Kurumsal Kalitenin ve Makroekonomik Göstergelerin Finansal Piyasalara Etkisi: Gelişmekte Olan Piyasalar Üzerine Bir Araştırma

Year 2021, , 147 - 173, 10.08.2021

Esra Karpuz , Nasıf Özkan

https://doi.org/10.46520/bddkdergisi.986671

Cited By: 2

Abstract

Bu çalışma, 2002-2017 yılları arasında Morgan Stanley Capital International Gelişmekte Olan Piyasalar Endeksi’nde (MSCIEF) yer alan borsaların gelişimini etkileyen kurumsal
ve makroekonomik faktörleri saptamayı amaçlamaktadır. Bu bağlamda çalışmada, 25 gelişmekte olan piyasanın verileri panel veri modelleriyle analiz edilmektedir. Elde
edilen bulgulara göre, kurumsal kalite değişkenlerinden politik istikrar ve şiddetsizlik ile ifade özgürlüğü ve hesap verilebilirlik değişkenlerinin, pay piyasalarının gelişimi üzerindeki
etkisi pozitiftir. Benzer şekilde, makroekonomik değişkenlerden gayrisafi yurtiçi hasıla (GSYH) yıllık büyüme oranı, özel sektöre verilen yurtiçi krediler ve yurtiçi tasarruflar da
pay piyasalarının gelişimini pozitif etkilemektedir.

Keywords

Borsalar, Finansal gelişme,, Gelişmekte olan ülkeler

The Effect of Institutional Quality and Macroeconomic Indicators on Financial Markets: A Research on the Emerging Markets

Abstract

Keywords

Borsalar, Finansal gelişme

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