Aksaray Üniversitesi Sosyal Bilimler Enstitüsü Dergisi
Yazarlar: Şakir SAKARYA, Murat ERDEM
Konular:-
Anahtar Kelimeler:Sovereign Wealth Fund,Event Study,Abnormal Return,BIST
Özet: This paper examines how stocks of firms that are traded on BIST and included in Turkish Sovereign Wealth Fund reacted to announcement of including to Turkish Sovereign Wealth Fund by Council of Ministers. The paper investigates efficiency of stocks’ markets and whether getting abnormal return is possible. The result of this study demonstrates that including to Turkish Sovereign Wealth Fund has a positive impact on stocks’ returns. This situation is a significant indicator of the non-effectiveness of the market even in a semi- strong condition.