An empirical study on determinants of external linkages of Turkish stock market under European Union accession conditions

Research output: Contribution to journalArticle

Abstract

We investigate the determinants of external linkages of Istanbul Stock Exchange with European Countries performing the multivariate cointegration analyses. Our data set includes for Istanbul stock exchange and 27 European Union member countries stock market indices and spanning from 1988 to 2008. Our finding indicates that foreign direct investment is the most important determinant of the external linkages of Istanbul stock exchange followed by bilateral trade.

Original languageEnglish
Pages (from-to)475-481
Number of pages7
JournalEuropean Journal of Social Sciences
Volume9
Issue number3
Publication statusPublished - Sep 2009

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stock exchange
stock market
determinants
direct investment
foreign investment

Keywords

  • Determinants of linkages
  • External linkages
  • Istanbul stock exchange
  • Multivariate cointegration

ASJC Scopus subject areas

  • Social Sciences(all)

Cite this

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title = "An empirical study on determinants of external linkages of Turkish stock market under European Union accession conditions",
abstract = "We investigate the determinants of external linkages of Istanbul Stock Exchange with European Countries performing the multivariate cointegration analyses. Our data set includes for Istanbul stock exchange and 27 European Union member countries stock market indices and spanning from 1988 to 2008. Our finding indicates that foreign direct investment is the most important determinant of the external linkages of Istanbul stock exchange followed by bilateral trade.",
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