covering 2007: 01-2018: 11 period are used. As dependent variable BIST100 index is used which represents stock prices, on the other hand, as independent variable gold prices, USD rate, EURO rate, interest rate, export figures, unemployment rate, capacity utilization rate, crude oil prices, industrial production rate, consumer confidence rate and consumer price index are used. Results of Granger causality tests indicated that only interest rate has an interaction. In addition to this, it can be said that, considering the BIST100 index, taking into consideration the past values of interest rate, USD rate and consumer confidence rate will give better results than not taking.
- Subjects
TURKEY; CONSUMER price indexes; GRANGER causality test; CONSUMER confidence; PETROLEUM sales &; prices; INTEREST rates
- Publication
Financial Analysis / Mali Cozum Dergisi, 2019, Vol 29, Issue 154, p13
- ISSN
1303-5444
- Publication type
Article