IDEAS home Printed from https://ideas.repec.org/p/sek/iacpro/6508957.html
   My bibliography  Save this paper

Effects of Sovereign Credit Rate Announcements on Turkey Stock Exchange Market

Author

Listed:
  • Erkan POYRAZ

    (Mu?la S?tk? Koçman University)

  • Bilge TÜRKÜN KAYA

    (Mu?la S?tk? Koçman University)

Abstract

International Credit Rating Agencies take an important place in economic, financial and commercial situation of countries. These agencies examine economic and political environment of countries, evaluate creditworthiness assessment factors and assign sovereign credit rate for each country. Leading credit rating agencies are Standard & Poor?s, Moody?s and Fitch, which are called as ?Big Three?. Their ratings play a router role in international investments. In addition, credit rate announcements may influence financial markets. In this study, effects of Turkey?s sovereign credit ratings, given by Big Three, on the main stock exchange index (BIST100) will be examined. Within this framework, event study methodology will be used to analyse the impacts of announcements. The aim of the study is to research effects of sovereign credit rate announcements on stock exchange markets.

Suggested Citation

  • Erkan POYRAZ & Bilge TÜRKÜN KAYA, 2018. "Effects of Sovereign Credit Rate Announcements on Turkey Stock Exchange Market," Proceedings of International Academic Conferences 6508957, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:6508957
    as

    Download full text from publisher

    File URL: https://iises.net/proceedings/40th-international-academic-conference-stockholm/table-of-content/detail?cid=65&iid=051&rid=8957
    File Function: First version, 2018
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Credit Rating Agencies; Sovereign Credit Rating; Stock Exchange Market; Event Study Methodology;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G00 - Financial Economics - - General - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:sek:iacpro:6508957. 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: Klara Cermakova (email available below). General contact details of provider: https://iises.net/ .

    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.