Examinig the Relationships among the Borsa Istanbul Sector Indices and Exchange Rates:  ARDL Model

Eyüboğlu, Sinem; Eyüboğlu, Kemal

doi:10.25287/ohuiibf.332352

Cited by 32 publications

(13 citation statements)

References 28 publications

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“…Eyuboglu and Eyuboglu (2018) found their research that the increase in the USD / TL exchange rate had a statistically significant and negative effect on the IT sector. [16] When interesting result. Although these 3 companies have the lowest sales share, they cover 83% of all R & D expenses in the sector.…”

Section: Analyzing Of Randd and The Other Expenses Of Turkish Informatimentioning

confidence: 98%

Analysis of Research & Development Expenditures with Incomes and Expenses in Information Technology Sector of Borsa Istanbul

Susmuş

2020

KSS

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Information Technology (IT) sector consist of many areas from computers, mobile phones, tablets to wearable technologies. Nowadays, computers and phones, and all advanced products have greatly facilitated human lifes. And they have provided everyone to access information from anywhere. Especially the development of the telephones in the last few years has brought a different dimension to the information technologies. Therefore, the IT sector is rapidly growing and developing over the years. As a result, IT sector has a very important place in human life day by day. In this study, it will be discussed IT sector operating in Borsa Istanbul. They are traded 15 IT companies in Borsa Istanbul. It is examined structure of incomes and expenditures of IT firms in income statement. In addition, research & development (R&D) expenditures are analysed and they compared with other account items of income statements. The purpose of this study in Turkey is to provide information about the IT sector and financial structure. In addition, R & D expenditures of IT companies operating in Borsa Istanbul is revealed by analyzing the income statement data. Keywords: Research & Development Expenditures, IT sector in Turkey, Financial Statement

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Section: Analyzing Of Randd and The Other Expenses Of Turkish Informatimentioning

confidence: 98%

Analysis of Research & Development Expenditures with Incomes and Expenses in Information Technology Sector of Borsa Istanbul

Susmuş

2020

KSS

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“…Recently, the relationship between the stock prices and exchange rates, specifically BIST 100 and 23 sectors indexes investigated using ARDL model. The results suggest that the long run relationship exist only between exchange rate and textile, wholesale and retail, and technology indices [17]. The short and long-term relations between exchange rate and financial sector index, industrial sector index, service sector index and technology sector index investigated in Turkey [18].…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Exchange Rates on Stock Markets in Turkey: Evidence from Linear and Non-Linear ARDL Models

Çakır¹

2021

Linear and Non-Linear Financial Econometrics -Theory and Practice

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In this chapter we investigate the asymmetric impact of exchange rates on three major stock market indices in Turkey using four different ARDL models between 2003M1 and 2018M12. This chapter also attempts to differentiate the short-run and the long-run relationship between exchange rates and stock market indices namely BIST All shares, BIST National 100 index, and BIST National 30 index. Our motivating question is whether the relationship between exchange rates and three major stock market indices are symmetric or asymmetric in Turkey? To answer this, we first use the linear bivariate and multivariate models assuming the effects are symmetric. We then use the non-linear bivariate and multivariate models to examine whether exchange rate have symmetric or asymmetric effects on selected stock stock market indices in Turkey. The findings show that exchange rates have asymmetric effects on all three major stock market indices both in the short and long run. When we look at the long-run, the currency appreciation has positive and significant impact on selected stock markets but currency depreciation does not have an effect. This finding is in line with the understanding that Turkish sectors heavily depends on the import of raw and intermediate goods. The results also show that the economic activity has positive and significant effects on all stock markets implying that it is the main determinant in the long-run. Moreover, interest rates and volatility index were negative and significant in all markets. Thus, it has important implications for policy makers to provide stable prices and diverse investors.

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“…According to Toda-Yamamoto causality test results the tadeonal approach was supposed to be use in Borsa Istanbul (Eyüboğlu & Eyüboğlu, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Exchange Rate on Stock Market Indices

Ameen

Kamışlı

Temizel

2020

bmij

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The relationship between exchange rate and stock indices has risen many eyebrows so far. These two fundamental financial markets have a significant role in international business all around the globe. Furthermore, exchange rate is one of the most important indicators that rules in the decision-making process in all firms. In order to understand the relationship between the two variables this paper tried to investigate the relationship between exchange rate of USD/TL and BIST-100 index in Turkish stock market. The data have been collected from January 2009 to March 2020 based on monthly data. VAR model is applied in the study to exam the connections between the variables. The findings reveal that there is only a one-way causality between the variables. Nevertheless, the impulse response results show a negative impact from the shocks of each variable to another.

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Examinig the Relationships among the Borsa Istanbul Sector Indices and Exchange Rates: ARDL Model

Abstract: Özet

Cited by 32 publications

References 28 publications

Analysis of Research & Development Expenditures with Incomes and Expenses in Information Technology Sector of Borsa Istanbul

Analysis of Research & Development Expenditures with Incomes and Expenses in Information Technology Sector of Borsa Istanbul

The Impact of Exchange Rates on Stock Markets in Turkey: Evidence from Linear and Non-Linear ARDL Models

The Impact of Exchange Rate on Stock Market Indices

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