{"id":4519,"date":"2019-07-26T10:42:20","date_gmt":"2019-07-26T07:42:20","guid":{"rendered":"https:\/\/www.berjournal.com\/?p=4519"},"modified":"2019-07-26T19:05:08","modified_gmt":"2019-07-26T16:05:08","slug":"impact-of-forward-looking-disclosures-on-stock-prices-evidence-from-borsa-istanbul","status":"publish","type":"post","link":"https:\/\/www.berjournal.com\/tr\/impact-of-forward-looking-disclosures-on-stock-prices-evidence-from-borsa-istanbul","title":{"rendered":"Gelece\u011fe Y\u00f6nelik De\u011ferlendirmelere \u0130li\u015fkin \u00d6zel Durum A\u00e7\u0131klamalar\u0131n\u0131n Pay Senedi Fiyatlar\u0131 \u00dczerindeki Etkisi: Borsa \u0130stanbul \u00d6rne\u011fi"},"content":{"rendered":"<p><\/p>\n<table style=\"font-family: Arial, serif; text-align: justify;\" width=\"534\" cellspacing=\"0\" cellpadding=\"7\">\n<tbody>\n<tr>\n<td style=\"color: #ffffff; font-weight: bold;\" valign=\"middle\" bgcolor=\"#0188a6\" width=\"534\" height=\"40\">Makale Bilgileri<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\" height=\"169\">\n<table border=\"0\" width=\"100%\" cellspacing=\"5\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"120\">Dergi:<\/td>\n<td>Business and Economics Research Journal<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Makalenin Ba\u015fl\u0131\u011f\u0131:<\/td>\n<td>Gelece\u011fe Y\u00f6nelik De\u011ferlendirmelere \u0130li\u015fkin \u00d6zel Durum A\u00e7\u0131klamalar\u0131n\u0131n Pay Senedi Fiyatlar\u0131 \u00dczerindeki Etkisi: Borsa \u0130stanbul \u00d6rne\u011fi<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Yazar(lar):<\/td>\n<td>Saim K\u0131l\u0131\u00e7<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Cilt:<\/td>\n<td>10<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Say\u0131:<\/td>\n<td>4<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Y\u0131l:<\/td>\n<td>2019<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">Sayfa:<\/td>\n<td>833-844<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">ISSN:<\/td>\n<td>2619-9491<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"0\">DOI Numaras\u0131:<\/td>\n<td>10.20409\/berj.2019.204<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"color: #ffffff; font-weight: bold;\" valign=\"middle\" bgcolor=\"#0188a6\" width=\"534\" height=\"40\">\u00d6z<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\">\u00c7al\u0131\u015fmada, Ocak 2014 \u2013 Ocak 2019 d\u00f6neminde paylar\u0131 Borsa \u0130stanbul\u2019da i\u015flem g\u00f6ren \u015firketler taraf\u0131ndan gelece\u011fe y\u00f6nelik de\u011ferlendirmeler kapsam\u0131nda yap\u0131lan \u00f6zel durum a\u00e7\u0131klamalar\u0131n\u0131n (bildirimlerin) pay senetleri fiyatlar\u0131 \u00fczerindeki etkisi incelenmi\u015ftir. Bu ama\u00e7la, s\u00f6z konusu d\u00f6nemde 23\u2019\u00fc olumlu nitelikte ve 20\u2019si olumsuz nitelikte olmak \u00fczere toplam 43 adet bildirim inceleme kapsam\u0131na al\u0131nm\u0131\u015f ve Olay \u00c7al\u0131\u015fmas\u0131 y\u00f6ntemi ile analiz edilmi\u015ftir. Ara\u015ft\u0131rma sonu\u00e7lar\u0131na g\u00f6re, ilk olarak, gelece\u011fe y\u00f6nelik de\u011ferlendirmelere ili\u015fkin bildirimlerin genel olarak pay senetlerinin getirisi ve yat\u0131r\u0131mc\u0131lar\u0131n kararlar\u0131 \u00fczerinde etkili oldu\u011funa dair istatistiksel olarak anlaml\u0131 bulgular elde edilmi\u015ftir. \u0130kinci olarak, olumlu nitelikteki bildirimlerin etkisi ile olumsuz nitelikteki bildirimlerin etkisi kar\u015f\u0131la\u015ft\u0131r\u0131lm\u0131\u015f olup; olumsuz bildirimlerin ilk etkisinin olumlu bildirimlerin ilk etkisinden daha g\u00fc\u00e7l\u00fc oldu\u011fu, buna kar\u015f\u0131l\u0131k olumsuz bildirimlerin etkisinin olumlu bildirimlerin etkisinden daha k\u0131sa s\u00fcrd\u00fc\u011f\u00fc g\u00f6r\u00fclm\u00fc\u015ft\u00fcr. \u00d6zellikle, olumlu bildirimlerin b\u00fcy\u00fck \u00e7o\u011funlu\u011funun a\u00e7\u0131klamadan itibaren be\u015f i\u015flem g\u00fcn\u00fcne kadar, olumsuz bildirimlerin b\u00fcy\u00fck \u00e7o\u011funlu\u011funun ise \u00fc\u00e7 i\u015flem g\u00fcn\u00fcne kadar fiyatlar \u00fczerinde etkili oldu\u011fu g\u00f6zlenmi\u015ftir.