Demokrasinin Sermaye Piyasaları Üzerinde Etkisi: OECD Ülkeleri Üzerine Bir İnceleme

Osman Emre ARLI; Erkan POYRAZ; Hatice Hicret ÖZKOÇ

Makale detayları

Demokrasinin Sermaye Piyasaları Üzerinde Etkisi: OECD Ülkeleri Üzerine Bir İnceleme

Yazarlar:

Osman Emre ARLI | Erkan POYRAZ | Hatice Hicret ÖZKOÇ

Yayıncı:

İdeal Kent Yayınları

Ana Başlıklar:

Genel yönetim

Dergi:

OPUS International Journal of Society Researches 2019 Vol.14 Issue 20, pp.572-593

Belge Tipi:

Makale

Yayın Tarihi:

12/2019

Belge Dili:

Türkçe

Document ID (Org No.):

2000545209

Sıklık:

İki Aylık

eISSN:

2791-9862

Özet:

 


In this study, the effects of
democracy on capital markets are examined empirically. It is thought that the
level of democratic governance of the country may be related to the stock
market indices which are indicative in the capital market. Three important
studies are carried out to determine the demoracras levels of the countries. These
studies are based on the index of democracy of the Economic Intelligence Unit
(EIU) of The Economist, which is an indicator of the level of democracy of the
countries. For the capital markets of the countries, the stock market index is
considered as an indicator. In this research, the member countries of the
Organization for Economic Co-operation and Development (OECD) were selected and
a panel of data was created from the annual data for 2010-2018. This panel data
created respectively; Hausman test, inter-unit correlation tests, panel unit
root test, Westerlund (2008) panel cointegration analysis and panel ARDL
estimator were analyzed. As a result of the analyzes, it has been revealed that
democracy and stock market index are cointegrated, there is a long term
relationship between democracy and stock market index and it cannot be
mentioned that there is a relationship in short term.


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Makale detayları

Demokrasinin Sermaye Piyasaları Üzerinde Etkisi: OECD Ülkeleri Üzerine Bir İnceleme

Yazarlar: Osman Emre ARLI | Erkan POYRAZ | Hatice Hicret ÖZKOÇ

Yayıncı: İdeal Kent Yayınları

Ana Başlıklar: Genel yönetim

Dergi: OPUS International Journal of Society Researches 2019 Vol.14 Issue 20, pp.572-593

Belge Tipi: Makale

Yayın Tarihi: 12/2019

Belge Dili: Türkçe

Document ID (Org No.): 2000545209

Sıklık: İki Aylık

eISSN: 2791-9862

Sayı

Yazarlar:

Osman Emre ARLI | Erkan POYRAZ | Hatice Hicret ÖZKOÇ

Yayıncı:

İdeal Kent Yayınları

Ana Başlıklar:

Genel yönetim

Dergi:

OPUS International Journal of Society Researches 2019 Vol.14 Issue 20, pp.572-593

Belge Tipi:

Makale

Yayın Tarihi:

12/2019

Belge Dili:

Türkçe

Document ID (Org No.):

2000545209

Sıklık:

İki Aylık

eISSN:

2791-9862