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Journals / Muhasebe ve Finansman Dergisi / 2013 / Cilt: 0 - Sayı: 59

The relationship between trading volume and stock return in ıstanbul stock exchange

İstanbul menkul kıymetler borsası'nda işlem hacmi ile getiri ilişkisi

Halime NALIN TEMEL
Sevinç GÜLER
Pages
135–148
Publication Date
2022-10-18
DOI
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AI Summary & Key Takeaways

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

Hence it is found that the changes ofindex prices are effective on transaction volume.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The aim of this study is to present a dynamic relationship between transaction volumeand return.
📊
Key Findings & Data:For that purpose, In the period of 26.10.1987 and 12.02.2013, the daily returnand transaction volume data of ISE 100 index are analyzed.
💡
Conclusion & Impact:Hence it is found that the changes ofindex prices are effective on transaction volume.
🔬Design:Research Article
📍Scope:2013 Verileri
⚙️Variables:Domain Parameters

Abstract

The aim of this study is to present a dynamic relationship between transaction volumeand return. For that purpose, In the period of 26.10.1987 and 12.02.2013, the daily returnand transaction volume data of ISE 100 index are analyzed. In this study, it is ensued thatthere is a long- term relationship between transaction volume and return and also obtained aone- way causality between transaction volume and return. In order to explain therelationship between series in more detailed way, impulse response analysis and variancedecomposition techniques are also used in this study. Hence it is found that the changes ofindex prices are effective on transaction volume.

Özet

Bu çalışmanın amacı, İMKB 100 Endeksinde işlem hacmi ile getiri arasında dinamikilişkiyi ortaya koymaktır. Bu amaçla 26.10.198712.02.2013 dönem aralığında İMKB 100Endeksinin günlük getirisi ile günlük işlem hacmi verileri analiz edilmiştir. Çalışmada, işlemhacmi ile getiri arasında uzun dönemli bir ilişki ortaya çıkmış ve işlem hacmi ile getiriarasında tek yönlü bir nedensellik elde edilmiştir. Seriler arasındaki ilişkiyi daha detaylıaçıklamak adına etki tepki analizi ve varyans ayrıştırma tekniklerinin de kullanıldığı çalışmada, endeks fiyatlarındaki değişimin işlem hacmi üzerinde etkili olduğu sonucuna ulaşılmıştır.

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Cite This Article

TEMEL, H. N., GÜLER, S. (2022). The relationship between trading volume and stock return in ıstanbul stock exchange. Muhasebe ve Finansman Dergisi, Cilt: 0 - Sayı: 59, 135–148. https://ajindex.com/articles/582557

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References (4)

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