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The effect of foreign portfolio investments on stock returns: An application on ISE

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2006
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Abstract (EN)

The effect of FPI on capital markets has been investigated in many studies. It?sdetermined that FPI has positive effects on long-run economic development bycontributing positively on capital markets development. In these studies, since FPIprovides risk sharing and efficient resource allocation, FPI is found to be very importantfor local economies.In this thesis, it is investigated effects of FPI on stock returns. This effect is testedby using VAR method on ISE. The results does not show causality relationship betweenFPI and ISE 100 index return. But it is suggested that industrial production index causesFPI and stock returns.Key Words: Foreign Portfolio Inflows, Stock Return, ISE, VAR Analysis

Author

Emin Hüseyin Çetenak

How to Cite

Emin Hüseyin Çetenak (Master Thesis). The effect of foreign portfolio investments on stock returns: An application on ISE, 2006, Çukurova University.

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