Relationship between the BIST Food and Beverage Index and the Stock Values of Coca-Cola Icecek Company

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Hüseynli N., Huseynli B.

SOSYOEKONOMI, vol.31, no.57, pp.65-76, 2023 (ESCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 31 Issue: 57
  • Publication Date: 2023
  • Doi Number: 10.17233/sosyoekonomi.2023.03.04
  • Journal Name: SOSYOEKONOMI
  • Journal Indexes: Emerging Sources Citation Index (ESCI), Scopus, TR DİZİN (ULAKBİM)
  • Page Numbers: pp.65-76
  • Azerbaijan State University of Economics (UNEC) Affiliated: Yes

Abstract

The study aims to examine the relationship between BIST Food and Beverage Index and Coca-Cola Icecek stock values in Turkey. The Granger method was used to measure the variables in the study, including daily data from the 12th of September 2012 to the 12th of September 2022. The results revealed a one-sided relationship between the BIST Food and Beverage Index and the stock values of Coca-Cola Icecek company. In other words, the increase or decrease in the value of the stocks of this company affects the BIST Food and Beverage Index values.