Effects of oil price changes on the sector indices of istanbul stock exchange

Basit Öğe Kaydı
dc.authorid0000-0002-6270-966X
dc.contributor.authorEryiǧit, Mehmet
dc.date.accessioned2021-06-23T18:52:09Z
dc.date.available2021-06-23T18:52:09Z
dc.date.issued2009
dc.departmentBAİBÜ, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümüen_US
dc.description.abstractOil price changes have chain affects on real economic activities. In order to explain the economic growth in any country, energy sectors (such as, electricity, oil, gasoline, coal, renewable energy, etc.), financial markets, real economy and the overall economy must be considered together. Oil price changes have significant effects on the real economic activity and employment. In addition to this, oil price changes and shocks are very important devices to explain stock price changes. In this paper, the extended market model (market return, oil prices (in Turkish Lira), oil price in dollars and exchange rate between dollar and Turkish Lira (TL)) was used to determine the effects of the oil price in dollars changes on market indexes in Istanbul Stock Exchange (ISE) for the period of 2000.01.04 - 2008.01.11. Daily data were used for analysis. Oil price (TL) changes has statistically significant effects on Electricity, Wholesale and Retail Trade, Insurance, Holding, Investment, Wood, paper, printing, Basic Metal, Metal Products, Machinery and Non-Metal and Mineral Products indices at the %5 significance level. It is found that oil price (USD) changes have a significant positive effect on Wood, Paper & Printing, Insurance and Electricity sub-sector indices. © EuroJournals Publishing, Inc. 2009.en_US
dc.identifier.endpage216en_US
dc.identifier.issn1450-2887
dc.identifier.issue25en_US
dc.identifier.scopus2-s2.0-67649086700en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage209en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12491/4150
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-67649086700&partnerID=40&md5=f7a8f3da7db99650f7beee636f884af5
dc.identifier.volume1en_US
dc.indekslendigikaynakScopusen_US
dc.institutionauthorEryiǧit, Mehmet
dc.language.isoenen_US
dc.relation.ispartofInternational Research Journal of Finance and Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectISEen_US
dc.subjectMarket Indicesen_US
dc.subjectOil Priceen_US
dc.titleEffects of oil price changes on the sector indices of istanbul stock exchangeen_US
dc.typeArticleen_US

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