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The Purchasing Managers' Index (PMI) is a monthly economic activity index developed by the Institute for Supply Management (ISM) for over 40 countries. This index is derived from surveys conducted among designated managers who respond to questions regarding new sales orders, employee employment, supplier orders, and inventory levels. The literature provides various evidence for the existence of a relationship between Purchasing Managers' Indices (PMI) and financial markets, highlighting the significance of leading indicators such as the PMI. Building on this premise, the present study aims to examine the causal relationship between the returns of certain financial markets in Turkey, including the equity market, bond market, and foreign exchange market, and the PMI. Monthly data for the variables representing the Purchasing Managers' Index, equity market, bond market, and foreign exchange market were collected for the period between 2015 and 2024, and analyzed accordingly. The results indicate that there is a longterm cointegrated relationship between the PMI and the financial markets, while the findings from the causality tests suggest a causal relationship only from the PMI to the foreign exchange markets. No such causal relationship was identified for the equity and bond markets. [ABSTRACT FROM AUTHOR]

Copyright of Itobiad: Journal of the Human & Social Science Researches / İnsan ve Toplum Bilimleri Araştırmaları Dergisi is the property of Itobiad: Journal of the Human & Social Science Researches and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Kastamonu University Journal of Economics & Administrative Sciences Faculty / Kastamonu Üniversitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi is the property of Kastamonu University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

For the period 2007:Q1-2023:Q3, this study investigates the relationship between the general level of prices, FED interest rate policy, and financial markets in the Turkish economy. The study uses data on FED interest rate policy, general price level, and stock price. This study also includes economic policy uncertainty data to investigate the impact of political and economic uncertainty on financial markets. RALSADF unit root test, AARDL (Augmented ARDL) bounds examination and Hatemi-J asymmetric causality test are used to determine the relationship between the variables in the study. According to the findings obtained from the augmented ARDL test, it is determined that the general level of prices has a positive effect on BIST100 in the long run, and the FED interest rate policy has a positive effect on BIST100 in the short run. According to the results obtained from the Hatemi-J asymmetric causality test, positive and negative shocks in the general level of prices data have a significant effect on BIST100, but positive shocks are more effective than negative shocks, while positive shocks in the economic policy uncertainty data have a positive effect on BIST100. [ABSTRACT FROM AUTHOR]

Gold has been used as money for many centuries in human history. In today's markets, it is observed that gold is subject to exchange transactions that are either similar to the ṣarf contract found in classical fiqh texts or much different and more complex than it. At this point, the question of how and in which category the current gold-related transactions will be evaluated in terms of Islamic law and the solution to this problem come to the fore. In this article, Yusuf Erdem Gezgin's work titled " Gold Transactions in Financial Markets: A Review in Terms of Islamic Law", written on the subject, will be introduced. In this work, which he contributed to the literature, the author discussed gold transactions in financial markets. [ABSTRACT FROM AUTHOR]

Copyright of International Journal of Economics & Political Sciences Academic Researches / Uluslararası Ekonomi ve Siyaset Bilimleri Akademik Araştırmalar Dergisi is the property of Journal of Economics & Political Sciences Academic Researches and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

With the effect of globalization, it is observed that the interaction between the markets of different countries has increased, so the markets and assets are affected by each other on the basis of countries. According to the Modern Portfolio Theory, which was brought to the literature by Harry Markowitz in 1952, it becomes possible to avoid unsystematic risks by investing in different financial assets through diversification. In order to make diversification, it is important to determine the relationships between financial assets. In this study, it is aimed to investigate the existence of volatility spillover between Dollar/TL exchange rate, WTI oil price and selected Borsa Istanbul (BIST) sector indices, and to determine and interpret this effect if there is an interaction. For this purpose, Dollar/TL exchange rate, oil price and daily closing prices of selected Borsa İstanbul (BIST) sector indices (XMESY, XUSIN, XTEKS, XTRZM, XULAS, XGIDA and XU100) between 01.02.2015 and 28.02.2022 were used. According to the results of the DCC-GARCH model used to determine the volatility spillover, while no volatility spillover was detected between WTI oil and XMESY index, it was determined that there was a reciprocal volatility spillover between oil price and other sector indices. Also, one-way from USD/TL exchange rate to BIST Textile & Leather Index and BIST Transportation Index; It was concluded that there is a mutual volatility spillover with BIST Metal Products and Machinery Index, BIST Industrial Index, BIST Tourism Index, BIST Food, Beverage Index and BIST100 index. [ABSTRACT FROM AUTHOR]

