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Avrupa Birliği Kararlarının IKBM'deki Hisse Senetlerinin Getiri Oranları

Year 2006, , 1 - 16, 01.02.2006
https://doi.org/10.1501/SBFder_0000001337

Abstract

References

  • AGGARWAL, Rajl RAO, Ramesh/ HlRAKI, Takato (1989) "Skewness and Kurtosis in Japanese Equity Returns: Empirical Evidenee," Journalaf Finandal Research (Cilt:12): 253-260.
  • AHARONY, Joseph/ SWARY, Itzhak (1980), "Quarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis," Journalaf Finance (Cilt: 35 Sayı:1):1- 12.
  • ANTONIOU, Antonisı ERGUL, Nurayı HOLMES, Phil (1997), "Market Efficiency, Thin Trading and Non-Linear Behaviour: Evidence from an Emerging Market," European Finandal Management (Cilt:3 Sayı:2): 175-190.
  • AYDOGAN, Kürşatl MURADOGLU, Gülnur (1998), "Do Markets Learn From Experience? Price Reactions to Stock Dividends in the Turkish Market," Applied Finandal Economies (Cilt: 8): 41.60.
  • AYDOGAN, Kürşatl MURADOGLU, Gülnur (2003), "Trends in Market Reactions: Stock Dividends and Rights Offerings at Istanbul Stock Exchange," The European Journalaf Finance (Cilt:9): 41-60.
  • BALABAN, Ercan (1995a), "Some Empirics of the Turkish Stock Market," Discussion Paper of The Central Bank of the Republic of Turkey, 1-27.
  • BALABAN, Ercan (1995b), "Day of the Week Effects: New Evidence from an Emerging Stock Market," Applied Economies Letters (Cilt:2): 139.143.
  • BATCHELOR, Roy/ORAKÇIOGLU ismail (2003), "Event-Related GARCH: The Impact of Stock Dividends in Turkey," Applied Finandal Economies (Cilt:13): 295.307.
  • CHEN, Nai-Fu (1991), "Financial Investment Opportunities and the Macroeconomy," Journalaf Finance (Cilt: 46): 529.554.
  • DEMiRER, Rızal KARAN, Baha (2002), "An Investigation of the Day-of-the-Week-Effect on Stock Returns in Turkey," Emerging Markets Finance and Trade, (Cilt: 38, Sıra: 6):47-77.
  • Dış Ticaret Müsteşarlığı AB Genel Müdürlüğü (2003), "Türkiye-Avrupa Birliği (AB) ilişkilerindeki Gelişmeler AB ile Dış Ticaretimiz," Dış Ticaret Dergisi, Özel Sayı: 11-43.
  • DUTZ, MarkıUS, Melek/YILMAZ, Kamil (2003), "Turkey's Foreign Direct Investment Challenges: Competition, The Rule of Law, and EU Accesion, " Working Paper, 1-29.
  • GRINBLATT, Mark/ MASULIS, Ronald/ TITMAN Sheridan, (1984), "The Valuation Effects of Stock Splits and Stock Dividends," Journalaf Finandal Economies (December):461-490.
  • HUANG, Bwo-Nung/ YANG, ChinoWei, (2000), "The Impact of Financial Liberalization on Stock Price Volatility in Emerging Markets," Journalaf Comparatiye Economies (Cilt: 28): 321-339.
  • KIYMAZ, Halill KILIÇ, Osman (2000), "Asya Krizinin Finansal Kuruluşlar Üzerindeki Etkileri: iMKB Deneyimi," IMKB Dergisi (Cilt: 4, Sayı:13):1-16.
  • KIYMAZ, Halil (2002), "The Stock Market Rumours and Stock Prices: A Test of Price Pressure and Size Effect in an Emerging Market," Applied Financial Economics (Cilt:12): 469-474.
  • KUTAN, Ali/ AKSOY, Tansu (2003), upublic Informa.tion Arrival and the Fisher in Emerging Markets: Evidence from Stock and Bond Markets in Turkey," Journal of Financial Services Research (Cilt: 23 Sayı:3): 225-239.
  • KÜÇÜKÇOLAK, Ali (1999), "Russian Crisis: The Impact on the ISE," ISE Review (Cilt:3 Sayı:10):33- 52.
  • LEJOUR, Arjan/ MOOIJ, Ruud (2005), "Turkish Delight: Does Turkey's Accession to the EU Bring Economic Benefits?," Kyklos (Cilt:58, Sayı:1): 87.120.
  • ODABAŞı, Attila/ AKSU, Celal/ AKGiRAY Vedat (2004), "The Statistical Evolution of Prices on the Istanbul Stock Exchange," The European Journal of Finance (Cilt:10):510.525.
  • PEIRO, Amado (1994), "Distribution of Stock Returns: International Evidenee," Applied Financial Economics (Cilt:4): 431-439.
  • ÖZER, Bengi/ YAMAK, Sibel (1992), "The Impact of Gulf Crisis on Risk-Return Relationship and Volatility of Stocks in Istanbul Stock Exchange," Middle East Technical University Studies in Development (Cilt:19 Sayı:2): 209-223.
  • YÜCE, Ayşe (1997), "The Effect of Turkish Liberalization Measures on Stock Prices," ISE Review (Cilt: 1 Sayı:4 ): 1-13.
  • YÜKSEL, Aydın (2002), "The Performance of the Istanbul Stock Exchange during the Russian Crisis," Emerging Markets Finance and Trade (Cilt:38 Sayı:6): 78-99.
  • Hürriyet Gazetesi (http://www.hürriteyim.com.tr)
  • iktisadı Kalkınma Vakfı (http://www.ikv.gov.tr)
  • Milliyet Gazetesi (http://www.milliyet.com.tr)
  • T.C. Dış işleri Bakanlığı(http://www.mfa.gov.tr)

