Bu çalışmada, İMKB’de düşük fiyatlı hisse senedi etkisinin varlığı araştırılmıştır. Elde edilen sonuçlara göre ABD borsalarının aksine İMKB’de yüksek fiyatlı hisse senetlerinin yatırımcılara anormal getiri sağladığı belirlenmiştir. Bu çalışmada aynı...

We have studied the comparison of returns between value and growth, and between small and big portfolios for an emerging market, Istanbul Stock Exchange (ISE). We show that growth portfolios have superior performance over value portfolios. Thus, our results do not confirm the evidence from most...

The main purpose of this article is to study whether firm-level return dispersions might have any significance in explaining asymmetric return correlations observed in equity market returns. Correlation asymmetry, in particular increased return correlations conditional on downside moves, implies...

This paper contributes to the literature on the financial integration in international stock markets by examining the dynamic relationship between global factors and herd behavior in an emerging market. Utilizing a time-varying transition probability Markov Switching model (TVTP-MS), we examine...

This paper contributes to the literature on the financial integration in international stock markets by examining the dynamic relationship between global factors and herd behavior in an emerging market. Utilizing a time-varying transition probability Markov Switching model (TVTP-MS), we examine...

This paper contributes to the literature on the financial integration in international stock markets by examining the dynamic relationship between global factors and herd behavior in an emerging market. Utilizing a time-varying transition probability Markov Switching model (TVTP-MS), we examine...