M Hakan Berument

Biographic Data

ID7543537
NAMEM Hakan Berument
GIVEN NAMESM Hakan
FAMILY NAMEBerument
SIGNATUREBERUMENT M H
AFFILIATIONSBilkent University
VERIFIEDNo
TOTAL WORKS8
TOTAL CITATIONS2
WORKS AS AUTHOR8
WORKS AS EDITOR0
FIRST PUBLICATION YEAR2009
LATEST PUBLICATION YEAR2026
H-INDEX1

  • Monetary policy surprises and exchange rate pass-through

    Serdar Varlık, Mehmet Öbekcan et al.ARTICLEMiddle East Development Journal2026

    This paper provides evidence of how positive and negative monetary policy surprises affect exchange rate pass-through (ERPT) for the CPI inflation rate and its 12 subcomponents by using the state space model with monthly data from January 2013 to December 2023 for Türkiye. The empirical findings from the CPI inflation rate and its subcomponents show that a looser-than-expected monetary policy affects ERPT more than a tighter-than-expected monetar…

  • Syrian refugees to Europe

    Ruya Karci, Nükhet Doğan et al.ARTICLEMiddle East Development Journal2022

    The conflict and violence in the Syrian Arab Republic have led to an increase in Syrians seeking asylum in European countries. In this study, asylum applications of Syrian refugees to European countries are examined, taking into account the geographical neighborhood effects, with annual data for the time period from 2009 to 2018. This paper also aims to compare asylum applications of Syrian to non-Syrian refugees. The estimation results suggest t…

  • Three-factor asset pricing model and portfolio holdings of foreign investors

    Open AccessNildağ Başak Ceylan, Burak Doğan et al.ARTICLEEconomic Research-Ekonomska…2015

    This article contributes to the asset pricing literature by offering an alternative \nmissing factor: the excess holdings of foreign investors. To incorporate this factor, \nwe mimic the portfolio of foreign investors in Borsa Istanbul (BIST) with respect to \nportfolio preferences (foreign ownership) using the Fama and French’s three-factor \nmodel. Our findings suggest that market factor, size, and book-to-market (B/M) \nvariables are still sta…

  • Soccer and Stock Market Risk

    Hakan Berument, M Hakan Berument et al.ARTICLEPsychological Reports2013

    There is an emerging but important literature on the effects of sport events such as soccer on stock market returns.After a soccer team's win, agents discount future events more favorably and increase risk tolerance.Similarly, after a loss, risk tolerance decreases.This paper directly assesses risk tolerance after a sports event by using daily data from the three major soccer teams in Turkey (Beşiktaş, Fenerbahçe and Galatasaray).Results provide …

  • Soccer and Stock Market Risk

    Open AccessHakan Berument, M Hakan Berument et al.ARTICLEPsychological Reports2013

    There is an emerging but important literature on the effects of sport events such as soccer on stock market returns. After a soccer team's win, agents discount future events more favorably and increase risk tolerance. Similarly, after a loss, risk tolerance decreases. This paper directly assesses risk tolerance after a sports event by using daily data from the three major soccer teams in Turkey (Beşiktaşç Fenerbahge and Galatasaray). Results prov…

  • Effects of soccer on stock markets

    Open AccessHakan Berument, M Hakan Berument et al.ARTICLEThe Social Science Journal2012Cited by: 1References: 2

    This paper assesses the effects of domestic soccer teams’ performances against foreign rivals on stock market returns as well as on the return–volatility relationship. Data from Chile, Spain, Turkey and the United Kingdom support propositions that soccer teams results in international cups affect stock market returns and the return–volatility relationship. Evidence from Spain and the UK, soccer powerhouses, suggests that losses are associated wit…

  • Effects of Daylight Savings Time Changes on Stock Market Volatility

    Open AccessHakan Berument, M Hakan Berument et al.ARTICLEPsychological Reports2010

    The presence of daylight savings time effects on stock returns and on stock volatility was investigated using an EGARCH specification to model the conditional variance. The evidence gathered from the major United States stock markets for the period between 1967 and 2007 did not support the existence of the daylight savings time effect on stock returns or on volatility. Returns on the first business day following daylight savings time changes were…

  • Soccer, stock returns and fanaticism

    Open AccessHakan Berument, M Hakan Berument et al.ARTICLEThe Social Science Journal2009Cited by: 1References: 1

    This paper assesses the effect of three major soccer teams’ wins on the returns of the Istanbul Stock Exchange (ISE). We argue that the effect of soccer wins on ISE returns increases with the fanaticism of the teams’ supporters