COVID-19 (Koronavirüs)’un Borsa İstanbul Sektör Endeks Getirileri Üzerindeki Etkisi: Bir Olay Çalışması

Göker, İlkut Elif Kandil; Eren, Binali Selman; Karaca, Süleyman Serdar

doi:10.21547/jss.731980

Cited by 28 publications

(15 citation statements)

References 22 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…So far, studies investigating the impact of COVID-19 on Borsa Istanbul have generally used event study method. They reveal that the number of cases and the announcement of social measures have negatively affected the returns (Keles 2020), and the returns of sectors such as tourism, transportation, textile are more affected (Keles, 2020;Kilic, 2020, Kandil-Göker, Eren & Karaca, 2020. To the best of our knowledge, this study is the first to analyze the impact of COVID-19-related news on Borsa Istanbul using quantile regression analysis.…”

Section: Introductionmentioning

confidence: 90%

“…Considering the studies related to Turkish financial markets, the impact of COVID-19 have been analyzed on financial reporting (Cavlak, 2020), stock market returns (Coban, Coşkun, & Coban, 2020;Kandil et al, 2020;Kayral & Tandogan, 2020;Keleş, 2020;Kılıc, 2020;Özkan, 2020), CDS spreads (Kartal, 2020), food and beverage sectors (Levent, 2020), and tourism sector (Korkut et al,2020;Kandil-Göker, Eren & Karkaca, 2020) have been analyzed so far.…”

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

The Impact of News about Pandemic on Borsa Istanbul during the COVID-19 Financial Turmoil

Tan

2021

Türkiye İletişim Araştırmaları Dergisi

View full text Add to dashboard Cite

The COVID-19 pandemic, which emerged in December 2019 and then spread worldwide, has affected not only economic and social life but also the financial markets. It has left investors greatly panicked and affected their decisions. In this study, the effect of COVID-19 related news on Borsa Istanbul is analyzed using the panel quantile regression method. The study period is set between 10 March 2020 and 17 April 2020. The panic index, media hype index, fake news index, country sentiment index, infodemic index, and media coverage index created by the RavenPack data platform are used for the analysis. The impact of news, it was found, varies amongst the quantiles, and there exists an asymmetric dependence between the returns of Borsa Istanbul and COVID-19 related news. More efficient communication channels, the results indicate, should be used to alleviate the financial turmoil caused by

show abstract

Section: Introductionmentioning

confidence: 90%

Section: Literature Reviewmentioning

confidence: 99%

The Impact of News about Pandemic on Borsa Istanbul during the COVID-19 Financial Turmoil

Tan

2021

Türkiye İletişim Araştırmaları Dergisi

View full text Add to dashboard Cite

show abstract

“…Wu and Olson (2020) divided the pandemic's impact into short-term, long-term, and systematic risks. Kandil Göker et al (2020), in their event study, examined the pandemic effects on 26 Borsa Istanbul sector indices and found that the CAARs of only the banking sector and three other sectors were positive; however, the returns of the banking sector were insignificant. Phuong (2021) examined the COVID-19 impacts on the Vietnamese banking sector stocks using the event study method around three lockdown events and found that the lockdowns positively impacted the banking sector stock returns.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of the COVID-19 pandemic on banking and financial sector stock returns

Hanif

Hassan

Henchiri

et al. 2022

IJABF

View full text Add to dashboard Cite

Using the Indian banking and financial services stocks, this study set out to examine the impacts of the global pandemic and government measures on the stock returns around four pandemic-related events. This study employs the event study methodology with the market model estimation for a 210-day estimation window [-214,-5] and a 15-day event window [-4,+10]. The reaction was mild to the announcement of 'Health Emergency of Global Concern', but as soon as the coronavirus outbreak was declared a 'global pandemic', the market reacted significantly. Further, due to the expected economic stimulus, the Reserve Bank of India's financial measures resulted in a positive response from the market. The public and private sector banks are almost non-reactive to the first event. The findings deny that with the available prices, during an event, abnormal returns are impossible. The analysis results make it easier for them to formulate sustainable policies and constitute a high-yield moderate-risk portfolio during such emergencies.

show abstract

“…There are also studies in the literature examining the impact of the Covid-19 pandemic on Turkish financial markets (Kandil Göker et al, 2020;Öztürk et al, 2020;Tayar et al, 2020;Kılıç, 2020;Özdemir, 2020;Korkut et al, 2020). Kandil Goker et al (2020 found that the highest decreases in the Covid-19 period were in the Sports, Tourism and Transport indices.…”

Section: Article In Press -Corrected Proofmentioning

confidence: 99%

How Did Covid-19 Pandemic Affect the Tourism Index in Borsa Istanbul?

Özen

Özdemir

2021

FU Econ Org

View full text Add to dashboard Cite

This study aims to investigate the impact of the Covid-19 pandemic on Turkey's tourism sector. In the study, for the period 12 March 2020 - 31 August 2020 the daily data of the BIST tourism stock index and Covid-19 case and death counts in Turkey were used. The cointegration relationship between the Covid-19 pandemic and the BIST tourism index was investigated with the ARDL bound test. In addition, the effect of the Covid-19 pandemic on the BIST tourism index was tested with the FMOLS regression method. As a result of the ARDL bound test, it was determined that there is a long-term cointegration relationship between the Covid-19 case and death numbers and the BIST tourism index. According to the FMOLS regression model results, it is seen that the deaths of Covid 19 significantly affect the tourism index. A 1% increase in the number of deaths causes the BIST tourism index to decrease by 0.08%. The coefficient of the number of Covid-19 cases is not significant, showing that the number of cases does not have a sufficient effect on the tourism index.

show abstract

COVID-19 (Koronavirüs)’un Borsa İstanbul Sektör Endeks Getirileri Üzerindeki Etkisi: Bir Olay Çalışması

Cited by 28 publications

References 22 publications

The Impact of News about Pandemic on Borsa Istanbul during the COVID-19 Financial Turmoil

The Impact of News about Pandemic on Borsa Istanbul during the COVID-19 Financial Turmoil

Impact of the COVID-19 pandemic on banking and financial sector stock returns

How Did Covid-19 Pandemic Affect the Tourism Index in Borsa Istanbul?

Contact Info

Product

Resources

About