Türk Sermaye Piyasası: Yerel veya Uluslararası Risk Dağıtımı

Date

1995

Author

Akdoğan, Haluk
Akdoğan, Nevin

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We fail to accept the hypothesis that the Turkish securities market is integrated to a benchmark international capital market. Local exchange in Turkey does not offer premium for international sources of systematic risk and the assets are priced as if the market is segmented from the rest of the world. Since major capital controls against the investors' country of origin have been abolished in Turkey, our results also suggest that indirect barriers are important sources of segmentation.

URI

https://hdl.handle.net/11511/112373

Collections

Department of Economics, Article