Publication type: Article in scientific journal
Type of review: Peer review (publication)
Title: Market response to the addition and deletion of participation index : evidence from Turkey
Authors: Yildiz, Selim Baha
Dia-Eddine, Khaldoun
et. al: No
Published in: Journal of Islamic Economics, Banking and Finance
Volume(Issue): 12
Issue: 4
Pages: 211
Pages to: 224
Issue Date: 2019
Publisher / Ed. Institution: Islami Bank Training and Research Academy
ISSN: 2070-4658
2070-4666
Language: English
Subjects: Index addition; Index deletion; Participation index
Subject (DDC): 332: Financial economics
Abstract: This paper investigates the impact of index additions (deletions) on the stock price and trading volume of the Participation-30 Index in Turkey, over the period April 2011 – June 2015, by using event study methodology. Results show that stock prices generally respond negatively to index additions and positively to index deletions during the research periods. Trading volumes of added and deleted stocks are affected positively in the announcement day; while the effective day exhibits the exact opposite behaviour. According to our findings, results of Participation-30 Index in Turkey are similar to the non-Muslim countries’ results found in the previous studies.
URI: http://ibtra.com/pdf/journal/v12_n4_article8.pdf
https://digitalcollection.zhaw.ch/handle/11475/18585
Fulltext version: Published version
License (according to publishing contract): Licence according to publishing contract
Departement: School of Management and Law
Organisational Unit: International Management Institute (IMI)
Appears in collections:Publikationen School of Management and Law

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