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| Title: | 經濟政策不確定性與地緣政治風險對股市市場收益的影響：以土耳其為例
Time-varying Impact of Economic Policy Uncertainty and Geopolitical Risk on Stock Market Returns: Evidence from Turkiye |
| Authors: | 孔家康
Kocabiyik, Ozkan |
| Contributors: | 郭維裕
Kuo, Wei-Yu
孔家康
Ozkan Kocabiyik |
| Keywords: | BIST-100股票指數回報率
經濟政策不確定性
地緣政治風險
線性回歸
土耳其
BIST-100 stock market returns
Economic policy uncertainty
Geopolitical risk
Linear regression
Turkiye |
| Date: | 2023 |
| Issue Date: | 2023-08-02 13:45:31 (UTC+8) |
| Abstract: | The research analyses the effect of global economic policy uncertainties and recent global and country-specific geopolitical risks on the monthly returns of BIST-100 stock index returns of Turkish stock market. The study takes into account local macroeconomic variables such as the consumer price index, exchange rate, and policy interest rate to find the true effect of predictive variables.
Data was collected from January 2010 to March 2023 and linear regression method was used to do the time series analysis. The results of the models shows that there is no statistically significant correlation between global economic policy uncertainty, recent geopolitical risks and country-specific geopolitical risk, and BIST-100 stock market returns in Turkiye. There is only a notable positive relationship was observed between the exchange rate and BIST-100 stock market returns. The research indicates that the investors of Turkish stock market are not sensitive to global or local political risks and global economic uncertainties.
Keywords: BIST-100 stock market returns, economic policy uncertainty, geopolitical risk, linear regression, Turkiye |
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| Description: | 碩士
國立政治大學
國際經營管理英語碩士學位學程(IMBA)
110933059 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0110933059 |
| Data Type: | thesis |
| Appears in Collections: | [國際經營管理英語碩士學程IMBA] 學位論文
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