Download or read book Day of the Week Effects in Turkish Stock and Money Markets written by Recep Bildik and published by . This book was released on 2002 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the daily seasonalities in emerging Turkish Stock and Money Markets. Within this framework, day-of-the-week-effects in overnight interest rate changes both in the Central Bank Interbank Money Market and the Istanbul Stock Exchange (ISE) Repo Market as well as in stock returns and liquidity at the ISE Stock Market are investigated.Results have shown the existence of significant day-of-the-week-effects both in overnight interest rate changes and stock returns. Overnight interest rates significantly fall on Wednesdays and increase on Mondays relative to the previous days. At the stock market, returns are significantly higher in the second part of the week and lower in the first two days of the week. Seasonalities in volatility and liquidity across the week confirmed the prior findings. Dynamic trading strategies based on the daily seasonalities in stock returns are able to produce significantly higher returns than market return of a simple quot;buy and holdquot; strategy in some periods neglecting transaction costs.Some evidences are documented for the relationship between the existence of day effect in overnight interest rates and Treasury Bill Auctions, institutional practices and the other factors which effect the liquidity conditions of the market creating the seasonality in liquidity.Findings support the quot;settlement procedurequot; explanation for the day-of-the-week effect in stock returns due to the fact that significant differences and movements in stock returns, return/risk, and liquidity indicators are observed between different periods in which different settlement procedures are employed in the stock market. On the other hand, negative Monday returns disappear when the mean return of previous Friday is positive.Finally, these results have shown the existence of significant day-of-the-week-effects both in overnight interest rate changes and stock returns which is promising excess return for portfolio managers, and indicate that regulatory bodies of the markets, institutional practices and public authorities have an important creative impact on the seasonalities in stock and money markets.
Download or read book Can Day of the Week Effect Be Explained by Interbank Rates written by Ekrem Tufan and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports the results of various tests of the day of the week effects using daily observations on the National 30 Index for Turkish stock exchange and interbank rates for the period January 3, 1997 and July 23, 2001. It is also searched whether day of the week effects be explained by interbank rates or not. While significant evidence of day of the week effects is reported and tried to explain it's reasons in literature, there is no significant explanation about it. The paper reports a significant day of the week effects for both market and investors can beat the markets and earn excess returns by using an active trading strategy than a simple buy and hold strategy. It's also could be said day of the week effect can be explained by interbank rates for an emerging market, namely Turkey.
Download or read book Day of the Week Effect in Istanbul Stock Exchange written by Mehmet F. Dicle and published by . This book was released on 2009 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market anomalies are reported for developed markets as well as for emerging markets. While day of the week effect is the most reported anomaly, it is also the most persistent one. We employ AR-GARCH-M model to estimate the day of the week effect for all of the Istanbul Stock Exchange indexes for the period starting from 1987 until the end of 2005. We find statistically significant day of the week effect for Mondays (with negative returns), for Thursdays (with positive returns) and for Fridays (with positive returns). We model each index differently in terms of AR and GARCH-M orders, which increases the efficiency of our estimation significantly. We also employ difference-in-mean and difference-in-variation tests to confirm our results.
Download or read book The Money Market Review written by and published by . This book was released on 1863 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Finance Analytics in Business written by Sanjay Taneja and published by Emerald Group Publishing. This book was released on 2024-06-17 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finance Analytics in Business brings together specialists around the world working in various disciplines to reflect on finance analytics in business. This crucial field gives different views of a company’s financial data, and helps it gain knowledge to take action to improve financial performance.
Download or read book Financial Management from an Emerging Market Perspective written by Soner Gokten and published by BoD – Books on Demand. This book was released on 2018-01-17 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the main reasons to name this book as Financial Management from an Emerging Market Perspective is to show the main differences of financial theory and practice in emerging markets other than the developed ones. Our many years of learning, teaching, and consulting experience have taught us that the theory of finance differs in developed and emerging markets. It is a well-known fact that emerging markets do not always share the same financial management problems with the developed ones. This book intends to show these differences, which could be traced to several characteristics unique to emerging markets, and these unique characteristics could generate a different view of finance theory in a different manner. As a consequence, different financial decisions, arrangements, institutions, and practices may evolve in emerging markets over time. The purpose of this book is to provide practitioners and academicians with a working knowledge of the different financial management applications and their use in an emerging market setting. Six main topics regarding the financial management applications in emerging markets are covered, and the context of these topics are "Capital Structure," "Market Efficiency and Market Models," "Merger and Acquisitions and Corporate Governance," "Working Capital Management," "Financial Economics and Digital Currency," and "Real Estate and Health Finance."
Download or read book Risk Management in Emerging Markets written by Sabri Boubaker and published by Emerald Group Publishing. This book was released on 2016-10-04 with total page 746 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses three main dimensions of risk management in emerging markets: 1) the effectiveness of risk management practices; 2) current issues and challenges in risk assessment and modelling in emerging market countries; 3) the responses of emerging markets to the recent financial crises and the design of risk management models.
Download or read book Global Financial Crisis and Its Ramifications on Capital Markets written by Ümit Hacioğlu and published by Springer. This book was released on 2017-01-20 with total page 655 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses the 2008-2009 financial crisis and its ramifications for the global economy from a multidisciplinary perspective. Current market conditions and systemic issues pose a risk to financial stability and sustained market access for emerging market borrowers. The volatile environment in the financial system became the source of major threats and some opportunities such as takeovers, mergers and acquisitions for international business operations. This volume is divided into six sections. The first evaluates the 2008-2009 Global Financial Crisis and its impacts on Global Economic Activity, examining the financial crisis in historical context, the economic slowdown, transmission of the crisis from advanced economies to emerging markets, and spillovers. The second section evaluates global imbalances, especially financial instability and the economic outlook for selected regional economies, while the third focuses on international financial institutions and fiscal policy applications. The fourth section analyzes the capital market mechanism, price fluctuations and global trade activity, while the fifth builds on new trends and business cycles to derive effective strategies and solutions for international entrepreneurship and business. In closing, the final section explores the road to economic recovery and stability by assessing the current outlook and fiscal strategies.
Download or read book Anomalies in the European REITs Market written by G. Mattarocci and published by Springer. This book was released on 2014-06-24 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses calendar anomalies in the real estate industry with a focus on the European market. It considers annual, monthly and weekly calendar anomalies looking at a representative sample of European REITs and highlights the main differences amongst the countries.
Download or read book Investors Chronicle and Money Market Review written by and published by . This book was released on 1862 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book DIGITAL TRANSFORMATION IN EMERGING BUSINESS ENVIRONMENT written by Sourav Kumar Das and published by REDSHINE Publication. This book was released on with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The National Level Peer Reviewed Edited Book titled ‘Digital Transformation in Emerging Business Environment’ is a wonderful treatise which concentrates on the efficiency of improved infrastructure and its impact on the socio-economic growth and addresses diverse theme of great importance and relevance to the business, economy and society. This book contains research papers and scholarly articles of the eminent academicians, scholars and researchers in the diverse fields of Business, Finance, Marketing, Management etc. in a highly organised and lucid manner.
Download or read book Railway News Finance and Joint stock Companies Journal written by and published by . This book was released on 1868 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economist written by and published by . This book was released on 1847 with total page 898 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Herapath s Railway Magazine Commercial Journal and Scientific Review written by and published by . This book was released on 1856 with total page 1350 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Commercial Financial Chronicle written by and published by . This book was released on 1897 with total page 1268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book African Review written by and published by . This book was released on 1896 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt:
