The Effect of Foreign Portfolio Investments in the ISE: An Index-Based Study
Istanbul Stock Exchange Review, 2011, vol. 12, issue 47, 1-18
Foreign shares in the market of the developing countries increased to significant levels with the financial globalization. Istanbul Stock Exchange (ISE) is the only stock market of Turkey. It is seen that the foreign investors are generally institutional investors; their shares fluctuate around 65-70% and sometimes exceed over 70 %. Depending on these two factors, it is obvious that the foreign investors have a significant effect on the ISE indexes. This study aims to determine whether a change in the foreign share have an effect on the increases and decreases of the indexes calculated in the ISE and to determine the influence. The foreign share in the ISE and 12 index variables calculated in the ISE were adopted as the data set. Consequently, it was determined that the foreign investor movements were generally not the triggering factor in the increases and decreases in the ISE-100 index and the other indexes; on the contrary, the foreign investor increased or decreased their investments by following the movements (increase/decrease) in the other indexes.
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bor:iserev:v:12:y:2011:i:47:p:1-18
Access Statistics for this article
More articles in Istanbul Stock Exchange Review from Research and Business Development Department, Borsa Istanbul Contact information at EDIRC.
Bibliographic data for series maintained by Ahmet Palu ().