HASAN AYAYDIN
(Gümüşhane Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümü, Anabilim Dalı, Gümüşhane, Türkiye)
HÜSEYİN DAĞLI
(Karadeniz Teknik Üniversitesi, Giresun İktisat ve İdari Bilimler Fakültesi, İşletme Bölümü, Giresun, Türkiye)
Yıl: 2012Cilt: 26Sayı: 3-4ISSN: 1300-4646 / 2147-7582Sayfa Aralığı: 45 - 66Türkçe

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Gelişen piyasalarda hisse senedi getirisini etkileyen makroekonomik değişkenler üzerine bir inceleme: Panel veri analizi
Çalışmanın amacı; panel veri analizi yöntemini kullanarak gelişen piyasalarda hisse senetlerinin getirisi üzerinde etkili olan makroekonomik değişkenleri belirleyip, hisse senedi getirisi ile bu değişkenler arasındaki ilişkiyi bir model çerçevesinde test etmektir. Ayrıca çalışmada bu değişkenlerden hangisinin hisse senedi getirisi üzerinde daha etkili olduğunun ortaya konulması amaçlanmıştır. Bu ilişkinin yönünün ve miktarının tespit edilmesi açısından literatüre katkı sağlanması hedeflenmiştir. Ampirik bulgulara göre çalışma kapsamında yer alan bütün gelişen piyasalar örneklemlerinde hisse senedi getirisinin; S&P 500 endeksinden pozitif etkilendiği; döviz kurundan, 1997- 1998 Doğu Asya Krizinden ve 2008 Küresel Finansal Krizinden negatif etkilendiği saptanmıştır. Ayrıca, çalışma kapsamında yer alan bütün gelişen piyasalar örneklemlerinde hisse senedi getirisinin mevduat faiz oranından etkilenmediği bulgusuna ulaşılmıştır.
Sosyal > İktisat
Sosyal > İşletme
DergiAraştırma MakalesiErişime Açık
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