YEREL HİSSE TERCİHİ ve BEDAVA BİNİCİ SORUNU ETKİSİ TEMELİNDE YERLİ VE YABANCI YATIRIMCI ETKİLEŞİMİNİN TESPİTİ

Bu çalışmada, bedava binici sorunu ile yerel hisse tercihi etkileri temel alınarak; yerli ve yabancı yatırımcı işlemleri arasındaki etkileşim incelenmektedir. Çalışmada yerli ve yabancı yatırımcıların 28.11.2005-14.04.2015 tarihleri aralığında günlük olarak sahip oldukları hisse sayıları veri olarak kullanılmıştır. Veriler VAR modeli çözümlemesi ile analiz edilmiştir. Analiz sonuçlarına göre; BİST pay piyasasında hem yerel hisse tercihi hem de bedava binici sorunu etkilerinin varlığı ortaya konulmuştur. Bulgulara göre, yerli ve yabancı yatırımcılar birbirlerinden karşılıklı olarak pozitif yönde etkilenmektedirler.

Anahtar Kelimeler:

Yerel Hisse Tercihi, Bedava Binici Sorunu, Yerli Yatırımcı, Yabancı Yatırımcı

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