Investors’ reaction to litigation announcements by Capital Markets Board of Turkey

Simple item page
buir.advisorTanyeri, Ayşe Başak
dc.contributor.authorÖzçiçek, Mahmut Mustafa
dc.date.accessioned2019-09-17T13:17:29Z
dc.date.available2019-09-17T13:17:29Z
dc.date.copyright2019-09
dc.date.issued2019-09
dc.date.submitted2019-09-13
dc.descriptionCataloged from PDF version of article.en_US
dc.descriptionThesis (M.S.): Bilkent University, Department of Management, İhsan Doğramacı Bilkent University, 2019.en_US
dc.descriptionIncludes bibliographical references (leaves 63-65).en_US
dc.description.abstractI empirically investigate investors’ reaction to the litigations announcements published by Turkish Capital Markets Board (CMB). I use event study to analyze daily abnormal returns for significant market reactions. I compile a litigation announcements sample that spans 202 events of 145 unique stocks between January 20, 2012 and January 3, 2019. My findings show that investors perceive litigations announcements as bad news. Statistically significant negative responses happen both on event day and two days after, hinting difference in investor behavior. I find that the negative reaction to the news are significantly higher for corporations announcements than they are for individual announcements. The negative reaction is significantly higher for indictments announcements than they are for administrative fees.en_US
dc.description.provenanceSubmitted by Betül Özen (ozen@bilkent.edu.tr) on 2019-09-17T13:17:29Z No. of bitstreams: 1 10293807.pdf: 1509855 bytes, checksum: ea49c3693190ba4be11035760ac89515 (MD5)en
dc.description.provenanceMade available in DSpace on 2019-09-17T13:17:29Z (GMT). No. of bitstreams: 1 10293807.pdf: 1509855 bytes, checksum: ea49c3693190ba4be11035760ac89515 (MD5) Previous issue date: 2019-09en
dc.description.statementofresponsibilityby Mahmut Mustafa Özçiçeken_US
dc.format.extentix, 65 leaves ; 30 cm.en_US
dc.identifier.itemidBB105336
dc.identifier.urihttp://hdl.handle.net/11693/52446
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectCross-sectional studyen_US
dc.subjectEvent studyen_US
dc.subjectInsider tradingen_US
dc.subjectLitigationen_US
dc.subjectManipulationen_US
dc.titleInvestors’ reaction to litigation announcements by Capital Markets Board of Turkeyen_US
dc.title.alternativeSermaye Piyasaları Kurulu’nun idari para cezalarına ve suç duyurularına yatırımcıların tepkisien_US
dc.typeThesisen_US
thesis.degree.disciplineBusiness Administration
thesis.degree.grantorBilkent University
thesis.degree.levelMaster's
thesis.degree.nameMBA (Master of Business Administration)

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
10293807.pdf
Size:
1.44 MB
Format:
Adobe Portable Document Format
Description:
Full printable version
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Graduate School of Economics and Social Sciences