IDEAS home Printed from https://ideas.repec.org/a/iif/iifjrn/v23y2008i266p95-113.html
   My bibliography  Save this article

Ödül beta yaklasımının Istanbul Menkul Kıymetler Borsası’nda uygulanması

Author

Listed:
  • Sezgin DEMİR

    (Adnan Menderes Üniversitesi)

  • Yusuf KADERLİ

    (Adnan Menderes Üniversitesi)

Abstract

Bu çalısmada Ödül Beta yaklasımı, Sermaye Varlıklarını Fiyatlama Modeli ve Fama ve French Modeli ile karsılastırılarak IMKB’de uygulanmıstır. 1995–2006 yıllarına ait veriler, örneklem dönemi ve tahmin dönemi olmak üzere iki ayrı gruba ayrılmıs ve örneklem döneminde yapılan analizlerin sonucu, tahmin dönemine ait veriler ile karsılastırılarak modellerin hisse senetlerinin getirilerini açıklama gücü ölçülmüstür. Veri seti, - ilgili yıllarda özsermayesi negatif olanlar ve menkul kıymet yatırım ortaklıkları hariç – hisse senetleri IMKB’ye kote olmus firmalardan olusturulmustur. Yapılan analiz sonucunda elde edilen bulgular Ödül Beta yaklasımının, söz konusu dönemde IMKB’de karsılastırma yapılan diger iki modele oranla hisse senetlerinin getirilerini açıklamada, daha basarılı oldugunu göstermektedir. Bu sonuç, istatistiksel anlamlılık testleri ile desteklenmektedir.

Suggested Citation

  • Sezgin DEMİR & Yusuf KADERLİ, 2008. "Ödül beta yaklasımının Istanbul Menkul Kıymetler Borsası’nda uygulanması," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 23(266), pages 95-113.
  • Handle: RePEc:iif:iifjrn:v:23:y:2008:i:266:p:95-113
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    ödül beta yaklasımı; ortalama-risk modeli; portföy teorisi;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iif:iifjrn:v:23:y:2008:i:266:p:95-113. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ali Bilge (email available below). General contact details of provider: http://iif.com.tr .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.