Effects of Covid-19 Outbreak on Turkish Stock Market: A Sectoral-Level Analysis

Öztürk, Özcan; Şişman, Muhammet Yunus; Uslu, Hakan; Çıtak, Ferhat

doi:10.17218/hititsosbil.728146

Cited by 44 publications

(4 citation statements)

References 17 publications

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“…The powerful impact on the pandemic towards financial stock market also has been highlighted by Baker, Bloom, Davis, Kost, Sammon and Viratyosin (2020) where the government restrictions in a services-oriented economy was the main factor of U.S stock market reacted unprecedented to Covid-19 compared to the previous pandemic happened in 1918-19,1957-58 and 1968. Ozturk, Sisman, Uslu and Citak (2020 found that sectoral indices in turkey were significantly affected by the global Covid-19 cases number and more specifically in sectors such metal products, machinery and sports, insurance and banking sector.…”

Section: Literature Reviewmentioning

confidence: 92%

The Covid-19 Dashboard Sector Specific Impact: Malaysia Financial, Consumer Products and Health Care Services

Ramdhan¹,

Mohammad²,

Yousop³

et al. 2021

IJARAFMS

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The Covid-19 outbreak triggered in 2019 and continues the spread around the world. In March 2020 Malaysia has started implement a series of Movement Control Order (MCO) until the series continues to Conditional Movement Control Order (CMCO) and Recovery Movement Control Order (RMCO). This paper aims to examine the sector specific impact namely financial, consumer products and healthcare services index during the prolong of MCO period. Finding shows, the number of Covid-19 daily cases shows a constant significant positive impact towards those sectors. In addition, the external independent also included with the resulted the China daily cases significantly impact the sectors with the mix directions. The healthcare services index tends to result the highly performed sector during the pandemic outbreak. Overall, the results suggest that these stocks are positively respond to the Covid-19 pandemic and this response differs over the period depending on the stage of the duration.

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Section: Literature Reviewmentioning

confidence: 92%

The Covid-19 Dashboard Sector Specific Impact: Malaysia Financial, Consumer Products and Health Care Services

Ramdhan¹,

Mohammad²,

Yousop³

et al. 2021

IJARAFMS

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“…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

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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.

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“…Recent studies show that the pandemic (COVID-19) had an unprecedently detrimental impact on both households and firms, inducing a recession also referred to as the Great Lockdown (Kithiia et al ., 2020; Öztürk et al ., 2020; Shafi et al. , 2020).…”

Section: Introductionmentioning

confidence: 99%

Government social protection and households’ welfare during the Covid-19 pandemic in South Africa

Zhou

Ayandibu

Chimucheka

et al. 2023

JBSED

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PurposeThis study evaluates the impact of government social protection interventions on households’ welfare in South Africa.Design/methodology/approachThe study uses survey data comprising 393 observations and the multinomial logistic regression technique to analyse the effect of government interventions on households’ welfare. For robustness purposes, a negative binomial regression model is also estimated whose results corroborate the main results from the multinomial regression model.FindingsThe study’s findings show that government economic interventions through social protection significantly reduce the likelihood of a decrease in household income or consumption. COVID-19 grant/social relief of distress grant, unemployment insurance, tax relief and job protection and creation are all significant in sustaining household income and consumption.Practical implicationsThe findings have policy implications for social development. Specifically, the findings support the use of government social protection as a safety net for low-income groups in South Africa.Originality/valueThe study presents preliminary evidence on the effectiveness of several measures used to ameliorate the COVID-19-induced recession within the South African context.

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Effects of Covid-19 Outbreak on Turkish Stock Market: A Sectoral-Level Analysis

Cited by 44 publications

References 17 publications

The Covid-19 Dashboard Sector Specific Impact: Malaysia Financial, Consumer Products and Health Care Services

The Covid-19 Dashboard Sector Specific Impact: Malaysia Financial, Consumer Products and Health Care Services

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

Government social protection and households’ welfare during the Covid-19 pandemic in South Africa

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