Copyright of bilig: Journal of Social Sciences of the Turkish World is the property of bilig: Journal of Social Sciences of the Turkish World and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Hacettepe University Journal of Economics & Administrative Sciences / Hacettepe Üniversitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi is the property of Hacettepe University, Faculty of Economic & Administrative Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Finansal piyasalarda oluşabilecek fiyat hareketlerinin yönü hakkında bilgi sahibi olmak yatırımcılar, portföy yöneticileri ve riskten korunmak isteyenler için oldukça önemlidir. Finansal piyasalar hakkında tahminlerde bulunabilmek için çeşitli öncü göstergelerden faydalanılmaktadır. Bu çalışmada küresel göstergelerden olan Baltık Kuru Yük Endeksi, petrol fiyatları, altın fiyatları, Dolar Endeksi, MSCI Dünya Endeksi arasındaki volatilite yayılımı ilişkisi 02.01.2015-23.12.2021 dönemi verileri kullanılarak Antonakakis ve Gabauer (2017) tarafından geliştirilen TVP-VAR yöntemiyle araştırılmıştır. Araştırma sonucunda Baltık Kuru Yük Endeksi, Brent petrol fiyatı ve MSCI Dünya Endeksinin volatiliteyi yayan değişkenler olduğu, altın ons fiyatı ile Dolar Endeksinin volatiliteyi alan değişkenler olduğu görülmüştür. Volatiliteyi en çok yayan değişken Brent petrol fiyatı iken volatiliteyi en çok alan değişken de Dolar endeksi olmuştur. Brent petrol fiyatlarında meydana gelebilecek fiyat hareketleri takip edilerek incelenen finansal göstergelerin fiyat değişimleri hakkında bilgi sahibi olunabilecektir. Petrol fiyatlarında meydana gelen değişmelerin dünya ticaret hacmini ve sermaye hareketlerini etkilediği söylenebilmektedir. Ayrıca Covid-19 pandemisi gibi yaşanan olayların volatilitenin yönünü değiştirebileceği gözlemlenmiştir.

Copyright of Istanbul Journal of Economics / İstanbul Iktisat Dergisi is the property of Istanbul Journal of Economics / Istanbul Iktisat Dergisi and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Kafkas University, Journal of Economics & Administrative Sciences Faculty / Kafkas Üniversitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi is the property of University of Kafkas, Faculty of Economics & Administrative Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Social Sciences Research / Sosyal Bilimler Arastirmalari Dergisi is the property of ODU Journal of Social Sciences Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Option contracts are an essential financial derivatives tool as they have opened the way for investors to hedge against risks in an environment characterized by risk and uncertainty. Options also enable investors to speculate based on financial leverage. However, some view options contracts to have turned from being contracts that were initially a risk to contracts for hedging against risks. In reality, options are still associated with the same risk; they are nothing but gambling tools for trading in risks, as they are sold and bought by transferring them to those who accept the risk transfer. In light of many Arab countries’ tendency toward implementing options contracts in their financial markets, especially in Gulf countries, and their attempts to provide a legal character to their transactions, this study aims to determine the ruling regarding these contracts from the perspective of Islamic economics. The study relies on inductive and deductive approaches and deals with the concept of options, their origin and development, types, characteristics, and Islam’s perspective toward them. The study has concluded that option contracts are not permissible and that Islamic economic alternatives have been developed to hedge against price-change related risks by selling the deposit and the binding promise while not putting them up for trade. [ABSTRACT FROM AUTHOR]

