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THE EFFECTS OF UNEXPECTED EVENTS BETWEEN 1990-2012 ON DOLAR SELLING PRICE IN TURKEY
Öz
Expectations regarding the economical and political changes affect directly dollar selling prices. In the finance literature, many studies reveal the relationship between unexpected events and stock prices. However a few studies investigate such a relationship between unexpected events and dollar selling prices in Turkey. This study aims to explain the effect of unexpected events on dollar selling prices in Turkey, for the period 1990-2012which starts with the ‘The invasion of Kuwait-2/8/1990”and ends with ‘Upgrading of Turkey’s credit rate by Fitch-6/11/2012’. In order to explain the relationship, event study methodology proposed by MacKinley (1997) is used.The data has been analyzed by two different normal return calculation methods: Constant mean return model (CMR), Mean adjusted return model (MAR). According to both calculation methods, in the most of the post-period days the results are statistically significant. The importance of this study is to show whether significant abnormal returns exist around unexpected events which may lead for the position of the investors.
Anahtar Kelimeler
Ayrıntılar
Birincil Dil
Türkçe
Konular
-
Bölüm
-
Yayımlanma Tarihi
1 Haziran 2013
Gönderilme Tarihi
23 Ocak 2016
Kabul Tarihi
-
Yayımlandığı Sayı
Yıl 2013 Cilt: 11 Sayı: 21
APA
Şimşek, E., & Ada, S. S. (2013). THE EFFECTS OF UNEXPECTED EVENTS BETWEEN 1990-2012 ON DOLAR SELLING PRICE IN TURKEY. Journal of Management and Economics Research, 11(21), 48-62. https://doi.org/10.11611/JMER174
AMA
1.Şimşek E, Ada SS. THE EFFECTS OF UNEXPECTED EVENTS BETWEEN 1990-2012 ON DOLAR SELLING PRICE IN TURKEY. Journal of Management and Economics Research. 2013;11(21):48-62. doi:10.11611/JMER174
Chicago
Şimşek, Esra, ve Seda Selver Ada. 2013. “THE EFFECTS OF UNEXPECTED EVENTS BETWEEN 1990-2012 ON DOLAR SELLING PRICE IN TURKEY”. Journal of Management and Economics Research 11 (21): 48-62. https://doi.org/10.11611/JMER174.
EndNote
Şimşek E, Ada SS (01 Haziran 2013) THE EFFECTS OF UNEXPECTED EVENTS BETWEEN 1990-2012 ON DOLAR SELLING PRICE IN TURKEY. Journal of Management and Economics Research 11 21 48–62.
IEEE
[1]E. Şimşek ve S. S. Ada, “THE EFFECTS OF UNEXPECTED EVENTS BETWEEN 1990-2012 ON DOLAR SELLING PRICE IN TURKEY”, Journal of Management and Economics Research, c. 11, sy 21, ss. 48–62, Haz. 2013, doi: 10.11611/JMER174.
ISNAD
Şimşek, Esra - Ada, Seda Selver. “THE EFFECTS OF UNEXPECTED EVENTS BETWEEN 1990-2012 ON DOLAR SELLING PRICE IN TURKEY”. Journal of Management and Economics Research 11/21 (01 Haziran 2013): 48-62. https://doi.org/10.11611/JMER174.
JAMA
1.Şimşek E, Ada SS. THE EFFECTS OF UNEXPECTED EVENTS BETWEEN 1990-2012 ON DOLAR SELLING PRICE IN TURKEY. Journal of Management and Economics Research. 2013;11:48–62.
MLA
Şimşek, Esra, ve Seda Selver Ada. “THE EFFECTS OF UNEXPECTED EVENTS BETWEEN 1990-2012 ON DOLAR SELLING PRICE IN TURKEY”. Journal of Management and Economics Research, c. 11, sy 21, Haziran 2013, ss. 48-62, doi:10.11611/JMER174.
Vancouver
1.Esra Şimşek, Seda Selver Ada. THE EFFECTS OF UNEXPECTED EVENTS BETWEEN 1990-2012 ON DOLAR SELLING PRICE IN TURKEY. Journal of Management and Economics Research. 01 Haziran 2013;11(21):48-62. doi:10.11611/JMER174