1. Çifte Kayıtlı Hisse Senetlerinin Fiyatlarını Etkileyen İçsel Faktörlerin Dinamik Panel Veri Analizi İle Belirlenmesi
- Author
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Ceyda Yerdelen Kaygin and Abdulkadir Barut
- Subjects
Stock exchange ,Financial market ,Dividend yield ,Monetary economics ,Business ,Market value ,Book value ,Stock (geology) ,Panel data ,Market liquidity - Abstract
Globalization and development of technology; it enabled the stocks of multinational companies to be traded on the foreign stock exchanges. It is believed that this situation has led to significant increases in the value and volume of cross-border transactions and capital flows in financial markets. This study aimed to determine the internal factors affecting the price of the shares of companies whose stocks are traded both on Stock Exchange Istanbul and overseas between 2013-2018 by dynamic panel data analysis. As a result of the analysis, a positive relationship is determined among the foreign price of the stock and the domestic price of the stock, the liquidity ratio, leverage ratio and asset profitability. A negative relationship between the foreign price of the stock and the beta value and the turnover rate is determined. No statistically significant relationship could be determined between the foreign price of the stock and the market value / book value, dividend yield and stock return. In addition, it was determined that the international prices of stocks were positively affected by the foreign prices of stocks in the previous period.
- Published
- 2020
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