@article{article_710113, title={Testing Nonlinear Effect of Volume on Price: Evidence from Textile Sector Stocks in BIST}, journal={Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi}, volume={10}, pages={673–689}, year={2020}, DOI={10.18074/ckuiibfd.710113}, url={https://izlik.org/JA42TW73XB}, author={Bozma, Gürkan and Başar, Selim}, keywords={Hisse senedi,NARDL,Hacim,Fiyat}, abstract={In this paper examines the nonlinear relationship between volume and price for Textile sector stocks trading in BIST over period 2011-2016 using daily data. We use Nonlinear Autoregressive Distributed Lags (NARDL) model to test asymmetric impact of volume on price. The result from bound test indicates that null of cointegration hypothesis rejects for Ateks, Bossa and Mndrs stocks. We find significant long-run asymmetric effect of volume on price for Ateks while not for other stocks. It is also found that volume affects price asymmetrically in the short-run for Ateks, Bossa and Mndrs.}, number={2}