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Citation - WoS: 3
Citation - Scopus: 3
The Effects of Japanese Economic Performance on Indonesia
(Routledge Journals, Taylor & Francis Ltd, 2006) Berument, Hakan; Ceylan, Nildag Basak; Vural, Bengisu
This paper assesses how Japanese economic performance affects the Indonesian economy for the 1988 to 2004 period. The empirical evidence provided here suggests that Japanese growth appreciates the local currency in real terms, decreases the inflation and increases growth. As a side issue, we also documented that real exchange rate depreciation accelerates inflation and decreases growth in Indonesia.
Citation - WoS: 27
Citation - Scopus: 29
Performance of Soccer on the Stock Market: Evidence From Turkey
(Routledge Journals, Taylor & Francis Ltd, 2006) Berument, Hakan; Ceylan, Nildag Basak; Gozpinar, Esin
This paper assesses the effect of soccer success on stock market returns for three major Turkish teams (Besiktas, Fenerbahce and Galatasaray) after certain characteristics of the stock market are controlled for. The empirical evidence presented here suggests that Besikta's win against foreign rivals in the Winner's Cup increases stock market returns. The same effect is not present for the other two big teams (Fenerbahce and Galatasaray). The day of the week effect on the stock market and the relationship between risk and return are also presented. (c) 2006 Elsevier Inc. All rights reserved.