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Co-movement dynamics of sustainability indices: investigating the diversification opportunities through FTSE4Good index family and Borsa Istanbul sustainability index

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dc.creator Duranay, Serhat
dc.creator GÖK, İbrahim Yaşar
dc.creator Uzunoglu Unlu, Hande
dc.date 2019-12-02T01:00:00Z
dc.date.accessioned 2020-10-06T10:47:39Z
dc.date.available 2020-10-06T10:47:39Z
dc.identifier 88ed879d-f61b-4dea-80d1-ea27e2eb07dd
dc.identifier 10.1108/srj-02-2019-0073
dc.identifier https://avesis.sdu.edu.tr/publication/details/88ed879d-f61b-4dea-80d1-ea27e2eb07dd/oai
dc.identifier.uri http://acikerisim.sdu.edu.tr/xmlui/handle/123456789/65589
dc.description Purpose This study aims to investigate the international portfolio diversification opportunities provided by Turkish sustainable firms to international socially responsible investors. Design/methodology/approach The Borsa Istanbul Sustainability Index (XUSRD) and FTSE4Good index family daily data for the period of 11/04/2014-12/31/2017 is used and the DCC-GARCH model is applied to explore the dynamic correlation linkages. Findings The results indicate that co-movements between XUSRD and FTSE4Good indices are time-varying and generally display a low level. While the highest average conditional correlation value was observed between XUSRD and Developed 100 index, the lowest one was between XUSRD and FTSE4Good Japan index.
dc.language eng
dc.rights info:eu-repo/semantics/closedAccess
dc.title Co-movement dynamics of sustainability indices: investigating the diversification opportunities through FTSE4Good index family and Borsa Istanbul sustainability index
dc.type info:eu-repo/semantics/article


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