Yazar "Kayhan, Fatih" seçeneğine göre listele

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    The effect of covid-19 on bist-100 and exchange rates influencing businesses
    (2021) Islamoglu, Mehmet; Yetgın, Muhammed Ali; Kayhan, Fatih
    Covid-19, appearing first in City of Wuhan in People's Republic of China in December 2019, infected all continents, regions and countries in a very short period. Covid-19 influenced the humanity in terms of health, economic and social aspects. The effect of Covid-19 on the economy is studied in this research. Businesses are considered as one of the most important actors of the country's economy. Investments in stocks, stock exchange and exchange rates determine the activities of businesses. The effects of Covid-19 pandemic on exchange rates (USD/TL and EURO/TL) and Borsa Istanbul (BIST-100) are examined in this study. E-views 9.0 statistical program is used in this research. Phillips-Perron unit root test and multiple regression tests are employed in the analyses. The study concludes by suggesting that Covid-19 daily number of cases and number of patients that recover the pandemic have significant effect on USD/TRY, EUR/TRY and BIST-100, which are leading economic and financial indicators as far as Turkey is concerned.
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    Impact of financial benchmarks upon the portfolio distribution of mutual funds: the evidence from turkish capital market
    (2022) Kayhan, Fatih; Doganer, Mine Berra; Islamoglu, Mehmet
    The purpose of the study is to examine how financial benchmark returns impact the portfolio distribution of mutual funds. The scope of paper is limited to Turkish mutual funds market. Method employed in the paper; Granger Causality Test based on the VAR model is used. Findings of the quantitative analysis: As the return on government debt securities (index) inclines, the demand on Government Domestic Debt Securities goes up, and then, weight of government debt securities increases in consolidated portfolio of mutual funds. The paper concludes that for bonds, benchmark returns are effective on portfolio distribution of mutual funds.
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    Portfolio and benchmark returns of private pension funds: a comparative analysis for turkey
    (2020) Kayhan, Fatih; Islamoglu, Mehmet; Apan, Mehmet
    The purpose of this study is to ascertain whether pension fund returns are in line with benchmark returns taking into account the regulatory structure in Turkey. The methodology of the study is the cumulative portfolio returns. Data is retrieved from TEFASPlatform and official web site of Capital Market Board of Turkey. Portfolio and benchmark of pension funds are compared. Only standard pension funds are covered within the scope of voluntary pension funds of Turkey. Findings are as follows; Portfolio returns and benchmark returns are in line significantly. The results are partly attributable to the regulations about pension fund management and portfolio structure. The paper also shows that in the long term, the volatility of returns decreases and returns prove to conform with the primarypurpose of the private pension system.