TY  - JOUR
TI  - Effects of Global Outbreaks on Insurance Companies' Stocks: An Event Study on Stock Markets of Turkey and G7 Countries
AB  - An event occurring anywhere in the world can affect many regions with the development of globalization and communication networks. This case is also true for diseases. When the history of the world is examined, it is seen that various global outbreaks have occurred that have affected the world. However, today the spread of diseases and information about these diseases is happening faster than in the past. For this reason, the economic, sociological and psychological effects of the epidemics are felt more. In this study, the effects of global outbreaks on stock returns are investigated. The aim of the study is to show the effects of significant diseases, which occurred globally after 2000, on the stock returns of insurance companies located on the Turkish and G7 country exchanges. Event study method is used in the research. Selected events consist of global outbreak announcements and notices made by World Health Organization (WHO). It is understood from the results of the study that some country markets are more susceptible to most epidemics than others. In general, the effects of other global outbreaks outside the COVID-19 have lasted much shorter on the countries' stock exchanges. Markets appear to normalize more rapidly during other epidemics.
AU  - Tetik, Nevzat
AU  - Kanat, Ersin
AU  - Toraman, Cengiz
DO  - 10.17065/huniibf.870588
PY  - 2021
JO  - Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
VL  - 39
IS  - Covid 19 Özel Sayısı
SN  - 1301-8752
SP  - 173
EP  - 193
DB  - TRDizin
UR  - http://search/yayin/detay/465977
ER  -