• About
  • Policies
  • What is open access
  • Library
  • Contact
Advanced search
      View Item 
      •   BUIR Home
      • University Library
      • Bilkent Theses
      • Theses - Department of Management
      • Dept. of Management - Master's degree
      • View Item
      •   BUIR Home
      • University Library
      • Bilkent Theses
      • Theses - Department of Management
      • Dept. of Management - Master's degree
      • View Item
      JavaScript is disabled for your browser. Some features of this site may not work without it.

      Common stock returns and inflation : an investigation of İstanbul Securities Exchange

      Thumbnail
      View / Download
      1.5 Mb
      Author(s)
      Caglı, R. T. Kartal
      Advisor
      Aydoğan, Kürşat
      Date
      1990
      Publisher
      Bilkent University
      Language
      English
      Type
      Thesis
      Item Usage Stats
      126
      views
      44
      downloads
      Abstract
      This study investigates the existence of a relaticriship cet^^ıc-eгı returris or. conmon stccks and expected inflation i' lurke.. Ihie relationship: is tested within the fram£?v^ork of Fishe- Effect wising a single ei.i£^tion rezression mcDdel. The regressior» pa.raniete'~E are tested tc see whether an increase in expectez inflatizn is accoTip£vnjer by an ec-ic.l increase in nominal returrs. leavi-i the real rate cznstarit. T^x? test results sho-j that, when actual inflation rates are used to proxy expected inflaticr. hypothesis of existence c* Fisher Effect on stock returns is rejected; arc that it fails to be rejected whien Box Jenkins red^esentatizr. of inflatioTi IS used as the proxy. The dichotoory is Sviderice c' t^ie fact that ihz test results for Fisher Effect c"e n)ctr-cco3ogy dependent, and thiat inferences on Fisher's Theor~y snould t>z made with cauticr..
      Keywords

      Fisher Effect
      Expected Inflation
      Adaptive Expectations
      Nominal vs real returns
      Box Jenkins hfethodology
      Stationer
      Permalink
      http://hdl.handle.net/11693/17314
      Collections
      • Dept. of Management - Master's degree 309
      Show full item record

      Browse

      All of BUIRCommunities & CollectionsTitlesAuthorsAdvisorsBy Issue DateKeywordsTypeDepartmentsCoursesThis CollectionTitlesAuthorsAdvisorsBy Issue DateKeywordsTypeDepartmentsCourses

      My Account

      Login

      Statistics

      View Usage StatisticsView Google Analytics Statistics

      Bilkent University

      If you have trouble accessing this page and need to request an alternate format, contact the site administrator. Phone: (312) 290 2976
      © Bilkent University - Library IT

      Contact Us | Send Feedback | Off-Campus Access | Admin | Privacy