Kapadokya Akademik Bakış

Yazarlar: Tuğba KOYUNCU, Alper ASLAN

Konular:-

Anahtar Kelimeler:Market Activity,Effective Market Hypothesis,Panel Data Analysis,ARDL Boundary Test

Özet: Market conditions are defined as efficient markets, where a large and rational investor is competing with each other to maximize profits, and information is easily accessible to all. In the study, nine different developed stockbrokers were tested for weakness in the form of both time series analysis and panel by using daily closing index data for January 3, 2012 - December 30, 2016. According to the panel root results of the implemented panel, even the developed countries' stock markets did not find any activity. Then, a Granger Causality analysis was carried out to investigate whether there was a transfer from a stock exchange to another stock exchange or stock exchange, and according to the findings, it was generally concluded that the stock exchanges from the developed countries to the less developed countries exchanges.

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