IDEAS home Printed from https://ideas.repec.org/a/ebl/ecbull/eb-04aa0007.html
   My bibliography  Save this article

The Effects Of Market And Industry Factors On The Returns Of Common Stocks Traded On The Istanbul Stock Exchange

Author

Listed:
  • Songul Kakilli Acaravci

    (Cukurova University)

  • Hatice Dogukanli

    (Cukurova University)

Abstract

This study examines the effects of market and industry factors on returns of common stocks traded on the Istanbul Stock Exchange (ISE) in Turkey. Of the common stocks listed on the Istanbul Stock Exchange, 142 were listed continuously from December, 1996, through December, 2001. The common stocks of the fourteen sectors traded on the Istanbul Stock Exchange were used to estimate the model parameters. Each common stock includes 60 observations. It is found that the single index model is weak in terms of predicting the return on the common stocks of “the food, beverage, tobacco” and “financial leasing and factoring” sectors. The industry index model is also weak for the prediction of the returns on the food, beverage and tobacco sector common stocks. The industry index model is generally better than the single index model in terms of predicting the returns on common stocks.

Suggested Citation

  • Songul Kakilli Acaravci & Hatice Dogukanli, 2004. "The Effects Of Market And Industry Factors On The Returns Of Common Stocks Traded On The Istanbul Stock Exchange," Economics Bulletin, AccessEcon, vol. 28(5), pages 1.
    • Handle: RePEc:ebl:ecbull:eb-04aa0007
    as

    Download full text from publisher

    File URL: http://www.accessecon.com/pubs/EB/2004/Volume28/EB-04AA0007A.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • G0 - Financial Economics - - General
    • G1 - Financial Economics - - General Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ebl:ecbull:eb-04aa0007. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: John P. Conley (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.