The Impact of the COVID-19 (Coronavirus) on The Borsa Istanbul Sector IndexReturns: An Event Study

dc.contributor.authorGöker, İlkut Elif Kandil
dc.contributor.authorEren, Binali Selman
dc.contributor.authorKaraca, Süleyman Serdar
dc.date.accessioned2025-01-21T16:17:44Z
dc.date.available2025-01-21T16:17:44Z
dc.date.issued2020
dc.departmentKırıkkale Üniversitesi
dc.description.abstractThis study aims to analyze the impact of the COVID-19 outbreak on the Borsa Istanbul sector index returns. COVID-19 first emerged in Wuhan, China in December 2019 and spread to many countries in a short time. With the declaration of the COVID-19 outbreak a global pandemic by the World Health Organization on March 11, 2020, commercial and financial mobility is restricted at both national and international levels. This directly affects both the financial and real sectors. When the effects of previous outbreaks on the economies of the countries are analyzed, it is observed that there are differences on a sector basis. From this point of view this study reveals the impact of the pandemic on sector basis. The data of 26 sectors in BIST are analyzed by the event study. According to the findings, in most of the event windows examined, most of the sectors have negative cummulative abnormal returns (CAAR); in some periods, it is seen that few sectors have positive CAARs. Although the abnormal return rates vary according to different event windows, the highest lost is found in the Sports, Tourism and Transportation sectors.
dc.identifier.endpage41
dc.identifier.issn1303-0094
dc.identifier.issn2149-5459
dc.identifier.issueCOVID-19 Özel Sayı
dc.identifier.startpage14
dc.identifier.trdizinid461346
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/461346
dc.identifier.urihttps://hdl.handle.net/20.500.12587/22708
dc.identifier.volume19
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.relation.ispartofGaziantep Üniversitesi Sosyal Bilimler Dergisi
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241229
dc.subjectİktisat
dc.subjectİşletme Finans
dc.titleThe Impact of the COVID-19 (Coronavirus) on The Borsa Istanbul Sector IndexReturns: An Event Study
dc.typeArticle

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