Ekrem Tufan

Do World Cup Football Matches Affect Istanbul Stock Exchange

This study documents whether investors performance and mood being affected football matches like other market-excluded factors or not. If this assumption consider as a truth then market prices could be affected substantially and market anomalies could be observed. It also means that an active trading strategy can be based on this anomaly and can be beaten market. This paper examines world cup football matches affect on the Istanbul Stock Exchange 100 (ISE100) Index returns and the weak form efficiency for ISE with a different approach. To test the market anomaly it will be used descriptive statistics and Mann-Whitney U Test.

Evaluation of Turkish Domestic and Foreign Banks By Using Financial Ratios

In banking system, being a domestic or foreign bank can be an especially important managerial success. In the literature, it has been claimed that foreign banks are more successful than domestic ones. The reason for this can be having more global knowledge and using more professional tactics in banking transactions. On the other hand, to be familiar with its societys culture can be an opportunity for domestic banks. In this study, Turkish banks have been evaluated with using financial ratios taking into consideration domestic and foreign equity. The banks have also been ranked according to success. To achieve this, principal components analysis and discriminant analysis have been applied.

Sand in My Eyes Fled Effect: An Evidence from Saudi Arabia

Psychological, cultural, religious and environmental factors affect human decisions and sometimes cause irrational behaviours. Even this is a common truth, traditional economics claims human is rational and many economic theories based on this idea. Behavioural Finance and Behavioural Economics go against this main assertion and postulates human has bounded rationality.

Does Human Stick on Reference Price (Anchoring Bias)? A Social Experiment on Tourism Sector

It has been searched Reference point bias between tourism educated people and others, men vs women, well educated people vs others and young vs seniors. The paper organized as follows: Data and methodology explains how data has been collected and describes the methodology. In the empirical results part, results of experiment as tables have been given. Last part is the conclusion and makes critics about the results. As a result we can report that reference price for sure has an effect on people. When companies advertise their prices, they should definitely give a reference prices to their potential customers but this reference prices should not exceed two prices. The best one is one reference price.