This study examines the inter-temporal links between world oil prices, ISE 100 and ISE electricity index returns unadjusted and adjusted for market effects. The traditional approaches could not detect a causal relationship running from oil returns to any of the stock returns. However, when we...

This study examines the inter-temporal links between world oil prices, ISE 100 and ISE electricity index returns unadjusted and adjusted for market effects. The traditional approaches could not detect a causal relationship running from oil returns to any of the stock returns. However, when we...

In this paper we examine the characteristics and stability of individual stock and portfolio betas of stocks listed in the Istanbul Stock Exchange (ISE) using samples of 500 individual stocks and 500 portfolios of 10 stocks each. We begin with a methodology similar to the basic event study...

The primary goal of this paper is to review the event studies conducted for Turkey to in order to identify the common components in their designs. This paper contributes to the existing literature by reviewing all event studies for Turkey for the first time, but more importantly; this review...

Ex-dividend date stock prices have usually been found to be smaller than the amount of dividends, and this has generally been attributed to the differential taxation of dividends and capital gains. This study examines the price drop to dividend relationship on the Istanbul Stock Exchange, which...

Empirical studies on market returns are carried out to try to better understand the various markets. An interesting and not fully explained finding is that mean returns differ across the day of-the-week. The most commonly found patterns in developed markets and some developing markets are the...

In this time of ever increasing relationships between countries within an expanding global economy, firms have to deal with decisions that extend beyond their national borders. One of their most important decisions deals with which market(s) to participate in, including capital markets. There is...