Natural disasters, investor sentiments and stock market reactions: Evidence from Turkey-Syria earthquakes

被引:11
|
作者
Sakariyahu, Rilwan [1 ]
Lawal, Rodiat [1 ,5 ]
Oyekola, Olayinka [2 ]
Dosumu, Oluwatoyin Esther [3 ]
Adigun, Rasheed [4 ]
机构
[1] Edinburgh Napier Univ, Business Sch, Edinburgh, Scotland
[2] Univ Exeter, Dept Econ, Exeter, England
[3] Univ Manchester, Alliance Manchester Business Sch, Manchester, England
[4] JP Morgan Chase, Jersey City, NJ USA
[5] Univ London, SOAS, London, England
关键词
Earthquake; Investor sentiment; Stock market; Turkey-Syria; Trading partners;
D O I
10.1016/j.econlet.2023.111153
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study provides stylised facts on the relationships between natural disasters, investor sentiments and market performance using the recent Turkey-Syria earthquakes. We employ daily stock market data relating to Turkey's 21 major trading partners and find significant negative impact of the disaster on the sampled countries' stock market returns, particularly for countries near Turkey. (c) 2023 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
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页数:4
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