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Journals / Hitit Sosyal Bilimler Dergisi / 2026 / Volume: 13 Issue: 1

EFFECTS OF COVID-19 OUTBREAK ON TURKISH STOCK MARKET: A SECTORAL-LEVEL ANALYSIS

KOVİD-19 Pandemisinin Türkiye Hisse Senedi Piyasasına Etkileri: Sektörel Bir Analiz

Özcan Öztürk(Hamad bin Khalifa University, College of Public Policy, Education City, Doha, Qatar)0000-0002-2187-4327
Muhammet Yunus Şişman(DUMLUPINAR ÜNİVERSİTESİ)0000-0002-9791-1382
Hakan Uslu(ADIYAMAN ÜNİVERSİTESİ)0000-0003-1649-6859
Ferhat Çıtak(HİTİT ÜNİVERSİTESİ)0000-0003-4978-5251
Pages
56–68
Publication Date
2020-06-30
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

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.

📌 3 Key Takeaways

🎯
Objective & Hypothesis: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.
📊
Key Findings & Data:This paper is the first empirical research that analyzes the effects of the outbreak on the Turkish stock market.
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Conclusion & Impact: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.
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:KOVID-19 · Pandemi · Borsa İstanbul

Abstract

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.

Özet

Yeni Koronavirüs (KOVİD-19), tüm dünya ekonomilerinin öngöremediği büyüklükteki belirsizlikleri beraberinde getirmiş, ülkelerin daha önce karşılaşmadığı bir insani ve iktisadi kriz ortamına sebep olmuştur. Bu çalışma, KOVİD-19 salgının finans piyasaları üzerindeki etkisini ampirik olarak inceleyen ilk çalışmadır. Bu makalede, KOVİD-19 virüsünün neden olduğu küresel pandeminin sektörel düzeydeki ekonomik etkileri günlük verilerin sabit etkiler yöntemiyle incelenmesi suretiyle açıklanmaya çalışılmıştır. Bulgular, sektörel endekslerin Avrupa ve Dünya vaka sayılarından ziyade Türkiye’deki vaka sayılarından daha çok etkilendiğini göstermiştir. Ayrıca, KOVİD-19 salgınının olumsuz ekonomik etkileri en çok metal ürünleri ve makine sektörlerinde görülmektedir. Spor, bankacılık ve sigortacılık sektörleri ise bu endüstrileri takip etmektedir. Yaşanan ekonomik durgunluğa rağmen ülkede yiyecek-içecek, toptan-perakende satış ve gayrimenkul yatırım sektörleri ise salgından en az etkilenen sektörler olmuştur.

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Cite This Article

Öztürk, Ö., Şişman, M. Y., Uslu, H., Çıtak, F. (2020). EFFECTS OF COVID-19 OUTBREAK ON TURKISH STOCK MARKET: A SECTORAL-LEVEL ANALYSIS. Hitit Sosyal Bilimler Dergisi, Volume: 13 Issue: 1, 56–68. https://doi.org/10.17218/hititsosbil.728146

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