Risk Taking Tendencies of Securities Investors

Abdulkadir Kaya

Journal of BRSA Banking and Financial Markets, 2021, vol. 15, issue 2, 261-287

Abstract: As an indicator of the concept of risk, which is one of the most important factors in financial investment decisions, the Risk Appetite Index is prepared by the Central Registry Agency for different types of investors. In this study, the relationship between Foreign, Domestic, Domestic Real and Domestic Legal Investor Risk Appetite Indices has been examined. Analyzes were carried out with VAR models created with weekly data for the period 04.01.2008-07.08.2020. It is concluded that the variables act together in the long run and all risk appetite index pairs have mutual causality with each other. In addition, it has been determined that the variables are effective with 3.5% shocks in about two weeks and all types of investors are affected by the Foreign Investor risk appetite by an average of 80%.

Keywords: Risk appetite index; Borsa istanbul; Granger causality; Impact-response; Variance decomposition. (search for similar items in EconPapers)
JEL-codes: G32 G40 G41 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:bdd:journl:v:15:y:2021:i:2:p:261-287

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