Determination of the Direct Effect of Foreign Capital Investments to Istanbul Stock Exchange

In this survey the effect of Foreign Direct Investment (FDI) on the BIST100 Index was examined. BIST100 Index was used as the dependent variable, Foreign Direct Investment was used as the independent variable. Firstly, the ARDL Boundary Test was applied to determine the cointegration relationship between the variables with the monthly data of the January-2010-January-2018 period and it was determined that there was no cointegration relationship between the variables. Then, the causality relationship between the variables was investigated by Granger Causality Test and it was determined that there was no causality relation