Copyright of Istanbul Journal of Economics / İstanbul Iktisat Dergisi is the property of Istanbul Journal of Economics / Istanbul Iktisat Dergisi and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Public Finance Studies / Maliye Çalismalari Dergisi is the property of Journal of Public Finance Studies / Maliye Calismalari Dergisi and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Gazi Journal of Economics & Business is the property of Gazi Journal of Economics & Business and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Sakarya Journal of Economics / Sakarya Iktisat Dergisi is the property of Sakarya Journal of Economics / Sakarya Iktisat Dergisi and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Financial Politic & Economic Reviews / Finans Politik & Ekonomik Yorumlar is the property of Journal of Financial Politic & Economic Reviews / Finans Politik & Ekomomik Yorumlar and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Gazi Journal of Economics & Business is the property of Gazi Journal of Economics & Business and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Istanbul Journal of Economics / İstanbul Iktisat Dergisi is the property of Istanbul Journal of Economics / Istanbul Iktisat Dergisi and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Bilecik Seyh Edebali University Journal of Social Sciences is the property of Bilecik Seyh Edebali University Journal of Social Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Bu çalışmada, koronavirüs (covid19)’ün finansal piyasalar üzerindeki etkileri incelenmiştir. Virüsün ortaya çıktığı ülke olan Çin ile virüsün Mart 2020 itibari ile en etkin olduğu 3 kıtadan seçilen 4 ülkenin pay piyasaları arasındaki istatistiksel olarak anlamlı bir ilişkinin varlığı sorgulanmıştır. Bu doğrultuda, virüsün ortaya çıktığı Aralık 2019 öncesi ve sonrası olmak üzere iki dönem baz alınmıştır. Günlük pay piyasalarının kapanış fiyatları kullanılarak Toda Yamamoto nedensellik testi çalıştırılmıştır. Çalışmanın sonunda elde edilen bulgulara göre, 2019 Aralık öncesinde ABD pay piyasası SP500 endeksinin Çin pay piyasası SSEC endeksini %5 anlamlılık düzeyinde etkilerken, 2019 Aralık sonrasında Çin piyasasının daha bağımsız olarak kendi dinamiklerinden etkilendiği görülmüştür. Diğer bir yandan 2019 Aralık öncesinde Çin pay piyasası ile Güney Kore Pay piyasaları arasında istatistiksel olarak anlamlı bir nedensellik ilişkisine rastlanmamış iken, 2019 Aralık sonrasında ise SSEC endeksinin Güney Kore pay piyasası KOSPI50 endeksini tek taraflı olarak etkilediği gözlemlenmiştir. Bu çalışmada baz alınan dönem ve değişkenler itibari ile, virüsün pay piyasaları üzerinde etkisinin bölgesel yakınlıkla ilgili olduğu sonucuna ulaşılmaktadır.

Copyright of Journal of Aksaray University Faculty of Economics & Administrative Sciences / Aksaray Üniversitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi is the property of Aksaray University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Çankırı Karatekin University Journal of the Faculty of Economics & Administrative Sciences is the property of Cankiri Karatekin University, Faculty of Economics & Administrative Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Financial Researches & Studies / Finansal Araştirmalar ve Çalişmalar Dergisi is the property of Marmara University, School of Banking & Insurance and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Marmara University Social Sciences Institute / Öneri is the property of Marmara University, Institute of Social Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Emerging Economies & Policy is the property of JOEEP: Journal of Emerging Economies & Policy and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The COVID-19 pandemic, which emerged in December 2019 and then spread worldwide, has affected not only economic and social life but also the financial markets. It has left investors greatly panicked and affected their decisions. In this study, the effect of COVID-19 related news on Borsa Istanbul is analyzed using the panel quantile regression method. The study period is set between 10 March 2020 and 17 April 2020. The panic index, media hype index, fake news index, country sentiment index, infodemic index, and media coverage index created by the RavenPack data platform are used for the analysis. The impact of news, it was found, varies amongst the quantiles, and there exists an asymmetric dependence between the returns of Borsa Istanbul and COVID-19 related news. More efficient communication channels, the results indicate, should be used to alleviate the financial turmoil caused by COVID-19. [ABSTRACT FROM AUTHOR]

