Socioeconomic Determinants of Stock Portfolio Holdings in Türkiye: A Regional-Level Analysis

Abstract

This study examines the socioeconomic factors affecting stock portfolio holdings at the regional level in Türkiye over the period 2008–2024 using panel data methods. The analysis incorporates average household size, the proportion of higher education graduates, the employment rate and per capita income as explanatory variables. The empirical findings reveal that stock portfolios exhibit significant disparities across regions. While per capita income and the share of higher education graduates act as supportive factors for stock portfolios, household size and the employment rate appear to exert constraining effects. Overall, the results indicate that stock portfolios are significantly influenced by regional socioeconomic structures and underscore the importance of region-sensitive financial policies.

Keywords

• Equity Portfolio
• Socioeconomic Determinants
• Regional Financial Behavior
• Financial Literacy

Türkiye’de Hisse Senedi Portföylerinin Sosyoekonomik Belirleyicileri: Bölgesel Düzeyde Bir Analiz

Abstract

Bu çalışma Türkiye’de 2008-2024 döneminde bölgesel düzeyde hisse senedi portföylerini etkileyen sosyoekonomik faktörleri panel veri yöntemiyle incelemektedir. Analizde ortalama hanehalkı büyüklüğü, yükseköğretim mezun oranı, istihdam oranı ve kişi başına gelir değişkenleri tercih edilmiştir. Ampirik sonuçlar, hisse senedi portföylerinin bölgeler arasında belirgin farklılıklar sergilediğini ortaya koymaktadır. Kişi başına gelir ve yükseköğretim mezun oranı hisse senedi portföyleri üzerinde destekleyici unsur olurken hanehalkı büyüklüğü ve istihdam oranın sınırlayıcı bir unsur olduğunu göstermektedir. Sonuçlar, hisse senedi portföylerinin bölgesel sosyoekonomik yapıdan belirgin biçimde etkilendiğini ve bölgeye duyarlı finansal politikaların önemini vurgulamaktadır.

Keywords

• Hisse Senedi Portföyü
• Sosyoekonomik Faktörler
• Bölgesel Finansal Davranış
• Finansal Okuryazarlık

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