Türkiye’de 2005 yılı başından itibaren faaliyet gösteren Vadeli İşlem ve Opsiyon Borsası (VOB), özellikle finansal vadeli işlem sözleşmeleri açısından iyi bir performans göstermiştir. İşlem hacminin yaklaşık yarısının gerçekleştirildiği döviz vadeli işlem...

This paper focuses on the informational efficiency of an emerging stock market of a developing country, namely Turkey and also on stock market volatility from two different, but complementary perspective. In the first part, the volatility trend and its term structure throughout the time is...

Dividend policy behavior of corporations operating in emerging markets is significantly different from the widely accepted dividend policy behavior of corporations operating in developed markets. There has been much discussion in dividend policy, industry ranking by dividend among academicians....

Rapid development in international financial markets lead regulatory bodies to establish common supervisory standards. On this respect, Basel II capital adequacy standards bring some obligations to the banks for effective supervision and risk management and force small-medium size enterprises...

Dividend policy behavior of corporations operating in emerging markets is significantly different from the widely accepted dividend policy behavior of corporations operating in developed markets. There has been much discussion in dividend policy, industry ranking by dividend among academicians....

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...

There is considerable discussion about controlling volatility by imposing price limits on asset prices. We examine the effects of price limits on a stock market by testing the volatility spillover, delayed price discovery, and trading interference hypotheses in a leading emerging market, the...

In spite of the strong existence of price limits in financial markets, there is not much agreement and information on the effects of price limits on volatility and price discovery, which has important policy implications for the investors and regulators. This study examines the effects of price...

This study examines the daily seasonalities in Turkish Money Markets. Day-of-the week effects in overnight interest rates in the Central Bank Interbank Money and Istanbul Stock Exchange Repo Markets are investigated. Results show that overnight interest rates significantly fall on Wednesdays and...