ÖZ: Finansal piyasalarda yatırımcıların güvenini sarsan ve piyasa işleyişini değiştiren içeriden öğrenenler ticareti, son yıllarda beyaz yakalıların karıştığı ve en çok artış gösteren finansal suçların başında gelmektedir. Bu çalışmada, turizm literatüründe içeriden öğrenenler ticareti ilk defa ele alınmış olup; turizm alt endüstrilerinde faaliyet gösteren ve borsaya kote olmuş işletmelerin yönetici ve çalışanlarına ilişkin hisse senedi alım ve satım işlemleri betimsel olarak incelenmiştir. Bu kapsamda, Ocak 2008 ile Aralık 2016 arasında New York borsasına (NYSE) kote olmuş konaklama, seyahat, rekreasyon ve yiyecek- içecek alanında faaliyet gösteren toplam 227 işletmede, 1891 içeriden öğrenen tarafından gerçekleştirilen 35.205 adet hisse senedi alım ve satım işlemi tanımsal olarak değerlendirilmiştir. Çalışma sonucunda, turizm işletmelerindeki içeriden öğrenenlerin yüksek hacimli işlemler gerçekleştirdikleri, NYSE yıllık getirisinin en yüksek olduğu yılı takip eden 2014 yılında içeriden öğrenenlerin toplam işlem sayısının en yüksek seviyeye ulaştığı; en yüksek miktarda ve hacimde gerçekleştirenlerin konaklama işletmelerindeki içeriden öğrenenler olduğu tespit edilmiştir. Ayrıca, çeşitli yönetici sınıflarında içeriden öğrenenlerin işlem özelliklerinin farklılaştığı sonucuna ulaşılmıştır. ABSTRACT: Insider trading, that harms trust in financial markets and changes the market mechanisms, is one of the most committed financial crimes by the white collars in recent years. In this paper, insider trading has been studied for the first time in tourism literature. Stock purchases and sell transactions of the directors and managers as well as personnel who works in tourism companies listed on New York Stock Exchange (NYSE) were descriptively studied. Within this framework, 32.205 purchases and sales by 1891 insiders who work at 227 tourism companies (containing accommodation, travel, recreation, food and beverage sectors listed on NYSE, spanning January 2008 – December 2016. As a result, insiders trade high volume of stocks and total number of transactions was at the highest level in the period following the year 2014 which has the highest average annual return in NYSE and the highest number and volume of shares were traded by the insiders in accommodation companies. The characteristics of the insiders’ trades also differ among various managerial positions.

Copyright of Journal of International Social Research is the property of Journal of International Social Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Electronic Turkish Studies is the property of Electronic Turkish Studies and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

While the 21st century brought many innovations in the social field, undoubtedly, change was inevitable in terms of global markets. One of the changes was the risk perception in the markets. Managing risk is becoming more and more important everyday. Today, there are many risk indices that allow measurement of financial risks in international markets, but one of the most followed is the VIX fear index. This index is guiding when making an international investment decision and plays an important role especially in the management of funds in financial markets. Another innovation that emerged in the financial markets was the cryptocoin markets. The interest of international investors in the use of cryptocoin has started to increase day by day, and accordingly, there has been an increase in the number of institutions that encourages hopping with these coins. In this context, this interest in Bitcoin has been one of the motivation sources in the emergence of this study. In this study, the causality relationship was tested among daily Bitcoin prices BIST100 and VIX fear index between the 06.08.2010 and 06.01.2020. Stability was tested with the Zivot-Andrews test, which primarily takes into account the structural breakage, and then Toda-Yamamoto causality analysis was perfonned. As a result of the study, it was found that Bitcoin price did not have a significant effect on both variables, while it had a one-way causality effect from VIX index to BIST100index. [ABSTRACT FROM AUTHOR]

