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Macroeconomic Suprises and the Turkish Financial Market

Macroeconomic Suprises and the Turkish Financial Market

Ayşegül İşcanoğlu Çekiç, Havva Gültekin
Copyright: © 2020 |Pages: 29
ISBN13: 9781799810933|ISBN10: 1799810933|ISBN13 Softcover: 9781799810940|EISBN13: 9781799810957
DOI: 10.4018/978-1-7998-1093-3.ch004
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MLA

Çekiç, Ayşegül İşcanoğlu, and Havva Gültekin. "Macroeconomic Suprises and the Turkish Financial Market." Applied Econometric Analysis: Emerging Research and Opportunities, edited by Brian W. Sloboda and Yaya Sissoko, IGI Global, 2020, pp. 60-88. https://doi.org/10.4018/978-1-7998-1093-3.ch004

APA

Çekiç, A. İ. & Gültekin, H. (2020). Macroeconomic Suprises and the Turkish Financial Market. In B. Sloboda & Y. Sissoko (Eds.), Applied Econometric Analysis: Emerging Research and Opportunities (pp. 60-88). IGI Global. https://doi.org/10.4018/978-1-7998-1093-3.ch004

Chicago

Çekiç, Ayşegül İşcanoğlu, and Havva Gültekin. "Macroeconomic Suprises and the Turkish Financial Market." In Applied Econometric Analysis: Emerging Research and Opportunities, edited by Brian W. Sloboda and Yaya Sissoko, 60-88. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-7998-1093-3.ch004

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Abstract

In the study, the authors investigate the impacts of macroeconomic news originating from Turkey, US, Euro Zone, and China on the Turkish financial market. They consider Purchasing Managers Indices and Gross Domestic Product growth rates as macroeconomic news. The study covers the period from May 4, 2015 to January 1, 2019, and six sectoral indices are included into the analysis. The findings show that impacts of macroeconomic surprises on abnormal returns are significant for all the sectors except Holdings and Investments and Insurance. The authors also provide evidence that the impacts of macroeconomic surprises on volatilities are significant for only Holdings and Investments and Technology.

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