Investigating The Relationship Between Stock Returns and Foreign Exchange Rate In Turkey: ARDL Approach

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dc.contributor.authorBelen, Muhammet
dc.contributor.authorKaramelikli, Huseyin
dc.date.accessioned2024-09-29T16:11:20Z
dc.date.available2024-09-29T16:11:20Z
dc.date.issued2016
dc.departmentKarabük Üniversitesien_US
dc.description.abstractThis study investigates the relationship between the exchange rates and stock returns in Turkey. By employing the ARDL cointegration approach in the study, it is found that cointegration has existed between BIST-100 Index and the exchange rate of US dollar in Turkey. Empirical results suggest that exchange rate influences stock prices with a negative correlation as expected. The results also show that money supply influences stock prices with a positive correlation in accordance with expectations too. For Turkey these results support goods market theory (or traditional approach), one of two main theories explain the relationship between stock prices and exchange rates in literature.en_US
dc.identifier.endpage42en_US
dc.identifier.issn1303-1732
dc.identifier.issue1en_US
dc.identifier.startpage34en_US
dc.identifier.urihttps://hdl.handle.net/20.500.14619/8355
dc.identifier.volume45en_US
dc.identifier.wosWOS:000407815300005en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isotren_US
dc.publisherIstanbul Univen_US
dc.relation.ispartofIstanbul University Journal of the School of Businessen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectStock returnsen_US
dc.subjectExchange rateen_US
dc.subjectARDL cointegrationen_US
dc.titleInvestigating The Relationship Between Stock Returns and Foreign Exchange Rate In Turkey: ARDL Approachen_US
dc.typeArticleen_US

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