THE EFFECT OF INFORMATION IN CAPITAL MARKETS:BİST 30 APPLICATION
SERMAYE PİYASALARINDA BİLGİ ETKİSİ: BİST 30 UYGULAMASI

Author : Ahmet BAYRAKTAR
Number of pages : 271-293

Abstract

Information efficiency is defined as market prices reflecting information accurately and quickly and thus, creating the correct value of the asset. In this study, the effect of the information on the price and transaction volume of stocks traded in BIST U 30 Index between 2017-2018 is examined. According to the results of the study, new information on the market has an impact on the price and transaction volume of stocks. Stocks prices, on the basis of days, increase in positive information on announcement dates and decrease in negative information. The transaction volume is increasing in the positive information, the date of announcement and the period after the announcement date. On the other hand, there is a limited increase in negative information.

Keywords

Price and Volume, Information Effect, Efficient Market Hypothesis

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