TY  - JOUR
TI  - Macroeconomic Variables and Sector-Specific Returns: Evidence from Turkish Stock Exchange Market
AB  - This study investigates the impact of macroeconomic variable shocks on industrial and financial stock returnsin Borsa Istanbul. To this end, we use the generalized forecast error variance decompositions and generalizedimpulse responses. The results show that inflation, the growth rate of the money supply, and the exchange rateprovide significant information for forecasting industrial and financial stock market volatility. Industrialproduction (IP) growth does not provide significant information for financial sector investors. The study extends our understanding of sectoral stock market behavior in a developing country.
AU  - Sivrikaya, Ayşen
PY  - 2021
JO  - Gaziantep Üniversitesi Sosyal Bilimler Dergisi
VL  - 20
IS  - 1
SN  - 1303-0094
SP  - 72
EP  - 89
DB  - TRDizin
UR  - http://search/yayin/detay/459391
ER  -