Powered by OpenAIRE graph
Found an issue? Give us feedback
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ Bulletin of Economic...arrow_drop_down
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
Bulletin of Economic Theory and Analysis
Article . 2025 . Peer-reviewed
Data sources: Crossref
addClaim

Investigation of the Relationship between Technology Indices on Selected Stock Markets Using Johansen Cointegration Test

Authors: Ozan Kaymak;

Investigation of the Relationship between Technology Indices on Selected Stock Markets Using Johansen Cointegration Test

Abstract

New technological products and methods not only have the potential to increase efficiency but also force business processes to change. Globalization has increased the speed of development and dissemination of current technologies, and their impact has deepened. Business processes and financial assets in the finance sector are significantly affected by these developments. Additionally, the significant increase in the value of technology company stocks in recent years has attracted the attention of investors and researchers. The aim of this study is to investigate whether there is a cointegration relationship among the indices formed by the values of technology company stocks in different markets. The indices selected for examination are the NASDAQ 100 Technology TR (NTTR) from the United States, the iShares STOXX Europe 600 Technology UCITS (SX8PEX) from the European Union markets, and the FTSE TechMARK All Share (FTTASX) from the United Kingdom. Time series have been created based on the monthly closing values of selected indices between December 2018 and February 2024. The unit root test results showed that all series have a degree of stationarity of 1 (I=1). The potential cointegration relationships between the series were investigated using the Johansen Cointegration method, and specification tests were conducted. As a result of the study, it was determined that there is no significant cointegration relationship among the selected technology index series.

Related Organizations
  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
gold