Purpose: This study investigates possible shock transmission and volatility spillover effects among the exchange rate changes and international portfolio flows for United States vis-à-vis two fast-growing emerging country groups: the BRICS (Brazil, Russia, India, China and South Africa) and...

Purpose: The development of green economy is of academic and policy importance to governments and policymakers worldwide. In the light of the necessity of renewable energy to sustain green economic growth, this study aims to examine the relationship between renewable energy consumption and...

After the 2000-2001 financial crises, the Turkish banking sector experienced a process of concentration, with the tendency for merger and acquisition activities, the revocation of licenses and the liquidation of some insolvent banks. This paper assesses the competitive structures in the Turkish...

This paper examines the existence of integration between the Turkish stock market and the markets in some developed and emerging countries, using both the conventional Engle and Granger (1987) cointegration test and the Gregory and Hansen (1996) test, which allows a structural break in the...

In this paper, we empirically examine the short term overreaction effect in the Istanbul Stock Exchange using daily stock data from January 1999 to December 2003. The study period covers the pre- and post- Turkish financial crisis period. Consistent with other prior studies on other markets, we...

Bilimsel çalışmalar, kadınların erkeklerden daha fazla riskten kaçındıklarını göstermektedir. Finansal risk alma davranışları konusunda yapılan araştırmalar ise, cinsiyet değişkenine ilişkin farklı sonuçlar ortaya koymaktadır. Türkiye’de yapılan ilk davranışsal...

This paper investigates the effects of interest rate and foreign exchange rate changes on Turkish banks' stock returns using the OLS and GARCH estimation models. The results suggest that interest rate and exchange rate changes have a negative and significant impact on the conditional bank stock...

The study investigates the link between the cost and profit efficiency scores of the banks in the Central and Eastern European Countries as well as Turkey along with their stock price performance to determine whether the efficiency scores are priced accordingly in bank stocks. Changes in...