| Autor: |
Şükriye Gül Reis, Gönül Çifçi |
| Jazyk: |
English<br />Turkish |
| Rok vydání: |
2021 |
| Předmět: |
|
| Zdroj: |
Hitit Sosyal Bilimler Dergisi, Vol 14, Iss 2, Pp 536-555 (2021) |
| Druh dokumentu: |
article |
| ISSN: |
2757-7449 |
| DOI: |
10.17218/hititsbd.1024411 |
| Popis: |
This study investigated in what ways the stock market liquidity and the investor risk tolerance has a relation over the developed and developing countries. Seven developed and six developing countries were selected from the International Monetary Fund’s counrty list for the sample. Dataset was consisted of the stock markets’ weekly data. Some interesting outputs were gotten.The investors’ risk tolerance and the market liquidity had a long-run relation in the all markets. The variables moved together. However, the cointegration regression coefficients were different in the markets. The coefficients could be estimated just for the USA, UK and Indonesia within the confidence intervals. Neverthlessly, the variables did not have any relation in short-run in spite of the long-run relation. Those results implied other variable(s) may cause a long-run relation between the tolerance and liquidity. Also, the variable(s) may affect the markets not in same strength. It caused a positive and different degree relation in the USA and UK, while it was negative in Indonesia. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
|
