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dc.contributor.authorKarakaya, Aykut
dc.contributor.authorKutlu, Melih
dc.date.accessioned2024-05-02T07:33:40Z
dc.date.available2024-05-02T07:33:40Z
dc.date.issued2024en_US
dc.identifier.citationKarakaya, A: & Kutlu, M. (2024). Heterogeneous Market Hypothesis in Major European Stock Exchanges. Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty, 11(1), 134-152. https://doi.org/10.30798/makuiibf.1220275en_US
dc.identifier.issn2149-1658
dc.identifier.urihttps://doi.org/10.30798/makuiibf.1220275
dc.identifier.urihttps://hdl.handle.net/11436/8949
dc.description.abstractThe aim of this study is to investigate heterogeneous market efficiency in European stock exchanges using Augmented HAR-RV model. According to the heterogeneous market efficiency hypothesis, investors create portfolios according to different time horizons and different market situations may arise in the reflection of information on price. We find evidence of the validity of the heterogeneous market efficiency model in European stock exchanges. Investors interpret information differently at different time horizons. Medium- and long-term investment decisions are a major influence. These results help explain the volatility that may occur in different time horizons. Portfolio diversification should also be made according to different investments in different horizons. Short-term global volatility shock has been effective on European stock markets.en_US
dc.language.isoengen_US
dc.publisherBurdur Mehmet Akif Ersoy Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectHeterogeneous market hypothesisen_US
dc.subjectEuropean stock exchangesen_US
dc.subjectRealized volatilityen_US
dc.subjectHAR Modelen_US
dc.titleHeterogeneous market hypothesis in major european stock exchangesen_US
dc.typearticleen_US
dc.contributor.departmentRTEÜ, İktisadi ve İdari Bilimler Fakültesi, İşletme Bölümüen_US
dc.contributor.institutionauthorKarakaya, Aykut
dc.identifier.doi10.30798/makuiibf.1220275en_US
dc.identifier.volume11en_US
dc.identifier.issue1en_US
dc.identifier.startpage134en_US
dc.identifier.endpage152en_US
dc.relation.journalJournal of Mehmet Akif Ersoy University Economics and Administrative Sciences Facultyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US


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