Abstract
This study examines the causality relationship of the stock prices of 10 deposit banks traded in Borsa Istanbul with industrial production index, exchange rates and money supply using monthly observations and focusing on the period between June 2007 and October 2016. The panel causality test is used to examine the causality relationship between variables. The analyses showed that the industrial production index is not one of the determinants of the stock prices of the banks examined
Keywords
Panel causality; Turkish banking industry; Stock price; Money supply; Exchange rates
Topics
Banking / Bankacılık Financial markets / Finansal piyasalar Granger causality / Granger nedensellik Exchange rates / Döviz kurları Bank performance / Banka performansı Stock Prices JEL C3 · Multiple or Simultaneous Equation Models • Multiple Variables / Çoklu veya Eşanlı Denklem Modelleri • Çoklu Değişkenler JEL F3 · International Finance / Uluslararası Finans JEL G2 · Financial Institutions and Services / Finansal Kurumlar ve Hizmetler Panel Causality Turkish Banking Industry Stock Price Money Supply
JEL classification / JEL sınıflaması
- C32 Time-Series Models • Dynamic Quantile Regressions • Dynamic Treatment Effect Models • Diffusion Processes • State Space Models
Zaman Serisi Modelleri • Dinamik Kantil Regresyonlar • Dinamik Müdahale Etkisi Modelleri • Difüzyon Süreçleri • Durum Uzayı Modelleri - F31 Foreign Exchange
Döviz - G21 Banks • Depository Institutions • Micro Finance Institutions • Mortgages
Bankalar • Mevduat Kurumları • Mikro Finans Kurumları • İpotekler
JEL codes: American Economic Association classification. Turkish descriptions are an unofficial translation. Türkçe açıklamalar gayriresmî çeviridir.
Cite this work
- APA 7
Saldanlı, A., Aydin, M., & Bektaş, H. (2017). The Determinants of Stock Prices: Evidence from the Turkish Banking Sector. Theoretical and Applied Economics, 24(1), 181–188. https://store.ectap.ro/articole/1253.pdf
- MLA 9
Saldanlı, A., et al. "The Determinants of Stock Prices: Evidence from the Turkish Banking Sector." Theoretical and Applied Economics, vol. 24, no. 1, 2017, pp. 181–188. https://store.ectap.ro/articole/1253.pdf.
- Chicago 17 (author-date)
Saldanlı, A., M. Aydin, and H. Bektaş. 2017. "The Determinants of Stock Prices: Evidence from the Turkish Banking Sector." Theoretical and Applied Economics 24 (1): 181–188. https://store.ectap.ro/articole/1253.pdf.
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@article{saldanli2017the,
title = {The Determinants of Stock Prices: Evidence from the Turkish Banking Sector},
author = {Saldanlı A. and Aydin M. and Bektaş H.},
year = {2017},
journal = {Theoretical and Applied Economics},
volume = {24},
number = {1},
pages = {181-188},
url = {https://store.ectap.ro/articole/1253.pdf}
}