All Outputs (3)

Economic Growth and Financial Development: Evidence from Panel Cointegration Tests in Emerging Countries (2023)
Journal Article
Gültekin, M., & Umutlu, M. (2023). Economic Growth and Financial Development: Evidence from Panel Cointegration Tests in Emerging Countries. International Journal of Contemporary Economics and Administrative Sciences, 13(1), 101-126. https://doi.org/10.5281/zenodo.8332442

In This study analyzes the long-run relationship between economic growth (EG) and financial development (FD) in 27 emerging countries over the period 1980 to 2018 by employing the Johansen-Fisher panel cointegration method. The study also performs th... Read More about Economic Growth and Financial Development: Evidence from Panel Cointegration Tests in Emerging Countries.

Are return predictors of industrial equity indexes common across regions? (2023)
Journal Article
Bengitöz, P., & Umutlu, M. (2023). Are return predictors of industrial equity indexes common across regions?. Journal of Asset Management, 24, 396–418. https://doi.org/10.1057/s41260-023-00313-4

We investigate the potential cross-sectional relationship between several equity index attributes and future returns on country-industry indexes in the regions of North America, Europe, Asia-Pacific, South America, MENA, and Japan. Index attributes i... Read More about Are return predictors of industrial equity indexes common across regions?.

Market segmentation and international diversification across country and industry portfolios (2023)
Journal Article
Umutlu, M., Yargı, S. G., & Zaremba, A. (2023). Market segmentation and international diversification across country and industry portfolios. Research in International Business and Finance, 65, Article 101954. https://doi.org/10.1016/j.ribaf.2023.101954

We conjecture that partially segmented stock indexes that are characterized by low correlation with the world market are mainly priced by local factors and should produce abnormal returns relative to a global asset-pricing model. This implies a negat... Read More about Market segmentation and international diversification across country and industry portfolios.