The impact of COVID-19 outbreak on Borsa Istanbul: an event study method

dc.authoridkaraomer, yunus/0000-0002-6377-1326
dc.contributor.authorKaraomer, Yunus
dc.contributor.authorAcaravci, Songul Kakilli
dc.date.accessioned2024-09-18T20:13:26Z
dc.date.available2024-09-18T20:13:26Z
dc.date.issued2022
dc.departmentHatay Mustafa Kemal Üniversitesien_US
dc.description.abstractPurpose - This study aims to research how the outbreak of coronavirus disease 2019 (COVID-19) impacts the selected sector price indices in Borsa Istanbul (BIST), Turkey. Design/methodology/approach - The authors use the event study method because it is a useful method as stock prices and market instantly reflect the effect of such an unusual event. Data are retrieved from the . Findings - The authors find that selected sectors are impacted by the COVID-19 outbreak. The banking and transportation sectors, on the announcement of first death, were impacted negatively, while the telecommunication and food -beverage sectors were impacted positively. The transportation and banking sectors experience an obvious downturn after the spread of COVID-19, while the food-beverage and telecommunication sectors experience an obvious upturn after the spread of COVID-19. Besides, the most adversely impacted sector is banking. Originality/value - This study bridges the research gap and adds significant insights to the existing literature. The main contribution of this study to the existing literature is the unexpected outbreak impacts on financial markets, especially on BIST. It is also expected that this study will make a significant contribution to analysts, researchers and policymakers.en_US
dc.identifier.doi10.1108/JEAS-06-2020-0111
dc.identifier.endpage666en_US
dc.identifier.issn1026-4116
dc.identifier.issn2054-6246
dc.identifier.issue4en_US
dc.identifier.scopus2-s2.0-85126397279en_US
dc.identifier.scopusqualityQ3en_US
dc.identifier.startpage652en_US
dc.identifier.urihttps://doi.org/10.1108/JEAS-06-2020-0111
dc.identifier.urihttps://hdl.handle.net/20.500.12483/9187
dc.identifier.volume38en_US
dc.identifier.wosWOS:000646292000001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherEmerald Group Publishing Ltden_US
dc.relation.ispartofJournal of Economic and Administrative Sciencesen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectCOVID-19en_US
dc.subjectBorsa Istanbulen_US
dc.subjectEvent studyen_US
dc.subjectAbnormal returnen_US
dc.titleThe impact of COVID-19 outbreak on Borsa Istanbul: an event study methoden_US
dc.typeArticleen_US

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