IDEAS home Printed from https://ideas.repec.org/a/spt/apfiba/v3y2013i6f3_6_5.html
   My bibliography  Save this article

The Effects of Sovereign Ratings Changes on Turkey’s Stock Market

Author

Listed:
  • Burhan Kabadayi

Abstract

This study examined the impacts of upgrades and downgrades by the three big major rating agencies (Standard and Poor’s, Moody’s and Fitch) on Turkey’s stock market. §The Istanbul Stock Exchange National 100 Index (XU100) was used as stock market indicators. The data set covers the period 1995 and 2011 and quarterly data was used. Control variables were growth rate of GDP per capita and real interest rates. The findings show that rating changes significantly affect the XU100 and vice-versa. GDP growth per capita affects XU100 positively and real interest rates negatively.

Suggested Citation

  • Burhan Kabadayi, 2013. "The Effects of Sovereign Ratings Changes on Turkey’s Stock Market," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 3(6), pages 1-5.
    • Handle: RePEc:spt:apfiba:v:3:y:2013:i:6:f:3_6_5
    as

    Download full text from publisher

    File URL: http://www.scienpress.com/Upload/JAFB%2fVol%203_6_5.pdf
    Download Restriction: no
    ---><---

    More about this item

    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:spt:apfiba:v:3:y:2013:i:6:f:3_6_5. 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: Eleftherios Spyromitros-Xioufis (email available below). General contact details of provider: http://www.scienpress.com/ .

    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.