The effect of technological developments on the stock market: evidence from emerging market

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dc.contributor.authorCelik, Mehmet Sinan
dc.contributor.authorOzturk, Mutlu Basaran
dc.contributor.authorHaykir, Ozkan
dc.date.accessioned2024-11-07T13:24:44Z
dc.date.available2024-11-07T13:24:44Z
dc.date.issued2024
dc.departmentNiğde Ömer Halisdemir Üniversitesi
dc.description.abstractThis study investigates the effect of High-Frequency Trading on stock liquidity and volatility in Borsa Istanbul, Turkey which is one of the largest emerging markets where high-frequency trading is newly developed. We employ a fixed effect panel estimation model with Driscoll and Kraay correction between January 2016 and December 2020. The finding shows that an increase in high-frequency trading increases the liquidity and volatility. Moreover, the results are similar before the pandemic period and rising market period, whereas the impact of high-frequency trading on liquidity disappears during the pandemic period.
dc.description.sponsorshipNigde Omer Halisdemir University [SBT 2022/3-LUTEP]
dc.description.sponsorshipThis research receives Graduate Thesis Project Grant from Nigde Omer Halisdemir University under the Grant number of SBT 2022/3-LUTEP.
dc.identifier.doi10.1080/13504851.2022.2128172
dc.identifier.endpage121
dc.identifier.issn1350-4851
dc.identifier.issn1466-4291
dc.identifier.issue2
dc.identifier.scopus2-s2.0-85139112917
dc.identifier.scopusqualityQ2
dc.identifier.startpage118
dc.identifier.urihttps://doi.org/10.1080/13504851.2022.2128172
dc.identifier.urihttps://hdl.handle.net/11480/14274
dc.identifier.volume31
dc.identifier.wosWOS:000861428500001
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherRoutledge Journals, Taylor & Francis Ltd
dc.relation.ispartofApplied Economics Letters
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_20241106
dc.subjectHigh-frequency trading
dc.subjectliquidity
dc.subjectvolatility
dc.subjectBorsa Istanbul
dc.titleThe effect of technological developments on the stock market: evidence from emerging market
dc.typeArticle

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