The Effect of the Pandemic Process on the Stock Exchange: The Case of Borsa İstanbul
Chapter from the book: Kılıç, E. (ed.) 2023. Theoretical and Empirical Studies on Money and Capital Markets.

Zelal Gültekin Kutlu
Bingöl University
Müslüm Polat
Bingöl University

Synopsis

The aim of this study is to reveal the causality relationship between the COVID 19 epidemic and the stock market in Turkey. For this purpose, the causality relationship between daily case numbers and Borsa İstanbul (BIST 100, BIST Financial, BIST Industrial, BIST Technology and BIST Service) indices was analyzed with the Toda Yamamoto causality test. The period between March 11, 2020, when the first case was seen in Turkey, and March 7, 2022 was discussed. As a result, it has been determined that there is a one-way Granger causality relationship from the number of COVID 19 cases to the BIST indices.

How to cite this book

Gültekin Kutlu, Z. & Polat, M. (2023). The Effect of the Pandemic Process on the Stock Exchange: The Case of Borsa İstanbul. In: Kılıç, E. (ed.), Theoretical and Empirical Studies on Money and Capital Markets. Özgür Publications. DOI: https://doi.org/10.58830/ozgur.pub41.c76

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Published

January 30, 2023

DOI