The main motivation of this paper is to investigate the effects of Covid-19 cases on financial markets using non-linear ARDL analysis in the period from 03/11/2020 to 09/22/2020 in Turkish economy. The analysis findings reveal that the increases in the number of Covid-19 cases in the short term decreases the stock market prices in a statistically significant way, whereas the decreases in the number of Covid-19 cases increases the stock market prices in a statistically insignificant way. On the other hand, long-term analysis findings reveal that the increases in the number of Covid-19 cases decreases the stock market prices in a statistically significant way, whereas the decreases in the number of Covid-19 cases increases the stock market prices in a statistically significant way. In addition, the analysis findings show that the changes in the recovers from Covid-19 pandemic in both the short and long term affect the stock market prices in the same direction and statistically significant way. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Accounting, Finance & Auditing Studies is the property of Journal of Accounting, Finance & Auditing Studies and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Electronic Turkish Studies is the property of Electronic Turkish Studies and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Due to the integration in financial markets, it is important to be able to predict which markets are suitable for investment and the direction of financial markets for securities market investors. One of the variables to be used to predict the development of financial markets is the MSCI indices. In this study, the lead-lag relationship between MSCI Emerging Market Index and BIST 100 indices was examined with daily closing data for the period of 14.04.2003- 31.12.2019. For this purpose, Granger Causality Test for the causality relationship between the variables were made, the direction and degree of the relationship was determined by estimating the VAR models created. Also, in order to determine the levels of mutual influence, variance decomposition was performed and impact response graphics were created. As a result of the analyzes bilateral causality relationship between MSCI and BIST variables, It was determined that the BIST 100 index was positively affected by the 1 and 2 lagged values of the MSCI index, and the MSCI index was negative affected by the 1 lagged value and positively affected by the 2 lagged value of the BIST 100 index. According to the variance decomposition results, it was concluded that the MSCI variable was affected by the shocks of the BIST variable below 1% and the BIST variable was affected by the shocks of the MSCI variable by approximately 21%. [ABSTRACT FROM AUTHOR]

Investors take care to follow the future movements and volatility of financial markets in order to make the right investment decision. International financial markets have interacted with globalization. Therefore, investors are also required to examine volatility in international financial markets. As the VIX index (Chicago Board Options Exchange Volatility Index) is known as an international volatility indicator, the impact of the VIX index on the markets should be carefully monitored by investors. This study aims to compare the effect of VIX index on BIST 30 stock index and BIST 30 stock index futures contract volatility. In the study, using the daily data from June 9, 2012 to October 31, 2019, EGARCH models were firstly estimated to determine the asymmetry of the volatility of BIST30 index and BİST30 futures returns. As a result of the predicted EGARCH models, the presence of leverage effect was determined in both return series, and it was concluded that the bad news in the financial market affects the return volatility more than good news. Then, in order to measure the effect of VIX index on the volatility of returns, EGARCH models were created by adding VIX index to volatility model. As a result of adding VIX index to the model, it was determined that leverage effect in both return series strengthened. Looking at the impact of the VIX index on volatility retention, the volatility retention of the BIST30 index return remained the same, while the volatility retention of the BIST 30 futures returns decreased. [ABSTRACT FROM AUTHOR]

