Sermaye Piyasası Enflasyon Teorisinin Analizi: Bankacılık Sektörü Üzerinden Türkiye Örneği
Analysis of Capital Market Theory of Inflation: The Case of Turkey through the Banking Sector
Author(s): Özgür ÖzkanSubject(s): Business Economy / Management, Methodology and research technology, Financial Markets, Accounting - Business Administration
Published by: İşletme Araştırmaları Dergisi
Keywords: Capital Market Inflation; Asset Price Inflation; ARDL Method; Financial Analysis; Financial Performance; BIST;
Summary/Abstract: Purpose – Based on Toporowski's (1999), this paper aims to analyze the movement of share prices in the Turkish banking sector and the relationship between this movement and the profitability of the financial sector. Design/methodology/approach – ARDL was used as the analysis method in this paper. In addition, Trend Analysis was used to knit the price trend of the BIST financial sector. Findings – The findings obtained are of a nature to support the capital market inflation theory. The Trend Analysis finding also supports the ARDL findings. Discussion – The monetary expansion policies implemented by the countries with the reserve currency, especially the Fed, against the adverse economic conditions created by the 2020 Covid-19 epidemic, did not create the desired expansion or expenditure flow in the goods market, but led to the excessive growth of the asset markets.
Journal: İşletme Araştırmaları Dergisi
- Issue Year: 14/2022
- Issue No: 2
- Page Range: 1201-1212
- Page Count: 12
- Language: Turkish