TY  - JOUR
T1  - TURİZM İŞLETMELERİNDE İÇERİDEN ÖĞRENENLERİN İŞLEMLERİ: NEW YORK BORSASI ÖRNEĞİ
TT  - THE INSIDERS’ TRADES IN TOURISM COMPANIES: EVIDENCE FROM NEW YORK STOCK EXCHANGE
AU  - Acar, Ayşegül
AU  - Esen, M. Fevzi
AU  - Kocabaş, Eda
PY  - 2019
DA  - September
DO  - 10.16953/deusosbil.490985
JF  - Dokuz Eylül Üniversitesi Sosyal Bilimler Enstitüsü Dergisi
JO  - DEU Journal of GSSS
PB  - Dokuz Eylül Üniversitesi
WT  - DergiPark
SN  - 1308-0911
SP  - 943
EP  - 958
VL  - 21
IS  - 3
LA  - tr
AB  - Finansal piyasalarda yatırımcıların güvenini sarsan vepiyasa işleyişini değiştiren içeriden öğrenenler ticareti, son yıllarda beyazyakalıların karıştığı ve en çok artış gösteren finansal suçların başındagelmektedir. Bu çalışmada, turizm literatüründe içeriden öğrenenler ticaretiilk defa ele alınmış olup; turizm alt endüstrilerinde faaliyet gösteren veborsaya kote olmuş işletmelerin yönetici ve çalışanlarına ilişkin hisse senedialım ve satım işlemleri betimsel olarak incelenmiştir. Bu kapsamda, Ocak 2008ile Aralık 2016 arasında New York borsasına (NYSE) kote olmuş konaklama,seyahat, rekreasyon ve yiyecek- içecek alanında faaliyet gösteren toplam 227işletmede, 1891 içeriden öğrenen tarafından gerçekleştirilen 35.205 adet hissesenedi alım ve satım işlemi tanımsal olarak değerlendirilmiştir. Çalışmasonucunda, turizm işletmelerindeki içeriden öğrenenlerin yüksek hacimliişlemler gerçekleştirdikleri, NYSE yıllık getirisinin en yüksek olduğu yılıtakip eden 2014 yılında içeriden öğrenenlerin toplam işlem sayısının en yüksekseviyeye ulaştığı; en yüksek miktarda ve hacimde gerçekleştirenlerin konaklamaişletmelerindeki içeriden öğrenenler olduğu tespit edilmiştir. Ayrıca, çeşitliyönetici sınıflarında içeriden öğrenenlerin işlem özelliklerinin farklılaştığısonucuna ulaşılmıştır.
KW  - İçeriden Öğrenenler Ticareti
KW  - Finansal Piyasalar
KW  - Turizm İşletmeleri
KW  - Finansal Suçlar
N2  - Insider trading, that harms trust in financial markets andchanges the market mechanisms, is one of the most committed financial crimes bythe white collars in recent years. In this paper, insider trading has beenstudied for the first time in tourism literature. Stock purchases and selltransactions of the directors and managers as well as personnel who works in tourismcompanies listed on New York Stock Exchange (NYSE) were descriptively studied. Withinthis framework, 32.205 purchases and sales by 1891 insiders who work at 227tourism companies (containing accommodation, travel, recreation, food andbeverage sectors listed on NYSE, spanning January 2008 – December 2016. As aresult, insiders trade high volume of stocks and total number of transactions wasat the highest level in the period following the year 2014 which has thehighest average annual return in NYSE and the highest number and volume ofshares were traded by the insiders in accommodation companies. The characteristicsof the insiders’ trades also differ among various managerial positions.
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UR  - https://doi.org/10.16953/deusosbil.490985
L1  - https://dergipark.org.tr/tr/download/article-file/811254
ER  -