TY  - JOUR
TT  - TESTING OF BIST AND TURKDEX: RANDOM WALK AND MARKET EFFICIENCY
AU  - Daver, Gizay
AU  - Karacaer, Merve
AU  - Ünlü, Hülya
PY  - 2013
DA  - December
JF  - International Journal of Economics and Finance Studies
JO  - IJEFS
PB  - Sosyal Bilimler Araştırmaları Derneği
WT  - DergiPark
SN  - 1309-8055
SP  - 10
EP  - 22
VL  - 5
IS  - 2
KW  - Efficient Markets
KW  - Random Walk
KW  - Borsa İstanbul
KW  - ISE
KW  - TurkDEX
KW  - runs test
N2  - We implemented several parametric and non-parametric tests to investigate random walk hypothesis and market efficiency theorem for Turkey’s two main markets, Turkish Derivatives Exchange and Borsa İstanbul(new name for İstanbul Stock Exchange). 12/02/2007 – 08/02/2013 period is our testing period and we used daily log returns. According to our findings in the very short term null hypothesis of random walk is accepted.
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UR  - https://dergipark.org.tr/en/pub/ijefs/issue//275565
L1  - https://dergipark.org.tr/en/download/article-file/256768
ER  -