AVRUPA BİRLİĞİ KARARLARININ İMKB'DEKİ HİSSE SENETLERİNİN GETİRİ ORANLARI

Year 2006, , 1 - 16, 01.02.2006
https://doi.org/10.1501/SBFder_0000001337

Abstract

Türkiye'nin Avrupa Birliği ile ilişkileri özellikle Gümrük Birliği Anlaşması'ndan sonra yoğunluk kazanmıştır. 1990'lı yılların ikinci yansından günümüze kadar geçen zamanda Türkiye ile ilgili çok sayıda Avrupa Komisyonu tavsiyesi ve Avrupa Konseyi ve Parlamentosu karan alınmıştır. Bu çalışma hisse senetleri piyasasının etkin olduğu varsayımından yola çıkarak Ocak 1997-Aralık 2002 döneminde Avrupa Birliği'nde Türkiye ile ilgili açıklanan tavsiye ve kararların İstanbul Menkul Kıymetler Borsası'nda işlem gören hisse senetlerinin getiri oranlan üzerindeki etkilerini test etmektedir. Analizde ülke gündeminde hisse senedi getiri oranlarını etkileyebilecek başka bir olayın olmadığı günlerde alınan kararlar tespit edilip, çıkarımlar yapılırken bu kararlara verilen tepkiler baz alınmıştır. Test sonuçlan Avrupa Birliği’nde Türkiye ile ilgili alınan kararlara beklenilen doğrultuda anlamlı tepkiler verildiği hipotezine sınırlı destek vermektedir. Bu tepkilerde genellikle sektöre bağlı bir farklılık tespit edilememiştir.

