Title of article :
Association between Borsa Istanbul indices, macroeconomic indicators and A type mutual funds: Granger causality tests from december 2005 to april 2012
Author/Authors :
Terzioğlu, Mustafa Akdeniz Üniversitesi - Korkuteli Meslek Yüksekokulu - Muhasebe ve Vergi Uygulamaları Programı, Turkey , Demir, Yusuf Süleyman Demirel Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - Turizm İşletmeciliği Bölümü, Turkey , Demirkan, Sebahattin Suffolk University - Sawyer Business School - Department of Accounting, USA
Abstract :
In this study, we look into the effects of macroeconomic indicators on total assets of 38 A-type mutual funds with complete monthly time series data that are traded in Borsa Istanbul (BIST) between December 2005 and April 2012 by using Granger Causality Test. Our Granger Causality tests’ results show that there are directional associations between some BIST Indices, macroeconomic indicators and 24 A-type funds’ total asset values.
Keywords :
A Type Mutual Funds , Open , Ended Mutual Funds , Borsa Istanbul (BIST) Indices , Macroeconomic Indicators , Granger Causality Test
Journal title :
Istanbul Business Research (IBR)
Journal title :
Istanbul Business Research (IBR)
