SERMAYE PİYASALARI VE MAKROEKONOMİK GÖRÜNÜM: İHRACATÇI ŞİRKETLER ÜZERİNE BİR ANALİZ

Emrullah Gün; Ebru Yüksel Haliloğlu

doi:10.14784/marufacd.976568

SERMAYE PİYASALARI VE MAKROEKONOMİK GÖRÜNÜM: İHRACATÇI ŞİRKETLER ÜZERİNE BİR ANALİZ

Öz

Bu çalışmada ihracatçı şirketlerin hisse senedi fiyat performanslarını yansıtan TİM İhracat Endeksi’nin (TIMEX) makroekonomik değişkenler ile olan ilişkisi araştırılmıştır. 2013:2-2019:1 arasındaki dönemi kapsayan ve aylık bazda veriler kullanılarak yapılan çalışmada, TIMEX ile faiz oranı, enflasyon, döviz kuru, sanayi üretimi ve ihracat miktarı arasındaki uzun dönemli ilişki incelenmiştir. ARDL (Autoregressive Distributed Lag) sınır testi yöntemiyle yapılan eşbütünleşme testine göre TIMEX ile ihracat miktarı, faiz oranı, ABD Doları/TL döviz kuru ve sanayi üretim endeksi arasında uzun dönemli ilişki tespit edilmiştir. Uzun vadeli dengede meydana gelen sapmaların %48’inin bir dönemlik süre içerisinde düzeldiği, modelin hızlı bir uyarlama sürecine sahip olduğu sonucuna ulaşılmıştır. Ayrıca, TIMEX’ten sanayi üretim endeksine doğru tek yönlü Granger nedensellik tespit edilmiştir. Buna göre TIMEX’in sanayi üretiminin öncü göstergesi olarak izlenebileceği değerlendirilmektedir.

Anahtar Kelimeler

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Details

Primary Language

Turkish

Subjects

-

Journal Section

Research Article

Authors

Emrullah Gün This is me
Türkiye

Ebru Yüksel Haliloğlu
Türkiye

Publication Date

July 31, 2021

Submission Date

October 1, 2020

Acceptance Date

April 19, 2021

Published in Issue

Year 2021 Volume: 13 Number: 25

DOI

https://doi.org/10.14784/marufacd.976568

IZ

https://izlik.org/JA98RD59XA

Cite

RIS / Bibtex

APA

Gün, E., & Yüksel Haliloğlu, E. (2021). SERMAYE PİYASALARI VE MAKROEKONOMİK GÖRÜNÜM: İHRACATÇI ŞİRKETLER ÜZERİNE BİR ANALİZ. Finansal Araştırmalar Ve Çalışmalar Dergisi, 13(25), 457-473. https://doi.org/10.14784/marufacd.976568