img
img
Testing of the Relationship Between Metal Prices and Stock Prices Through Granger Causality Analysis: An Application in Borsa Istanbul    
Yazarlar (3)
Melek Acar
Selçuk Üniversitesi, Türkiye
Doç. Dr. Fatih GÜZEL Doç. Dr. Fatih GÜZEL
Kırşehir Ahi Evran Üniversitesi, Türkiye
Ramazan Aktaş
Tobb Ekonomi ve Teknoloji Üniversitesi, Türkiye
Devamını Göster
Özet
This study was conducted to determine the relationship between metal prices and stock prices. To this end, the interaction between the prices of gold, copper and silver and the stock prices of mining companies quoted on Borsa Istanbul was investigated. December 2014-May 2016 dollar-based data set was used in the study. Granger causality test was used to analyze the relationship between metal prices and stock prices. According to the findings obtained, a causality relationship was identified from copper prices towards stock prices. However, no such causality correlation could be found from the other metal prices towards stock prices.
Anahtar Kelimeler
Makale Türü Özgün Makale
Makale Alt Türü Diğer hakemli uluslarası dergilerde yayınlanan tam makale
Dergi Adı International Journal of Management and Applied Science
Dergi ISSN 2394-7926
Dergi Tarandığı Indeksler JOUR Informatics, Directory of Open Access Journals, Directory of Research Journals Indexing
Makale Dili İngilizce
Basım Tarihi 11-2016
Cilt No 2
Sayı 11
Sayfalar 19 / 24
Makale Linki http://ijmas.iraj.in/volume.php?volume_id=314
Atıf Sayıları
Google Scholar 1

Paylaş