BILDIK, RECEP; GÜLAY, GÜZHAN - In: International Review of Finance 7 (2007) 1-2, pp. 61-87
This study examines the momentum and contrarian effects on stock returns in one of the leading emerging markets, which has a unique market structure, with record-high inflation, high volatility, high turnover, low correlation of returns with other exchanges and myopic investors: the Istanbul...