SPATIAL ECONOMETRIC ANALYSIS OF GENDER DIFFERENCES IN STOCK MARKET PARTICIPATION: EVIDENCE FROM TURKEY

Öz

This study employs spatial econometric analysis to investigate gender differences in stock market participation across Turkey, using data from 2011 to 2022. Leveraging province-based and gender-disaggregated data from the Central Registry Agency, we explore whether significant gender-based disparities exist among equity security investors in Turkish securities markets and whether these differences exhibit spatial correlations across 81 provinces. Initial findings suggest that while overall participation in financial markets has risen, substantial gender gaps persist, potentially influenced by socioeconomic, cultural, and educational factors. The research contributes to the broader understanding of gender inequality in financial inclusion and proposes implications for policy interventions to reduce gender disparities in economic participation.

Anahtar Kelimeler

• Spatial Analysis
• Gender Equity
• Stock Markets

HİSSE SENEDİ PİYASASI KATILIMINDA CİNSİYET FARKLILIKLARININ MEKÂNSAL EKONOMETRİK ANALİZİ: TÜRKİYE'DEN KANITLAR

Öz

Bu çalışmada, 2011-2022 yıllarını kapsayan veriler kullanılarak, Türkiye genelinde hisse senedi piyasasına katılımda cinsiyet farklılıklarını araştırmak için mekânsal ekonometrik analiz kullanılmıştır. Merkezi Kayıt Kuruluşu'nun il bazlı ve cinsiyete göre ayrıştırılmış verilerinden yararlanarak, Türk menkul kıymet piyasalarında hisse senedi yatırımcıları arasında cinsiyete dayalı önemli farklılıklar olup olmadığını ve bu farklılıkların ülkenin 81 ilinde mekânsal korelasyonlar sergileyip sergilemediğini araştırıyoruz. İlk bulgular, finansal piyasalara genel katılım artarken, potansiyel olarak sosyo-ekonomik, kültürel ve eğitim faktörlerinden etkilenen önemli cinsiyet farklılıklarının devam ettiğini göstermektedir. Araştırma, finansal katılımda cinsiyet eşitsizliğinin daha geniş bir şekilde anlaşılmasına katkıda bulunmakta ve ekonomik katılımda cinsiyet eşitsizliklerini azaltmayı amaçlayan politika müdahaleleri için çıkarımlar önermektedir.

Anahtar Kelimeler

• Mekansal Ekonometri
• Cinsiyet Eşitliği
• Menkul Kıymet Piyasaları

Kaynakça

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