EN
TR
THE INTEGRATION OF THE ISTANBUL STOCK EXCHANGE (ISE) TO THE EUROPEAN UNION COUNTRIES STOCK MARKETS
Abstract
The aim of this study is to investigate whether the Turkish stock market is integrated or not with the European Union (EU) countries stock markets as a potential candidate for entering the EU. We use Engle-Granger co-integration test to investigate long-run co-integration relations between the Turkish stock market and the EU stock markets. We found long-run co-movements for all the markets indicating limited benefits for portfolio diversification for the EU investors in the Turkish stock market. Also, using a dummy variable, we examine whether integration between the markets increased or decreased during the post-Customs Union (CU) period. The results show increasing co-integration only with the Austrian market among the developed markets of the EU countries and with the Eastern European (EE) markets except Hungary, integration with all the other markets decreased after the passage to the CU.
Keywords
Details
Primary Language
Turkish
Subjects
-
Journal Section
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Publication Date
June 1, 2006
Submission Date
June 14, 2014
Acceptance Date
-
Published in Issue
Year 2006 Volume: 7 Number: 2
APA
Mandacı, P. E., & Vanchikova, D. (2006). THE INTEGRATION OF THE ISTANBUL STOCK EXCHANGE (ISE) TO THE EUROPEAN UNION COUNTRIES STOCK MARKETS. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi, 7(2). https://izlik.org/JA46MH52XZ
AMA
1.Mandacı PE, Vanchikova D. THE INTEGRATION OF THE ISTANBUL STOCK EXCHANGE (ISE) TO THE EUROPEAN UNION COUNTRIES STOCK MARKETS. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi. 2006;7(2). https://izlik.org/JA46MH52XZ
Chicago
Mandacı, Pınar Evrim, and Dezhid Vanchikova. 2006. “THE INTEGRATION OF THE ISTANBUL STOCK EXCHANGE (ISE) TO THE EUROPEAN UNION COUNTRIES STOCK MARKETS”. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi 7 (2). https://izlik.org/JA46MH52XZ.
EndNote
Mandacı PE, Vanchikova D (June 1, 2006) THE INTEGRATION OF THE ISTANBUL STOCK EXCHANGE (ISE) TO THE EUROPEAN UNION COUNTRIES STOCK MARKETS. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi 7 2
IEEE
[1]P. E. Mandacı and D. Vanchikova, “THE INTEGRATION OF THE ISTANBUL STOCK EXCHANGE (ISE) TO THE EUROPEAN UNION COUNTRIES STOCK MARKETS”, Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi, vol. 7, no. 2, June 2006, [Online]. Available: https://izlik.org/JA46MH52XZ
ISNAD
Mandacı, Pınar Evrim - Vanchikova, Dezhid. “THE INTEGRATION OF THE ISTANBUL STOCK EXCHANGE (ISE) TO THE EUROPEAN UNION COUNTRIES STOCK MARKETS”. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi 7/2 (June 1, 2006). https://izlik.org/JA46MH52XZ.
JAMA
1.Mandacı PE, Vanchikova D. THE INTEGRATION OF THE ISTANBUL STOCK EXCHANGE (ISE) TO THE EUROPEAN UNION COUNTRIES STOCK MARKETS. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi. 2006;7. Available at https://izlik.org/JA46MH52XZ.
MLA
Mandacı, Pınar Evrim, and Dezhid Vanchikova. “THE INTEGRATION OF THE ISTANBUL STOCK EXCHANGE (ISE) TO THE EUROPEAN UNION COUNTRIES STOCK MARKETS”. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi, vol. 7, no. 2, June 2006, https://izlik.org/JA46MH52XZ.
Vancouver
1.Pınar Evrim Mandacı, Dezhid Vanchikova. THE INTEGRATION OF THE ISTANBUL STOCK EXCHANGE (ISE) TO THE EUROPEAN UNION COUNTRIES STOCK MARKETS. Dokuz Eylül Üniversitesi İşletme Fakültesi Dergisi [Internet]. 2006 Jun. 1;7(2). Available from: https://izlik.org/JA46MH52XZ