Tiniç, Murat

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Tinic, Murat
Tiniç,M.
Murat Tiniç
T.,Murat
TINIÇ, Murat
Murat TINIÇ
Tinic,Murat
T., Murat
Tiniç, Murat
Tinic,M.
TINIÇ, MURAT
Murat, Tinic
MURAT TINIÇ
Tiniç, M.
M. Tiniç
Tiniç, MURAT
Job Title
Dr. Öğr. Üyesi
Email Address
murat.tinic@khas.edu.tr
Main Affiliation
International Trade and Finance
Status
Website
ORCID ID
0000-0002-5853-2961
Scopus Author ID
57130973600
Turkish CoHE Profile ID
Google Scholar ID
WoS Researcher ID
AAN-3337-2020
Scholarly Output

9

Articles

8

Citation Count

17

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0

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Subject: Risk

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Now showing 1 - 2 of 2
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    Article
    Citation - WoS: 0
    Citation - Scopus: 0
    A Note on Stock Market Response To Elections in the Post-Communist Countries of the European Union
    (Routledge Journals, Taylor & Francis Ltd, 2023) Tavsanli, Melike Betul; Tiniç, Murat; Tinic, Murat
    We examine the stock market response to parliamentary elections in post-communist countries of the European Union. We document that the long-term market response to an election is -200 basis points (bps). The response is symmetric across the ideology of the winner party. Moreover, we show that aggregate responses are driven by elections with policy uncertainty due to the transition of power across ideologies. The long-term market response to right (left) victories after left (right) governments is -500 bps (-600bps).
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    Article
    Citation - WoS: 1
    Citation - Scopus: 1
    Information Shocks and the Cross Section of Expected Returns
    (Elsevier, 2023) Savaser, Tanseli; Tiniç, Murat; Tinic, Murat
    This paper examines the risk premium associated with information shocks in equity markets. For all stocks traded on Borsa Istanbul between March 2005 and December 2020, we calculate information shocks as unanticipated information asymmetry by focusing on changes in the proportion of the effective spread attributable to adverse selection. Our results indicate a significant return premium for an information shock strategy. Specifically, the return premium associated with the zero-investment information shock portfolios is 72 basis points. After controlling for several factors, we then document a significant predictive relationship between information shocks and future returns. The predictive power and the return premium associated with the information shock strategy are stronger after the initiation of the BISTECH trading system, which enables heterogeneity across investors vis-a-vis trade execution latency. These results suggest that, after the introduction of fast trading, the risks associated with information shocks become systemically important in the cost of equity.Copyright & COPY; 2022 Borsa Istanbul Anonim S,irketi. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).