| 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 |
| Page(s): | 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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Yildiz, S. B., & Dia-Eddine, K. (2019). Market response to the addition and deletion of participation index : evidence from Turkey. Journal of Islamic Economics, Banking and Finance, 12(4), 211–224. http://ibtra.com/pdf/journal/v12_n4_article8.pdf
Yildiz, S.B. and Dia-Eddine, K. (2019) ‘Market response to the addition and deletion of participation index : evidence from Turkey’, Journal of Islamic Economics, Banking and Finance, 12(4), pp. 211–224. Available at: http://ibtra.com/pdf/journal/v12_n4_article8.pdf.
S. B. Yildiz and K. Dia-Eddine, “Market response to the addition and deletion of participation index : evidence from Turkey,” Journal of Islamic Economics, Banking and Finance, vol. 12, no. 4, pp. 211–224, 2019, [Online]. Available: http://ibtra.com/pdf/journal/v12_n4_article8.pdf
YILDIZ, Selim Baha und Khaldoun DIA-EDDINE, 2019. Market response to the addition and deletion of participation index : evidence from Turkey. Journal of Islamic Economics, Banking and Finance [online]. 2019. Bd. 12, Nr. 4, S. 211–224. Verfügbar unter: http://ibtra.com/pdf/journal/v12_n4_article8.pdf
Yildiz, Selim Baha, and Khaldoun Dia-Eddine. 2019. “Market Response to the Addition and Deletion of Participation Index : Evidence from Turkey.” Journal of Islamic Economics, Banking and Finance 12 (4): 211–24. http://ibtra.com/pdf/journal/v12_n4_article8.pdf.
Yildiz, Selim Baha, and Khaldoun Dia-Eddine. “Market Response to the Addition and Deletion of Participation Index : Evidence from Turkey.” Journal of Islamic Economics, Banking and Finance, vol. 12, no. 4, 2019, pp. 211–24, http://ibtra.com/pdf/journal/v12_n4_article8.pdf.
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