Yıl 2013, Cilt: 5 Sayı : 2 Sayfalar 10 - 22 2013-12-01
TESTING OF BIST AND TURKDEX: RANDOM WALK AND MARKET EFFICIENCY
Gizay DAVER,Merve KARACAER,Hülya ÜNLÜ
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Öz We implemented several parametric and non-parametric tests to investigate random walk hypothesis and market efficiency theorem for Turkey’s two main markets, Turkish Derivatives Exchange and Borsa İstanbul(new name for İstanbul Stock Exchange). 12/02/2007 – 08/02/2013 period is our testing period and we used daily log returns. According to our findings in the very short term null hypothesis of random walk is accepted.

Anahtar Kelimeler

Efficient Markets, Random Walk, Borsa İstanbul, ISE, TurkDEX, runs test
Campbell, John Y., Lo, Andrew W., & MacKinlay, A.Craig. (1997), “The
Birincil Dil
Konular
Yayımlanma Tarihi 1 Aralık 2013
Bölüm Makaleler
Yazarlar
Tarihler

Yayımlanma Tarihi : 1 Aralık 2013


Makalenin Yazarları
Gizay DAVER
Merve KARACAER
Hülya ÜNLÜ