The determinants of stock prices: Evidence from the Turkish banking sector

Saldanlı A., Aydın M., Bektaş H.

Theoretical and Applied Economics, cilt.24, sa.1, ss.181-188, 2017 (Hakemli Dergi)

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 24 Sayı: 1
  • Basım Tarihi: 2017
  • Dergi Adı: Theoretical and Applied Economics
  • Derginin Tarandığı İndeksler: EconLit
  • Sayfa Sayıları: ss.181-188
  • İstanbul Üniversitesi Adresli: Evet

Özet

This study examines the causality relationship of the stock prices of 10 deposit banks

traded in Borsa Istanbul with industrial production index, exchange rates and money supply using

monthly observations and focusing on the period between June 2007 and October 2016. The panel

causality test is used to examine the causality relationship between variables. The analyses

showed that the industrial production index is not one of the determinants of the stock prices of the

banks examined.