BİST Şehir Endekslerinin Risk-Getiri Analizi Üzerine Bir İnceleme
This study has been motivated by the fact that the city indexes operating in the BIST are balanced in terms of risk-return. Unlike other studies, risk-return balance has been examined in this study using the financial asset market line. The average return, beta and slope beta values and the risk-fre...
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Veröffentlicht in: | Journal of Accounting & Finance / Muhasebe ve Finansman Dergisi 2018-10 (80) |
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Hauptverfasser: | , |
Format: | Artikel |
Sprache: | tur |
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Online-Zugang: | Volltext |
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Zusammenfassung: | This study has been motivated by the fact that the city indexes operating in the BIST are balanced in terms of risk-return. Unlike other studies, risk-return balance has been examined in this study using the financial asset market line. The average return, beta and slope beta values and the risk-free interest rate for the 2012-2017 period of 12 city indexes traded in the BIST were used. As a result of the analyzes made, it has been determined that XSKON, XSIST, XSISM, XSDNZ, XSANK, XSANT, XSBAL indices are overvalued, XSTKR, XSBUR, XSKOC, XSADA and XSKAY indices are underestimated in city indices. In this respect, the study offers the possibility of making an assessment in terms of investor investment decision making process by comparing the high and low returns of city indexes with the BIST 100 Index. |
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ISSN: | 1304-0391 2146-3042 |