An empirical investigation of the determinants of market efficiency in Borsa Istanbul

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dc.authorscopusid56224252700
dc.authorscopusid57210998090
dc.contributor.authorVarlı, Y.
dc.contributor.authorŞahin, E.S.
dc.date.accessioned2024-07-18T20:16:47Z
dc.date.available2024-07-18T20:16:47Z
dc.date.issued2021
dc.description.abstractFollowing the last global financial crisis, efficiencies of stock markets have come to sight as a novel area of research. The question of what factors shape the efficiency of the stock market is naturally always of curiosity in theory and practice. In line with the framework of this curiosity, this study examines the determinants that play a crucial role in the efficiency of a certain stock market, Borsa Istanbul. Our study contributes to the literature by using five years and daily data for both individual and institutional investors. We here aim to specify the ten determinants of efficiency which are categorized under investor-based, market-based and country-based determinants. According to the three different regressions and VAR analysis, the model indicates the strong relationship between the efficiency and the specified determinants such as turnover, market volatility, the share of foreign investors, and interest rate. © Springer Nature Singapore Pte Ltd. 2021.en_US
dc.identifier.doi10.1007/978-981-15-1928-4_3
dc.identifier.endpage62en_US
dc.identifier.issn2509-7873
dc.identifier.scopus2-s2.0-85097903705en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage39en_US
dc.identifier.urihttps://doi.org/10.1007/978-981-15-1928-4_3
dc.identifier.urihttps://hdl.handle.net/11411/6264
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSpringer Natureen_US
dc.relation.ispartofAccounting, Finance, Sustainability, Governance and Frauden_US
dc.relation.publicationcategoryKitap Bölümü - Uluslararasıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectBorsa Istanbulen_US
dc.subjectIndividual İnvestorsen_US
dc.subjectInstitutional İnvestorsen_US
dc.subjectMarket Efficiencyen_US
dc.subjectStock Exchangeen_US
dc.titleAn empirical investigation of the determinants of market efficiency in Borsa Istanbul
dc.typeBook Chapter

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