TY  - JOUR
TI  - The Impact of Political and Economic Developments on Stock Investors Decisions: Evidence from Turkey
AB  - The aim of this study is to determine whether political and economic developments influence the current investment decisions of BIST investors. Although Prospect Theory says that investors are rational, behavioral finance shows that investors cannot act rationally. This study contains evidence that political and economic developments increase individuals' irrational behavioral tendencies. The data set of the research was obtained from surveys made in Investing, MyNet Borsa, TredingView, Twitter, and blocks. In this context, an online survey was conducted with 576 active stock market investors. Five hypotheses created within the scope of the research were tested with the structural equation model. According to the results of the st,udy, H1, H2 and H4 hypotheses, which measure the effect of investment advice, election and presidential debates, and economic and political statements on investors' investment decisions, were accepted, while H3, H5 hypotheses, which measure the variables of self- efficacy, the state of the stock market, were rejected. Accordingly, while it was determined that the stock market situation and self-efficacy variables did not significantly affect investor behavior, it was concluded that investment advice, election and presidential debates, and economic and political statements had a significant and significant effect on investors' stock investments. Among these three variables, it was understood that the economic and political explanations (0.432) were the variable that most affected the investment decisions of the investors, followed by the election and presidential debates (0.226), and the investment recommendations (0.130) as the third.
AU  - Pilatin, Abdulmuttalip
DO  - 10.26745/ahbvuibfd.1179683
PY  - 2023
JO  - Ankara Hacı Bayram Veli Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi (Online)
VL  - 25
IS  - 2
SN  - 2667-405X
SP  - 511
EP  - 538
DB  - TRDizin
UR  - http://search/yayin/detay/1196901
ER  -