PETROL FİYATLARI VE BIST100 HİSSE SENEDİ GETİRİSİ İLİŞKİSİ

Öz

Bu çalışma, 1986: 01 - 2016: 02 döneminde petrol fiyatları ile BIST100 Endeksi hisse senedi getirileri arasındakiilişkinin incelenmesi amacı ile yapılmıştır. Çalışmada zaman serileri kullanılmıştır. Analizler sonucunda petrolfiyatları ile BIST100 hisse senedi getirileri arasında negatif ilişki olduğu tespit edilmiştir. Yani petrol fiyatlarıarttıkça, hisse senedi getirileri azalmaktadır. Ayrıca yapılan nedensellik analizi sonucunda hisse senedi getirisinden petrol fiyatlarına doğru tek yönlü nedensellik tespit edilirken, petrol fiyatlarından hisse senedi getirisinedoğru nedensellik tespit edilememiştir

Anahtar Kelimeler

• Petrol Fiyatları, BIST100 Hisse Senedi Getirisi, Eş-Bütünleşme

THE RELATIONSHIP BETWEEN OIL PRICES AND BIST100 STOCK RETURNS

Öz

This study was conducted with the aim of examining the relationship between oil prices and BIST100 Indexstock returns during 1986: 01 - 2016: 02 period. Time series were used in the study. As a result of the analyses,it was determined that there is a negative relationship between oil prices and BIST100 stock returns. That is, asoil prices increase, stock returns decrease. In addition, as a result of the causality analysis, causality from oilprices to stock returns was not determined while one-way causality from stock returns to oil prices was determined

Anahtar Kelimeler

• Oil Prices, BIST100 Stock Returns, Cointegration

Kaynakça

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