Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/26960
Title: Stock return indices and macroeconomic factors : evidence from Borsa Istanbul
Authors: Dincergok, Burcu
Keywords: Stock exchanges -- Turkey
Macroeconomics
Least squares
Stocks -- Prices
Issue Date: 2016
Publisher: Ahmet Gökgöz
Citation: Dincergok, B. (2016). Stock return indices and macroeconomic factors : evidence from Borsa Istanbul. Journal of Accounting, Finance and Auditing Studies, 2(3), 307-322.
Abstract: This study analyses the relationship between oil prices, interest rates, exchange rates, industrial production and world equity index on four main sectors return indices (BIST National Industry Sector Return Index, BIST National Service Sector Return Index, BIST National Financial Sector Index and BIST National Technology Sector Index) over the period of 2000:8-2008:11 in Turkey. Interest rates and exchange rates have negative effect on all of the sectors. World equity return index has positive effect on all of the sector returns except for the technology sector. Although the industrial production index doesn’t have a significant impact on Industry and Technology Sector Return Indices, it affects BIST National Service Sector Return Index and BIST National Technology Sector Index negatively. Oil prices do not have a significant effect on return indices. The results are expected to be beneficial for the potential investors and policymakers.
URI: https://www.um.edu.mt/library/oar//handle/123456789/26960
Appears in Collections:Journal of Accounting, Finance and Auditing Studies, Volume 2, Issue 3
Journal of Accounting, Finance and Auditing Studies, Volume 2, Issue 3

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