In order to reveal the macroeconomic effects of the Covid-19 pandemic, financial markets should also be handled in addition to the real sector. Investigating the changes in the stock market may give clues to analyze the effects of the pandemic on financial markets. The researches in question can be carried out for a country group or a single country. Studies that are conducted for a single country allow researchers to analyze problems more precisely and put forward more specific and convenient policy suggestions. Furthermore, while investigating the effect of the pandemic on stock markets, handling conventional and Islamic stock markets together can provide more comparative and realistic data in determining the policies regarding financial markets. The aim of the study is to examine the reaction of conventional and Islamic stock markets to the Covid-19 outbreak in Turkey. In the study, the DCC-GARCH method was applied by using the daily data from Feb 10, 2011 to Sep 02, 2020. The empirical results indicated that Islamic stock markets are more stable to the global Covid-19 outbreak shock than the conventional stock market in Turkey. Based on these findings it can be suggested that Turkey should take steps to support the development of the Islamic financial system to have a sounder financial system. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Finance Letters / Maliye Finans Yazıları Dergisi is the property of Maliye Finans Yazilari Yayimcilik Ltd. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Management & Economics Research is the property of Journal of Management & Economics Research and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

There has been a major change in the pension fund management approaches in recent years. This change had profound effects on how pension funds should design business models and investment functions. Thus, the perception of the pension funds about the capital market functions and how pension fund organizations should formulate their investment beliefs about adding value to their customers were prioritized. Investment beliefs mainly address the investment philosophy and strategic choices in investments that affect the future performance of a pension fund. In other words, they demonstrate what the main objectives of the pension fund are and how they aim to achieve these main objectives. Thus, the present study will initially discuss the theoretical meaning of pension fund investment beliefs, empirical studies on the topic will be reviewed, and recommendations for future studies will be presented. [ABSTRACT FROM AUTHOR]

Copyright of Itobiad: Journal of the Human & Social Science Researches / İnsan ve Toplum Bilimleri Araştırmaları Dergisi is the property of Itobiad: Journal of the Human & Social Science Researches and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Social Sciences & Humanities Researches is the property of Mugla Sitki Kocman University, Institute of Social Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Knowledge is briefly defined as the sum of what is known acquired through search, learning and observation. Asymmetric information, also known as "information failure", occurs when one party to an economic transaction possesses greater material knowledge than the other party. In some circumstances, asymmetric information may have genative consequences, such as adverse selection and moral hazard. Adverse selection is Derived from hidden nformation, while moral hazard is the result of hidden action. Moral hazard exists in many areas of the Daily life. Asymmetric information has been first defined in the economics. However, it is widely seen in Social life, media, politics, in particular everywhere in which information exchange is available. The lack of information about the responsibilities of the government officials is extremely important for the legal authorities who assing them in Public services and Private sector. Turkey has been undergoing drastic challenges and transformations in economy, Social life and politics for the last 40 years. On the other hand, these challenges have not been realized in organizational and managerial levels effectively. Contrarily, corruption, occlusion and degeneration have been continued in organizational and managerial areas. In this study, we aimed to investigate the situation of asymmetric information in politics and bureaucracy after financial markets, as well as inconveniences and countermeasures. [ABSTRACT FROM AUTHOR]

Insider trading, that harms trust in financial markets and changes the market mechanisms, is one of the most committed financial crimes by the white collars in recent years. In this paper, insider trading has been studied for the first time in tourism literature. Stock purchases and sell transactions of the directors and managers as well as personnel who works in tourism companies listed on New York Stock Exchange (NYSE) were descriptively studied. Within this framework, 32.205 purchases and sales by 1891 insiders who work at 227 tourism companies (containing accommodation, travel, recreation, food and beverage sectors listed on NYSE, spanning January 2008 - December 2016. As a result, insiders trade high volume of stocks and total number of transactions was at the highest level in the period following the year 2014 which has the highest average annual return in NYSE and the highest number and volume of shares were traded by the insiders in accommodation companies. The characteristics of the insiders' trades also differ among various managerial positions. [ABSTRACT FROM AUTHOR]

Copyright of Itobiad: Journal of the Human & Social Science Researches / İnsan ve Toplum Bilimleri Araştırmaları Dergisi is the property of Itobiad: Journal of the Human & Social Science Researches and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)