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Journals / Bogazici Journal: Review of Social, Economic and Administrative Studies / 2011 / Cilt: 25 - Sayı: 1

YERLİ VE YABANCI MAKROEKONOMİK HABERLERİN HİSSE SENEDİ PİYASASI OYNAKLIĞI ÜZERİNDEKİ ETKİSİ: İSTANBUL MENKUL KIYMETLER BORSASI

THE IMPACT OF DOMESTIC AND FOREIGN MACROECONOMIC NEWS ON STOCK MARKET VOLATILITY ISTANBUL STOCK EXCHANGE

GÜLÜZAR KURT GÜMÜŞ
A TÜLAY YÜCEL
Deniz KARAOĞLAN
ŞABAN ÇELİK
Pages
123–137
DOI
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AI Summary & Key Takeaways

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

The results indicate that foreign announcements do not have a significant effect, whereas domestic announcements are responsible for observed volatility in the market.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The purpose of the present paper is to examine the impact of domestic and foreign macroeconomic news announcements on the Istanbul Stock Exchange for the period between 2002 and 2010.
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Key Findings & Data:The results indicate that foreign announcements do not have a significant effect, whereas domestic announcements are responsible for observed volatility in the market.
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Conclusion & Impact:In other words, within two consecutive sessions after the news is released, the market shows a marked reaction to the news
🔬Design:Research Article
📍Scope:2002 Verileri
⚙️Variables:Domain Parameters

Abstract

The purpose of the present paper is to examine the impact of domestic and foreign macroeconomic news announcements on the Istanbul Stock Exchange for the period between 2002 and 2010. The market reaction to the news announcements is tested within a research window through which the reaction can be filtered. The results indicate that foreign announcements do not have a significant effect, whereas domestic announcements are responsible for observed volatility in the market. In other words, within two consecutive sessions after the news is released, the market shows a marked reaction to the news

Özet

Bu çalışmanın amacı, yerli (iç) ve yabancı (dış) makroekonomik haberlerin yayınlanmasının İstanbul Menkul Kıymetler Borsası üzerindeki etkisini 2002-2010 dönemi için incelemektir. Piyasanın haberlerin yayınlanmasına verdiği reaksiyonun filtrelenebildiği bir araştırma yöntemi çerçevesinde, haberlerin yayınlanmasının etkisi test edilmiştir. Sonuçlar; dış haberlerin anlamlı bir etkisinin olmadığını, diğer yandan iç haberlerin piyasa oynaklığını etkilediğini göstermektedir. Bir başka ifadeyle piyasa, haber yayınlandıktan sonra birbirini takip eden iki seans içerisinde haberlere belirgin bir biçimde tepki göstermektedir

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Cite This Article

GÜMÜŞ, G. K., YÜCEL, A. T., KARAOĞLAN, D., ÇELİK, Ş. (2011). YERLİ VE YABANCI MAKROEKONOMİK HABERLERİN HİSSE SENEDİ PİYASASI OYNAKLIĞI ÜZERİNDEKİ ETKİSİ: İSTANBUL MENKUL KIYMETLER BORSASI. Bogazici Journal: Review of Social, Economic and Administrative Studies, Cilt: 25 - Sayı: 1, 123–137. https://ajindex.com/articles/144763

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