Impact of Oil Prices on BIST City Indices: Regional Differences in Company Performance

Emre Bulut

doi:10.16951/trendbusecon.1443242

TR EN

Petrol Fiyatlarının BIST Şehir Endeksleri Üzerindeki Etkisi: Şirket Performansında Bölgesel Farklılıklar

Öz

Bu makale, WTI ham petrol fiyatlarının BIST'te işlem gören dokuz şehir endeksi üzerindeki etkisini 2014-2024 yılları arasındaki günlük verileri kullanarak incelemektedir. Çalışmada, petrol fiyatları ve şehir endeksleri arasındaki uzun dönemli ilişkiyi araştırmak için birim kök testleri, eşbütünleşme analizi ve FMOLS tahmini kullanılmıştır. Sonuçlar, petrol fiyatları ve şehir endekslerinin uzun dönemde simetrik ve anlamlı bir ilişki sergilediğini ve şehir endeksleri arasında farklı etki dereceleri olduğunu göstermektedir. Antalya ili ve çevresindeki şirketlerin oluşturduğu XSANT Endeksi ham petrol fiyatlarından en çok etkilenen endeks olurken, İstanbul ilindeki şirketlerin oluşturduğu XSIST Endeksi en az etkilenen endeks olmuştur. Bulgular, petrol fiyatlarındaki dalgalanmaları ve bunların finansal piyasa endeksleri üzerindeki etkilerini izlemesi gereken yatırımcılar ve politika yapıcılar için önemli çıkarımlara sahiptir.

Anahtar Kelimeler

Ham petrol fiyatları , şehir endeksleri , BIST , eşbütünleşme , FMOLS

Impact of Oil Prices on BIST City Indices: Regional Differences in Company Performance

Abstract

This article examines the impact of WTI crude oil prices on nine city indices traded on the BIST, using daily data from 2014 to 2024. The study employs unit root tests, cointegration analysis, and FMOLS estimation to investigate the long-term relationship between oil prices and city indices. The results indicate that oil prices and city indices exhibit a symmetrical and significant relationship in the long run, with different degrees of impact across city indices. The XSANT Index, comprising companies in and around Antalya province, is the most influenced by crude oil prices, whereas the XSIST Index, comprising companies in Istanbul province, is the least affected. The findings have important implications for investors and policymakers who need to monitor oil price fluctuations and their effects on financial market indices.

Keywords

Crude oil prices , BIST , FMOLS , Cointengency , City Indicies

Kaynakça

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Ayrıntılar

Birincil Dil

İngilizce

Konular

Bölgesel Ekonomi , Finansal Ekonomi

Bölüm

Araştırma Makalesi

Yazarlar

Emre Bulut ^*
0000-0002-2884-1405
Türkiye

Erken Görünüm Tarihi

8 Ocak 2025

Yayımlanma Tarihi

8 Ocak 2025

Gönderilme Tarihi

27 Şubat 2024

Kabul Tarihi

21 Ekim 2024

Yayımlandığı Sayı

Yıl 1970 Cilt: 39 Sayı: 1

DOI

https://doi.org/10.16951/trendbusecon.1443242

IZ

https://izlik.org/JA57HH56JE

APA

Bulut, E. (2025). Impact of Oil Prices on BIST City Indices: Regional Differences in Company Performance. Trends in Business and Economics, 39(1), 14-25. https://doi.org/10.16951/trendbusecon.1443242

Content of this journal is licensed under a Creative Commons Attribution 4.0 International License

29928

Petrol Fiyatlarının BIST Şehir Endeksleri Üzerindeki Etkisi: Şirket Performansında Bölgesel Farklılıklar

Öz

Anahtar Kelimeler

Impact of Oil Prices on BIST City Indices: Regional Differences in Company Performance

Abstract

Keywords

Kaynakça

Ayrıntılar

Birincil Dil

Konular

Bölüm

Yazarlar

Erken Görünüm Tarihi

Yayımlanma Tarihi

Gönderilme Tarihi

Kabul Tarihi

Yayımlandığı Sayı

DOI

IZ

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