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Geleneksel Yatýrým Araçlarýnýn Hisse Senedi Fiyatlarýna Etkisi: BIST'te Sektörel Bazda Karsýlastýrmalý Bir Analiz

Author

Listed:
  • Bener GÜNGÖR

    (Bayburt University)

  • Ahmet POLAT

    (Bayburt University)

Abstract

Bu çalýsmada geleneksel yatýrým araçlarýnýn BIST’teki sektörler bazýnda hisse senedi fiyatýna etkileri zaman serileri ile analiz edilmiþtir. Çalýsmada Ocak 2004-Haziran 2017 dönemine ait aylýk veriler kullanýlmýstýr. BIST’teki sektörleri temsilen bes model olusturulmustur. Çalýsmada bagýmlý deðisken olarak BIST’teki sektörler, bagýmsýz deðiþken olarak döviz kuru, altýn fiyatý ve faiz oraný ele alýnmýstýr. Ayrýca 2008 küresel krizi kukla deðisken yardýmýyla dikkate alýnmýstýr. Sonuç olarak geleneksel yatýrým araçlarýnýn bütün sektörlerde hisse senedi fiyatýný negatif etkiledigi tespit edilmistir. Ancak altýn fiyatýnýn etkisi istatistiki açýdan anlamlý bulunmamýstýr. Anlamlý etki tespit edilen yatýrým araçlarýndan döviz kurunun, hisse senedi fiyatýný faiz oranýndan daha çok etkiledigi belirlenmistir. Ayrýca bu etkinin en çok BIST Mali Endeksinde en az ise BIST Hizmet Endeksinde oldugu görülmüstür.

Suggested Citation

  • Bener GÜNGÖR & Ahmet POLAT, 2020. "Geleneksel Yatýrým Araçlarýnýn Hisse Senedi Fiyatlarýna Etkisi: BIST'te Sektörel Bazda Karsýlastýrmalý Bir Analiz," Bingol University Journal of Economics and Administrative Sciences, Bingol University, Faculty of Economics and Administrative Sciences, vol. 4(1), pages 79-105, August.
    • Handle: RePEc:bgo:journl:v:4:y:2020:i:1:p:79-105repec/bgo/
    DOI: https://doi.org/10.33399/biibfad.707110
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    File URL: http://repec.bingol.edu.tr/bgo/Geleneksel%20Yat%C4%B1r%C4%B1m%20Ara%C3%A7lar%C4%B1n%C4%B1n%20Hisse%20Senedi%20Fiyatlar%C4%B1na%20Etkisi%20BIST'te%20Sekt%C3%B6rel%20Bazda%20Kars%C4%B1last%C4%B1rmal%C4%B1%20Bir%20Analiz.pdf
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    More about this item

    Keywords

    Hisse senedi fiyatý; geleneksel yatýrým araçlarý; zaman serisi analizi; altýn fiyatlarý; faiz oraný; döviz kuru.;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models

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