TY  - JOUR
TI  - EFFECTS OF COVID-19 OUTBREAK ON TURKISH STOCK MARKET : A SECTORAL-LEVEL ANALYSIS
AB  - The Novel Coronavirus (COVID-19) has brought uncertainties to all countries in the world, causing human suffering and economic downturn that are unprecedented in recent history. This paper is the first empirical research that analyzes the effects of the outbreak on the Turkish stock market. The paper employed a fixed-effect model with daily data to explore the economic impact of the global pandemic at the sectoral level. Findings showed that sectoral indices were affected by the number of cases reported in Turkey than the number of cases in Europe and in the world. Furthermore, the most adversely affected sectors were metal products, machinery and sports, insurance and banking sectors. Despite the substantial economic downturn, food-beverage, wholesale and retail trade and real estate investment sectors have been the less affected industries from the outbreak.
AU  - uslu, hakan
AU  - Ozturk, Ozcan
AU  - Sisman, Muhammet
AU  - citak, ferhat
DO  - 10.17218.hititsosbil.728146
PY  - 2020
JO  - Hitit Üniversitesi Sosyal Bilimler Enstitüsü Dergisi
VL  - 13
IS  - 1
SN  - 1308-5107
SP  - 56
EP  - 68
DB  - TRDizin
UR  - http://search/yayin/detay/464659
ER  -