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Testing the Overreaction Hypothesis on the BIST30 Index and Dow Jones: The Case of the 2008 Financial Crisis Process*

Contemporary Issues in Business Economics and Finance

ISBN: 978-1-83909-605-1, eISBN: 978-1-83909-604-4

ISSN: 1569-3759

Publication date: 2 September 2020

Abstract

Findings – According to the ECM, the authors identified that the effect of short-term changes in the DJIA return in the monetary expansion period on BIST30 index return was higher than that in the monetary contraction period. However, according to the findings obtained from the CAR analysis results, the BIST30 index did not generally act in accordance with the ORH against the DJIA. Findings can be appreciated as a decision-making tool especially for investment specialists and investors interested in securities investments.

Keywords

Citation

Özen, E. and Tetik, M. (2020), "Testing the Overreaction Hypothesis on the BIST30 Index and Dow Jones: The Case of the 2008 Financial Crisis Process*", Grima, S., Özen, E. and Boz, H. (Ed.) Contemporary Issues in Business Economics and Finance (Contemporary Studies in Economic and Financial Analysis, Vol. 104), Emerald Publishing Limited, Bingley, pp. 217-234. https://doi.org/10.1108/S1569-375920200000104015

Publisher

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Emerald Publishing Limited

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