İŞLEM HACMİ İLE HİSSE SENEDİ GETİRİLERİ ARASINDAKİ İLİŞKİNİN İNCELENMESİ: BANKA HİSSELERİNE DAYALI BİR ANALİZ

Authors : Önder BÜBERKÖKÜ

Pages : 457-482

Doi:10.20875/makusobed.324146

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Publication Date : 2017-06-30

Article Type : Research Paper

Abstract :This study examines the relationship between stock returns and trading volume for 10 deposit banks traded on  Borsa İstanbul. A quantile regression is used to investigate the contemporaneous relationship between the variables, and Hatemi-J insert ignore into journalissuearticles values(2012); test is employed to investigate the asymmetric causality between the variables.  Results show that, in most cases, the Noisy Traders Hypothesis is valid for bank stocks, meaning that investors’ buying and selling decisions about bank shares are based not on fundamental economic analysis or indicators, but rather on previous movements in the stock price.
Keywords : İşlem Hacmi, Hisse Senedi Getirileri, KantilRegresyon, Bankalar, Asimetrik Nedensellik