Now showing items 1-2 of 2

  • Art investment: hedging or safe haven through financial crises 

    Authors:Öztürkkal, Belma; Toğan-Eğrican, Aslı
    Publisher and Date:(Springer, 2020)
    We analyze long-term art auction sales data focusing on and around financial crisis periods with other investment returns to understand whether art can be considered a safe haven during volatile times or a hedging option in general by analyzing art auction data in a volatile emerging market. Our findings suggest Turkish art returns are either negatively correlated or at low correlation with other investments, including the equity market. We have the view that art can be considered a hedging mechanism ...

  • The impact of short selling on intraday volatility: evidence from the Istanbul stock exchange 

    Authors:Çankaya, Serkan; Eken, Mehmet Hasan; Ulusoy, Veysel
    Publisher and Date:(IEEE, 2012)
    This paper examines the interrelation between short selling and volatility as differing from previous research in that it focuses on intraday activities rather than the daily price movements. We demonstrate that the effects of short selling activity changes during the two sessions of the day and rest of trading hours. The study also presents evidence that there is a considerable amount of short selling activity in the Istanbul Stock Exchange (ISE) particularly at the beginning of opening sessions ...