İŞLEM HACMİ İLE HİSSE SENEDİ GETİRİLERİ ARASINDAKİ İLİŞKİNİN İNCELENMESİ: BANKA HİSSELERİNE DAYALI BİR ANALİZ

Year 2017, , 457 - 482, 30.06.2017

Önder Büberkökü

https://doi.org/10.20875/makusobed.324146

Cited By: 6

Abstract

This study examines the relationship between stock
returns and trading volume for 10 deposit banks traded on  Borsa İstanbul. A quantile regression is used
to investigate the contemporaneous relationship between the variables, and
Hatemi-J (2012) test is employed to investigate the asymmetric causality
between the variables.  Results show
that, in most cases, the Noisy Traders Hypothesis is valid for bank stocks,
meaning that investors’ buying and selling decisions about bank shares are
based not on fundamental economic analysis or indicators, but rather on
previous movements in the stock price.

Keywords

İşlem Hacmi, Hisse Senedi Getirileri, KantilRegresyon, Bankalar, Asimetrik Nedensellik

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