References

  • AGGARWAL, Rajl RAO, Ramesh/ HlRAKI, Takato (1989) "Skewness and Kurtosis in Japanese Equity Returns: Empirical Evidenee," Journalaf Finandal Research (Cilt:12): 253-260.
  • AHARONY, Joseph/ SWARY, Itzhak (1980), "Quarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis," Journalaf Finance (Cilt: 35 Sayı:1):1- 12.
  • ANTONIOU, Antonisı ERGUL, Nurayı HOLMES, Phil (1997), "Market Efficiency, Thin Trading and Non-Linear Behaviour: Evidence from an Emerging Market," European Finandal Management (Cilt:3 Sayı:2): 175-190.
  • AYDOGAN, Kürşatl MURADOGLU, Gülnur (1998), "Do Markets Learn From Experience? Price Reactions to Stock Dividends in the Turkish Market," Applied Finandal Economies (Cilt: 8): 41.60.
  • AYDOGAN, Kürşatl MURADOGLU, Gülnur (2003), "Trends in Market Reactions: Stock Dividends and Rights Offerings at Istanbul Stock Exchange," The European Journalaf Finance (Cilt:9): 41-60.
  • BALABAN, Ercan (1995a), "Some Empirics of the Turkish Stock Market," Discussion Paper of The Central Bank of the Republic of Turkey, 1-27.
  • BALABAN, Ercan (1995b), "Day of the Week Effects: New Evidence from an Emerging Stock Market," Applied Economies Letters (Cilt:2): 139.143.
  • BATCHELOR, Roy/ORAKÇIOGLU ismail (2003), "Event-Related GARCH: The Impact of Stock Dividends in Turkey," Applied Finandal Economies (Cilt:13): 295.307.
  • CHEN, Nai-Fu (1991), "Financial Investment Opportunities and the Macroeconomy," Journalaf Finance (Cilt: 46): 529.554.
  • DEMiRER, Rızal KARAN, Baha (2002), "An Investigation of the Day-of-the-Week-Effect on Stock Returns in Turkey," Emerging Markets Finance and Trade, (Cilt: 38, Sıra: 6):47-77.
  • Dış Ticaret Müsteşarlığı AB Genel Müdürlüğü (2003), "Türkiye-Avrupa Birliği (AB) ilişkilerindeki Gelişmeler AB ile Dış Ticaretimiz," Dış Ticaret Dergisi, Özel Sayı: 11-43.
  • DUTZ, MarkıUS, Melek/YILMAZ, Kamil (2003), "Turkey's Foreign Direct Investment Challenges: Competition, The Rule of Law, and EU Accesion, " Working Paper, 1-29.
  • GRINBLATT, Mark/ MASULIS, Ronald/ TITMAN Sheridan, (1984), "The Valuation Effects of Stock Splits and Stock Dividends," Journalaf Finandal Economies (December):461-490.
  • HUANG, Bwo-Nung/ YANG, ChinoWei, (2000), "The Impact of Financial Liberalization on Stock Price Volatility in Emerging Markets," Journalaf Comparatiye Economies (Cilt: 28): 321-339.
  • KIYMAZ, Halill KILIÇ, Osman (2000), "Asya Krizinin Finansal Kuruluşlar Üzerindeki Etkileri: iMKB Deneyimi," IMKB Dergisi (Cilt: 4, Sayı:13):1-16.
  • KIYMAZ, Halil (2002), "The Stock Market Rumours and Stock Prices: A Test of Price Pressure and Size Effect in an Emerging Market," Applied Financial Economics (Cilt:12): 469-474.
  • KUTAN, Ali/ AKSOY, Tansu (2003), upublic Informa.tion Arrival and the Fisher in Emerging Markets: Evidence from Stock and Bond Markets in Turkey," Journal of Financial Services Research (Cilt: 23 Sayı:3): 225-239.
  • KÜÇÜKÇOLAK, Ali (1999), "Russian Crisis: The Impact on the ISE," ISE Review (Cilt:3 Sayı:10):33- 52.
  • LEJOUR, Arjan/ MOOIJ, Ruud (2005), "Turkish Delight: Does Turkey's Accession to the EU Bring Economic Benefits?," Kyklos (Cilt:58, Sayı:1): 87.120.
  • ODABAŞı, Attila/ AKSU, Celal/ AKGiRAY Vedat (2004), "The Statistical Evolution of Prices on the Istanbul Stock Exchange," The European Journal of Finance (Cilt:10):510.525.
  • PEIRO, Amado (1994), "Distribution of Stock Returns: International Evidenee," Applied Financial Economics (Cilt:4): 431-439.
  • ÖZER, Bengi/ YAMAK, Sibel (1992), "The Impact of Gulf Crisis on Risk-Return Relationship and Volatility of Stocks in Istanbul Stock Exchange," Middle East Technical University Studies in Development (Cilt:19 Sayı:2): 209-223.
  • YÜCE, Ayşe (1997), "The Effect of Turkish Liberalization Measures on Stock Prices," ISE Review (Cilt: 1 Sayı:4 ): 1-13.
  • YÜKSEL, Aydın (2002), "The Performance of the Istanbul Stock Exchange during the Russian Crisis," Emerging Markets Finance and Trade (Cilt:38 Sayı:6): 78-99.
  • Hürriyet Gazetesi (http://www.hürriteyim.com.tr)
  • iktisadı Kalkınma Vakfı (http://www.ikv.gov.tr)
  • Milliyet Gazetesi (http://www.milliyet.com.tr)
  • T.C. Dış işleri Bakanlığı(http://www.mfa.gov.tr)
There are 28 citations in total.

