Makaleler     Dergiler     Kitaplar    

International Journal of Economics and Finance Studies

Yıl 2011 , Cilt 3 , Sayı 1

Makale özeti ve diğer detaylar.

Makale özeti
Başlık :

The dynamics between mutual funds flows and stock returns: empirical evidence from the turkey markets

Yazar kurumları :
Faculty of Economics And Administrative Sciences Department of Business Administration, Bayburt University1, Fethiye A.S.M.K. Vocational School of Higher Education Muğla University2
Görüntülenme :
91
DOI :
Özet Türkçe :

The aim of the study is searching the relationships existence and its directions between investment funds flow and earnings of market stock in Turkey for the period of 2001:4-2011:2. Specifically, we investigate the possibility of a causality mechanism through which mutual funds flows may affect stock returns and vice versa. Time series techniques used for searching this relationship between variances. Primarily to state stagnancy Phillips-Perron unit stem text techniques used, then to state the longer period relationships existence between variances Johansen- Juselius test techniques used. Because of variances are observed as integrated, by considering the possibility of existence at least there is a one way causality between variances, Granger causality test was made. As a result, findings show that there is a relationship between investment funds flow and earnings of market stock by the way there isn't a causality relationship between investment funds flow and earnings of market stock.

Anahtar kelimeler :
Özet İngilizce :

Anahtar kelimeler :
Paylaş :
Benzer Makaleler
Yorum Yap
  • Adınız :
  • Güvenlik Kodu :
  • Yorum :