Sendi̇kasyon Kredi̇si̇ Kullanim Duyurularinin Bankalarin Hi̇sse Senedi̇ Geti̇ri̇leri̇ne Etki̇si̇

Sarıgül, Haşmet

doi:10.14784/jfrs.82480

Cited by 9 publications

(5 citation statements)

References 7 publications

(11 reference statements)

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“…These evidences from international stock exchanges are robust to effects of news on stocks. In addition to that, the findings of the studies regarding Turkish stock market are consistent with our main conclusions (Sarıgül, 2015;Eyüboğlu&Bulut, 2015;Gok&Topuz, 2016).…”

Section: Discussionsupporting

confidence: 89%

Kredi̇ Derecelendi̇rme Kuruluşlarinin Ve Ekonomi̇ İle İlgi̇li̇ Haberleri̇n Hi̇sse Senedi̇ Pi̇yasasinda Yarattiği Volati̇li̇te

CİNGOZ

NAL

2021

19 Mayıs Sosyal Bilimler Dergisi

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The study aims to identify volatility in the banking sector and general market related to some different types of announcements. Totally 103 announcements are clustered considering their sentiment and source. Daily closing values of banking and market indices, XBANK and BIST100, are included in the dataset which spans from the beginning of January 2018 to the end of March 2019. Series of ordinary least squares (OLS) regressions are applied to evaluate the reaction of the indices to the announcements for each event type. Findings indicate that the banking sector is not affected by the announcements released by the government. Announcements of credit rating agencies carry an informative value and play an important role in volatility. Furthermore, the relationship between economic indicators and volatility exists for the national market. As an interesting finding, investors tend to react 2 days before to the announcements belonging to Standard & Poor's and Fitch.

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Section: Discussionsupporting

confidence: 89%

Kredi̇ Derecelendi̇rme Kuruluşlarinin Ve Ekonomi̇ İle İlgi̇li̇ Haberleri̇n Hi̇sse Senedi̇ Pi̇yasasinda Yarattiği Volati̇li̇te

CİNGOZ

NAL

2021

19 Mayıs Sosyal Bilimler Dergisi

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“…Although studies on this subject are limited in the literature, it is seen that current studies aim to measure the reaction of the stock market to syndication announcements (Megginson, Poulsen & Sinkey, 1995;Çukur, Eryiğit & Duran, 2008;Godlewski, Fungáčová & Weill, 2011;Godlewski, 2014;Sarıgül, 2015;Sakarya & Sezgin, 2015;Marshall, McCann & McColgan, 2018). The results of these studies show that the syndication loan announcements, in general, have a positive effect on the stock market.…”

Section: Literaturementioning

confidence: 99%

Sendi̇kasyon Kredi̇leri̇ İle Hi̇sse Senedi̇ Pi̇yasasi Hareketleri̇ Arasindaki̇ İli̇şki̇ni̇n Anali̇zi̇: Türki̇ye Örneği̇

Tekin

2020

Muhasebe Ve Finans İncelemeleri Dergisi

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Syndicated loans are a special kind of credit agreement where a large number of banks from different countries can participate. Syndicated loans are an essential source of external funding, especially for developing countries. Syndicated loan reflects the trust of international financial institutions (sources of funds) and markets in banks and the banking sector. The banks that participate in the loan and amount of loan are also taken into consideration by the investors. According to the efficient market hypothesis, it is assumed that the new information about the companies will affect the stock value. In this context, syndicated loans are likely to lead to changes in stocks. In this study, the possible relationship between the total syndicated loans provided by the banking sector and the equity markets was investigated in Turkey. In this context, the data obtained from the Banking Regulation and Supervision Agency and Borsa İstanbul and the Granger Causality, Johansen Cointegration, and VECM analyzes were performed. Results show that there are short and long-run relations between variables. This relationship, which is bi-directional between the banking index and syndicated loans, is negative in the long-run. The relationship between BIST100 and the use of the syndicated loan is positive but double-sided.

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“…Çalışma sonucunda beklenmeyen politik olaylara ait duyuruların pay getirileri üzerinde etki oluşturduğu tespit edilmiştir. Sarıgül (2015), bankaların kullandıkları sendikasyon kredileri ile ilgili açıklamaların pay getirileri üzerindeki etkisini araştırmıştır. 2006 ile 2013 yılları arasındaki dönem araştırmaya dâhil edilmiş ve olay çalışması yöntemi uygulanmıştır.…”

Section: Literatür öZetiunclassified

Vergi Cezalarına İlişkin Duyuruların Banka Pay Getirilerine Etkisinin Araştırılması

Yakar¹,

Elbir²,

Kandir³

2021

Maliye Finans Yazıları

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Penalties are imposed for unlawful acts under Tax Procedure Law numbered 213. Administrative fine is imposed for misdemeanor in the form of loss of tax revenue and tax-related irregularity. Public banks announce tax penalty information via Public Disclosure Platform. In this study, impact of 13 tax penalty announcements of 5 Borsa Istanbul banks during 2012-2018 period on banks' stock returns is examined by event study methodology. Empirical findings suggest that tax penalty announcements do not have a significant impact on stock returns of the banks. This finding implies that stock market appears to be efficient in semi-strong form.

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Sendi̇kasyon Kredi̇si̇ Kullanim Duyurularinin Bankalarin Hi̇sse Senedi̇ Geti̇ri̇leri̇ne Etki̇si̇

Cited by 9 publications

References 7 publications

Kredi̇ Derecelendi̇rme Kuruluşlarinin Ve Ekonomi̇ İle İlgi̇li̇ Haberleri̇n Hi̇sse Senedi̇ Pi̇yasasinda Yarattiği Volati̇li̇te

Kredi̇ Derecelendi̇rme Kuruluşlarinin Ve Ekonomi̇ İle İlgi̇li̇ Haberleri̇n Hi̇sse Senedi̇ Pi̇yasasinda Yarattiği Volati̇li̇te

Sendi̇kasyon Kredi̇leri̇ İle Hi̇sse Senedi̇ Pi̇yasasi Hareketleri̇ Arasindaki̇ İli̇şki̇ni̇n Anali̇zi̇: Türki̇ye Örneği̇

Vergi Cezalarına İlişkin Duyuruların Banka Pay Getirilerine Etkisinin Araştırılması

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