Details

Primary Language Turkish
Journal Section Research Articles
Authors

Akmut Özdemir This is me

Özdemir Akmut This is me

Aslı Yüksel This is me

Aydın Yüksel This is me

Publication Date February 1, 2006
Submission Date July 31, 2014
Published in Issue Year 2006

Cite

APA Özdemir, A., Akmut, Ö., Yüksel, A., Yüksel, A. (2006). AVRUPA BİRLİĞİ KARARLARININ İMKB’DEKİ HİSSE SENETLERİNİN GETİRİ ORANLARI. Ankara Üniversitesi SBF Dergisi, 61(02), 1-16. https://doi.org/10.1501/SBFder_0000001337
AMA Özdemir A, Akmut Ö, Yüksel A, Yüksel A. AVRUPA BİRLİĞİ KARARLARININ İMKB’DEKİ HİSSE SENETLERİNİN GETİRİ ORANLARI. SBF Dergisi. February 2006;61(02):1-16. doi:10.1501/SBFder_0000001337
Chicago Özdemir, Akmut, Özdemir Akmut, Aslı Yüksel, and Aydın Yüksel. “AVRUPA BİRLİĞİ KARARLARININ İMKB’DEKİ HİSSE SENETLERİNİN GETİRİ ORANLARI”. Ankara Üniversitesi SBF Dergisi 61, no. 02 (February 2006): 1-16. https://doi.org/10.1501/SBFder_0000001337.
EndNote Özdemir A, Akmut Ö, Yüksel A, Yüksel A (February 1, 2006) AVRUPA BİRLİĞİ KARARLARININ İMKB’DEKİ HİSSE SENETLERİNİN GETİRİ ORANLARI. Ankara Üniversitesi SBF Dergisi 61 02 1–16.
IEEE A. Özdemir, Ö. Akmut, A. Yüksel, and A. Yüksel, “AVRUPA BİRLİĞİ KARARLARININ İMKB’DEKİ HİSSE SENETLERİNİN GETİRİ ORANLARI”, SBF Dergisi, vol. 61, no. 02, pp. 1–16, 2006, doi: 10.1501/SBFder_0000001337.
ISNAD Özdemir, Akmut et al. “AVRUPA BİRLİĞİ KARARLARININ İMKB’DEKİ HİSSE SENETLERİNİN GETİRİ ORANLARI”. Ankara Üniversitesi SBF Dergisi 61/02 (February 2006), 1-16. https://doi.org/10.1501/SBFder_0000001337.
JAMA Özdemir A, Akmut Ö, Yüksel A, Yüksel A. AVRUPA BİRLİĞİ KARARLARININ İMKB’DEKİ HİSSE SENETLERİNİN GETİRİ ORANLARI. SBF Dergisi. 2006;61:1–16.
MLA Özdemir, Akmut et al. “AVRUPA BİRLİĞİ KARARLARININ İMKB’DEKİ HİSSE SENETLERİNİN GETİRİ ORANLARI”. Ankara Üniversitesi SBF Dergisi, vol. 61, no. 02, 2006, pp. 1-16, doi:10.1501/SBFder_0000001337.
Vancouver Özdemir A, Akmut Ö, Yüksel A, Yüksel A. AVRUPA BİRLİĞİ KARARLARININ İMKB’DEKİ HİSSE SENETLERİNİN GETİRİ ORANLARI. SBF Dergisi. 2006;61(02):1-16.