Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange = Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange / İstanbul Menkul Kıymetler Borsasında Yatırımcı Duyarlılığı Göstergesi Olarak İşlem Hacmi Trendi
This study relates the changes of trading volume to investor sentiment, and investigates its ability in predicting stock returns. Investor sentiment is the enthusiasm of irrational investors on an asset, relative to that of rational investors. Having investigated the effects of Investor Sentiment on...
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Dogus University
2012-11-01
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Series: | Doğuş Üniversitesi Dergisi |
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Online Access: | http://journal.dogus.edu.tr/index.php/duj/article/view/305 |
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doaj-cb5a97f433fe40428ec33e695fae69fc2020-11-24T23:54:30ZengDogus UniversityDoğuş Üniversitesi Dergisi1302-67391308-69792012-11-01132290300Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange = Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange / İstanbul Menkul Kıymetler Borsasında Yatırımcı Duyarlılığı Göstergesi Olarak İşlem Hacmi TrendiOktay TAŞÖzgüç AKDAĞThis study relates the changes of trading volume to investor sentiment, and investigates its ability in predicting stock returns. Investor sentiment is the enthusiasm of irrational investors on an asset, relative to that of rational investors. Having investigated the effects of Investor Sentiment on Stock Prices, Baker and Stein argued that an increase in trading volume reflects a rise in investor sentiment, which can be defined as the change in trading volume per unit of time; called the trading volume trend, it can be used as a measure of investor sentiment on individual stocks. This work aims to find out the volume trend characteristics of all listed equities in the Istanbul Stock Exchange. Results suggest that almost all beta coefficients of volume trend values have positive signs, which reflects the positive contribution of volume changes on the corresponding stock returns.http://journal.dogus.edu.tr/index.php/duj/article/view/305Investor SentimentVolume TrendBehavioral FinanceYatırımcı duyarlılığıHacim TrendiDavranışsal Finans |
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DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
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Oktay TAŞ Özgüç AKDAĞ |
spellingShingle |
Oktay TAŞ Özgüç AKDAĞ Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange = Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange / İstanbul Menkul Kıymetler Borsasında Yatırımcı Duyarlılığı Göstergesi Olarak İşlem Hacmi Trendi Doğuş Üniversitesi Dergisi Investor Sentiment Volume Trend Behavioral Finance Yatırımcı duyarlılığı Hacim Trendi Davranışsal Finans |
author_facet |
Oktay TAŞ Özgüç AKDAĞ |
author_sort |
Oktay TAŞ |
title |
Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange = Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange / İstanbul Menkul Kıymetler Borsasında Yatırımcı Duyarlılığı Göstergesi Olarak İşlem Hacmi Trendi |
title_short |
Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange = Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange / İstanbul Menkul Kıymetler Borsasında Yatırımcı Duyarlılığı Göstergesi Olarak İşlem Hacmi Trendi |
title_full |
Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange = Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange / İstanbul Menkul Kıymetler Borsasında Yatırımcı Duyarlılığı Göstergesi Olarak İşlem Hacmi Trendi |
title_fullStr |
Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange = Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange / İstanbul Menkul Kıymetler Borsasında Yatırımcı Duyarlılığı Göstergesi Olarak İşlem Hacmi Trendi |
title_full_unstemmed |
Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange = Trading Volume Trend As the Investor’s Sentiment Indicator in Istanbul Stock Exchange / İstanbul Menkul Kıymetler Borsasında Yatırımcı Duyarlılığı Göstergesi Olarak İşlem Hacmi Trendi |
title_sort |
trading volume trend as the investor’s sentiment indicator in istanbul stock exchange = trading volume trend as the investor’s sentiment indicator in istanbul stock exchange / i̇stanbul menkul kıymetler borsasında yatırımcı duyarlılığı göstergesi olarak i̇şlem hacmi trendi |
publisher |
Dogus University |
series |
Doğuş Üniversitesi Dergisi |
issn |
1302-6739 1308-6979 |
publishDate |
2012-11-01 |
description |
This study relates the changes of trading volume to investor sentiment, and investigates its ability in predicting stock returns. Investor sentiment is the enthusiasm of irrational investors on an asset, relative to that of rational investors. Having investigated the effects of Investor Sentiment on Stock Prices, Baker and Stein argued that an increase in trading volume reflects a rise in investor sentiment, which can be defined as the change in trading volume per unit of time; called the trading volume trend, it can be used as a measure of investor sentiment on individual stocks. This work aims to find out the volume trend characteristics of all listed equities in the Istanbul Stock Exchange. Results suggest that almost all beta coefficients of volume trend values have positive signs, which reflects the positive contribution of volume changes on the corresponding stock returns. |
topic |
Investor Sentiment Volume Trend Behavioral Finance Yatırımcı duyarlılığı Hacim Trendi Davranışsal Finans |
url |
http://journal.dogus.edu.tr/index.php/duj/article/view/305 |
work_keys_str_mv |
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