The effect of technological developments on the stock market: evidence from emerging market

ÇELİK>, Mehmet Sinan; Öztürk, Mutlu Başaran; Haykır, Özkan

doi:10.1080/13504851.2022.2128172

Cited by 2 publications

(1 citation statement)

References 10 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Upon the close of the trading floor, liquidity, price efficiency and informed trading declined, whereas these effects fully reversed when the trading floor reopened. Celik et al (2024) find that, with the pandemic, the effect of HFT on market liquidity disappeared in Borsa Istanbul. The literature offers other studies that investigate the COVID-19-imposed changes to the behavior of selected investor types, e.g., Ozik et al (2021) and Djalilov and Ülkü (2021) on retail investors; Glossner et al (2022) on institutional investors; Bing and Ma (2021) on individual and institutional investors; and Banerjee and Nawn (2024) on HFTs and non-HFTs.…”

Section: Introductionmentioning

confidence: 81%

Impact of the COVID-19 Market Turmoil on Investor Behavior: A Panel VAR Study of Bank Stocks in Borsa Istanbul

Ekinci,

Ersan

2024

IJFS

View full text Add to dashboard Cite

Assuming that investors can be foreign or local, do high-frequency trading (HFT) or not, and submit orders through a bank-owned or non-bank-owned broker, we associated trades to various investors. Then, building a panel vector autoregressive model, we analyzed the dynamic relation of these investors with returns and among each other before and during the COVID-19 market crash. Results show that investor groups have influence on each other. Their net purchases also interact with returns. Moreover, during the turmoil caused by the pandemic, except foreign investors not involved in HFT, the response of any investor group (retail/institutional, domestic investors doing HFT and those not doing HFT, and foreign investors doing HFT) significantly altered. This shows that the interrelation among investor groups is dynamic and sensitive to market conditions.

show abstract

Section: Introductionmentioning

confidence: 81%

Impact of the COVID-19 Market Turmoil on Investor Behavior: A Panel VAR Study of Bank Stocks in Borsa Istanbul

Ekinci,

Ersan

2024

IJFS

View full text Add to dashboard Cite

show abstract

Exploring the heterogeneity of stock market responses to Uber announcements: A comparative analysis of developed and emerging economies in Asia Pacific

Tavor

2024

QFE

View full text Add to dashboard Cite

<abstract> <p>I investigated Uber's strategic announcements' impact on stock markets within the Asia Pacific region, distinguishing developed and emerging economies. Utilizing Crunchbase.com data, I applied the "Index Impact Test" and "Stock Response Test" to analyze market responses. I found that in developed economies, stock indices experienced a negative trend before announcements and a positive trend thereafter. In contrast, emerging economies exhibited a positive response exclusively after announcements. I also explored the performance of Uber's stock, demonstrating positive post-announcement effects in both economy types, with emerging economies showing sustained positivity. Further, I expanded to assess Uber's influence on other peer-to-peer (P2P) companies, specifically Lyft and Airbnb, offering insights into the broader implications of Uber's announcements across the P2P sector. The findings suggested that Lyft received a positive market response in developed and emerging economies, while Airbnb's response in developed economies tended to be negative post-announcement.</p> </abstract>

show abstract

The effect of technological developments on the stock market: evidence from emerging market

Cited by 2 publications

References 10 publications

Impact of the COVID-19 Market Turmoil on Investor Behavior: A Panel VAR Study of Bank Stocks in Borsa Istanbul

Impact of the COVID-19 Market Turmoil on Investor Behavior: A Panel VAR Study of Bank Stocks in Borsa Istanbul

Exploring the heterogeneity of stock market responses to Uber announcements: A comparative analysis of developed and emerging economies in Asia Pacific

Contact Info

Product

Resources

About