The effects of market interest rate on Islamic Indices? An Heterogeneous Panel Data Analysis on Participation 30 Index Companies

Salih ÜLEV; Mücahit AYDIN

Makale detayları

The effects of market interest rate on Islamic Indices? An Heterogeneous Panel Data Analysis on Participation 30 Index Companies

Yazarlar:

Salih ÜLEV | Mücahit AYDIN

Yayıncı:

Research Center for Islamic Economics (ikam)

Ana Başlıklar:

Sosyoloji & antropoloji

Dergi:

Turkish Journal of Islamic Economics 2019 Vol.6 Issue 1, pp.35-50

Belge Tipi:

Makale

Yayın Tarihi:

2/2019

Belge Dili:

İngilizce

Document ID (Org No.):

2000840302

Sıklık:

İki Yıllık

eISSN:

2148-3809

Özet:

 


The aim of this article is to investigate the
inﬂuence of market interest rate on Participation 30 index companies. The
interest rate of Turkish goverment bonds traded in the secondary market were
used for representing market interest rate. The study uses a data panel of 41
Participation index companies from 2011 to 2017. Using LM
bootstrap panel cointegration test, we
obtain results showing that the market interest rate affects the stock prices
of P30 index companies. This effect is negative for ALBARAKA, KONYA, BAGFS, KOZAL and PRKME, but positive
for all other companies. The least affected company from market interest rate
is TTKOM, while the most affected company is LOGO. Moreover, it is noteworthy
that 5 of the 10 companies with the lowest long-run coefficient are operating
in the construction-raw material industry. 


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Makale detayları

The effects of market interest rate on Islamic Indices? An Heterogeneous Panel Data Analysis on Participation 30 Index Companies

Yazarlar: Salih ÜLEV | Mücahit AYDIN

Yayıncı: Research Center for Islamic Economics (ikam)

Ana Başlıklar: Sosyoloji & antropoloji

Dergi: Turkish Journal of Islamic Economics 2019 Vol.6 Issue 1, pp.35-50

Belge Tipi: Makale

Yayın Tarihi: 2/2019

Belge Dili: İngilizce

Document ID (Org No.): 2000840302

Sıklık: İki Yıllık

eISSN: 2148-3809

Sayı

Yazarlar:

Salih ÜLEV | Mücahit AYDIN

Yayıncı:

Research Center for Islamic Economics (ikam)

Ana Başlıklar:

Sosyoloji & antropoloji

Dergi:

Turkish Journal of Islamic Economics 2019 Vol.6 Issue 1, pp.35-50

Belge Tipi:

Makale

Yayın Tarihi:

2/2019

Belge Dili:

İngilizce

Document ID (Org No.):

2000840302

Sıklık:

İki Yıllık

eISSN:

2148-3809