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Enflasyonun Borsa Performansı Üzerindeki Etkisi

The Effect of Inflation on Stock-Exchange Performance

Journal Name:

  • Kocaeli Üniversitesi Sosyal Bilimler Enstitüsü Dergisi

Publication Year:

  • 2004

Key Words:

Keywords (Original Language):

Author NameUniversity of Author
Abstract (2. Language): 
This study aims is to search the effects of inflation rate on İMKB performance. In the study transaction volume, market value, agreement number, transacted firm number and index values are used to indicate stock-exchange performance. For inflation indicator TÜFE is used. Study, uses the 'Error Correcting Model" (ECM) which is created by the "Johnson-Juselius Co-integration Model" (JJ) to show the empiric findings on the long term effects of inflation considering the short term dynamics, by the inflations 1995: 01 - 2003: 06 term effects on stock-exchange performance.
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Abstract (Original Language): 
Bu çalışmanın amacı, enflasyon oranının İMKB performansı üzerindeki etkisini araştırmaktır. Çalışmada borsa performansı göstergesi olarak işlem hacmi, piyasa değeri, işlem miktarı, sözleşme sayısı, işlem gören şirket sayısı ve endeks değeri kullanılmıştır. Enflasyon göstergesi olarak ise TÜFE alınmıştır. Çalışma, "Johansen-Juselius Koentegrasyon Testi" (JJ) aracılığıyla oluşturulan "Hata Düzeltme Modeli" (ECM) ile enflasyonun 1995: 01 - 2003: 06 dönemindeki borsa performansı üzerindeki kısa dönem dinamikleri dikkate alınarak uzun dönem etki¬sine yönelik bazı ampirik bulgular ortaya koymaktadır.
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  • Turkish

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