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Journals / BDDK Bankacılık ve Finansal Piyasalar Dergisi / 2026 / Cilt: 15 Sayı: 1

The Effect of Institutional Quality and Macroeconomic Indicators on Financial Markets: A Research on the Emerging Markets

Kurumsal Kalitenin ve Makroekonomik Göstergelerin Finansal Piyasalara Etkisi: Gelişmekte Olan Piyasalar Üzerine Bir Araştırma

Esra Karpuz(KÜTAHYA DUMLUPINAR ÜNİVERSİTESİ)0000-0003-2765-4082
Nasıf Özkan(KÜTAHYA DUMLUPINAR ÜNİVERSİTESİ)0000-0003-2612-6368
Pages
147–173
Publication Date
2021-08-10
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Benzer şekilde, makroekonomik değişkenlerden gayrisafi yurtiçi hasıla (GSYH) yıllık büyüme oranı, özel sektöre verilen yurtiçi krediler ve yurtiçi tasarruflar da pay piyasalarının gelişimini pozitif etkilemektedir.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Bu çalışma, 2002-2017 yılları arasında Morgan Stanley Capital International Gelişmekte Olan Piyasalar Endeksi’nde (MSCIEF) yer alan borsaların gelişimini etkileyen kurumsal ve makroekonomik faktörleri saptamayı amaçlamaktadır.
📊
Key Findings & Data:Bu bağlamda çalışmada, 25 gelişmekte olan piyasanın verileri panel veri modelleriyle analiz edilmektedir.
💡
Conclusion & Impact:Benzer şekilde, makroekonomik değişkenlerden gayrisafi yurtiçi hasıla (GSYH) yıllık büyüme oranı, özel sektöre verilen yurtiçi krediler ve yurtiçi tasarruflar da pay piyasalarının gelişimini pozitif etkilemektedir.
🔬Design:Modeling & Simulation
📍Scope:2002-2017 Verileri
⚙️Variables:Borsalar · Finansal gelişme · Gelişmekte olan ülkeler

Özet

Bu çalışma, 2002-2017 yılları arasında Morgan Stanley Capital International Gelişmekte Olan Piyasalar Endeksi’nde (MSCIEF) yer alan borsaların gelişimini etkileyen kurumsal ve makroekonomik faktörleri saptamayı amaçlamaktadır. Bu bağlamda çalışmada, 25 gelişmekte olan piyasanın verileri panel veri modelleriyle analiz edilmektedir. Elde edilen bulgulara göre, kurumsal kalite değişkenlerinden politik istikrar ve şiddetsizlik ile ifade özgürlüğü ve hesap verilebilirlik değişkenlerinin, pay piyasalarının gelişimi üzerindeki etkisi pozitiftir. Benzer şekilde, makroekonomik değişkenlerden gayrisafi yurtiçi hasıla (GSYH) yıllık büyüme oranı, özel sektöre verilen yurtiçi krediler ve yurtiçi tasarruflar da pay piyasalarının gelişimini pozitif etkilemektedir.

🔖

Cite This Article

Karpuz, E., Özkan, N. (2021). The Effect of Institutional Quality and Macroeconomic Indicators on Financial Markets: A Research on the Emerging Markets. BDDK Bankacılık ve Finansal Piyasalar Dergisi, Cilt: 15 Sayı: 1, 147–173. https://doi.org/10.46520/bddkdergisi.986671

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