<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\" height=\"22\">\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" align=\"left\" valign=\"top\" width=\"120\">Anahtar Kelimeler:<\/td>\n<td>Gelece\u011fe Y\u00f6nelik De\u011ferlendirmeler, Gelece\u011fe D\u00f6n\u00fck Beklentiler, \u00d6zel Durum A\u00e7\u0131klamalar\u0131, Anormal Getiri, Olay \u00c7al\u0131\u015fmas\u0131<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"TOP\" bgcolor=\"#ffffff\" width=\"534\">\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td style=\"color: #0188a6; font-weight: bold;\" width=\"120\">JEL S\u0131n\u0131fland\u0131rmas\u0131:<\/td>\n<td>G14, G19<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr style=\"height: 5px; background-color: #0188a6; margin-top: 5px; margin-bottom: 5px;\" \/>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><table style=\"border: 0px solid #CCC;\" cellpadding=\"3\" width=\"100%\">\r\n  <tr>\r\n    <td width=\"35\">\r\n      <img decoding=\"async\" src=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" alt=\"https:\/\/www.berjournal.com\/tr\/wp-content\/uploads\/icons\/pdf.gif\" width=20 height=18>\r\n    <\/td>\r\n    <td>\r\n      <b> \r\n<a href=\"https:\/\/www.berjournal.com\/tr\/?file_id=603\">Tam Metin\r\n<\/b> ( <span style=\"font-weight:bolder;\">\u2193<\/span> 3064)<\/a>    <\/td>\r\n  <\/tr>\r\n<\/table>Tam Metin\r\n<\/b> ( <span style=\"font-weight:bolder;\">\u2193<\/span> 3064)<\/a>    <\/td>\r\n  <\/tr>\r\n<\/table><\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_4519\" class=\"pvc_stats all  \" data-element-id=\"4519\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z\" class=\"\"><\/path><\/svg><\/i> <img loading=\"lazy\" decoding=\"async\" width=\"16\" height=\"16\" alt=\"Loading\" src=\"https:\/\/www.berjournal.com\/wp-content\/plugins\/page-views-count\/ajax-loader-2x.gif\" border=0 \/><\/p>\n<div class=\"pvc_clear\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Makale Bilgileri Dergi: Business and Economics Research Journal Makalenin Ba\u015fl\u0131\u011f\u0131: Gelece\u011fe Y\u00f6nelik De\u011ferlendirmelere \u0130li\u015fkin \u00d6zel Durum A\u00e7\u0131klamalar\u0131n\u0131n Pay Senedi Fiyatlar\u0131 \u00dczerindeki Etkisi: Borsa \u0130stanbul \u00d6rne\u011fi Yazar(lar): Saim K\u0131l\u0131\u00e7 Cilt: 10 Say\u0131: 4 Y\u0131l: 2019 Sayfa: 833-844 ISSN: 2619-9491 DOI Numaras\u0131: 10.20409\/berj.2019.204 \u00d6z \u00c7al\u0131\u015fmada, Ocak 2014 \u2013 Ocak 2019 d\u00f6neminde paylar\u0131 Borsa \u0130stanbul\u2019da i\u015flem g\u00f6ren \u015firketler [&hellip;]<\/p>\n<div class=\"pvc_clear\"><\/div>\n<p id=\"pvc_stats_4519\" class=\"pvc_stats all  \" data-element-id=\"4519\" style=\"\"><i class=\"pvc-stats-icon medium\" aria-hidden=\"true\"><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"far\" data-icon=\"chart-bar\" role=\"img\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" class=\"svg-inline--fa fa-chart-bar fa-w-16 fa-2x\"><path fill=\"currentColor\" d=\"M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 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class=\"pvc_clear\"><\/div>\n","protected":false},"author":4638,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,1,7],"tags":[],"class_list":["post-4519","post","type-post","status-publish","format-standard","hentry","category-makale","category-manuscript","category-manuscript2"],"a3_pvc":{"activated":true,"total_views":128,"today_views":0},"_links":{"self":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/4519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/users\/4638"}],"replies":[{"embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/comments?post=4519"}],"version-history":[{"count":0,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/posts\/4519\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/media?parent=4519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/categories?post=4519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.berjournal.com\/tr\/wp-json\/wp\/v2\/tags?post=4519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}