DSpace
 

EMU I-REP >
03 Faculty of Business and Economics >
Theses (Master's and Ph.D) – Business and Economics >

Please use this identifier to cite or link to this item: http://hdl.handle.net/11129/6428

Title: Market Reaction to COVID-19 and the Variants of Concern in BRICS-T Countries
Authors: Adaoğlu, Cahit (Supervisor)
Shafaei, Danial
Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance
Keywords: Thesis Tez
Banking and Finance Department
Market Reactions--COVID-19 Pandemic
Shopping--Social Aspects--Consumer behavior
Event-study
COVID-19
Omicron
Delta
BRICS-T
Issue Date: Aug-2022
Publisher: Eastern Mediterranean University (EMU) - Doğu Akdeniz Üniversitesi (DAÜ)
Citation: Shafaei, Danial. (2022). Market Reaction to COVID-19 and the Variants of Concern in BRICS-T Countries. Thesis (M.S.), Eastern Mediterranean University, Institute of Graduate Studies and Research, Dept. of Banking and Finance, Famagusta: North Cyprus.
Abstract: This thesis investigates the market reaction effect of the announcements of the initial surge of COVID-19 and the subsequent variants of concern, namely Delta and Omicron, on the stock market of Brazil, Russia, India, China, South Africa, and Turkey (BRICS-T). To this aim, we employ the event study methodology to measure the abnormal return of the relevant stock market index during the event windows of each variant’s first case announcement in each country. The results of this investigation suggest a late market reaction to first case announcement, and in most cases, new variants do not have statistically significant negative market reactions with the exception of South Africa for the case of delta variant, Russia and Turkey for the case of omicron variant.
ÖZ: Bu çalışmada Brezilya, Rusya, Hindistan, Çin, Güney Afrika ve Türkiye (BRICS-T) borsalarının koronavirüs (COVID-19) salgınının ilk ortaya çıkışına ve ardından ortaya çıkan Delta ve Omicron gibi yeni varyantlara karşı piyasa tepkileri araştırılmaktadır. Bu amaçla, her bir ülkede ortaya çıkan yeni varyantların ilk vaka duyurusunun olay pencereleri sırasında ilgili ülkenin borsa endeksinin anormal getirisini ölçmek için olay çalışması yöntemi kullanılmıştır. Olay çalışması sonuçlarına göre ilk vaka duyurusuna piyasa tepkisi geç olmaktadır. Ayrıca, Delta varyantında ortaya çıkan Güney Afrika piyasa tepksi ile Omicron varyantında Rusya ve Türkiye piyasalarının tepkileri haricinde yeni varyantların istatistiksel olarak anlamlı ve negatif bir piyasa tepkisi ile karşılaşılmamıştır.
Description: Master of Science in Banking and Finance. Institute of Graduate Studies and Research. Thesis (M.S.) - Eastern Mediterranean University, Faculty of Business and Economics, Dept. of Banking and Finance, 2022. Supervisor: Prof. Dr. Cahit Adaoğlu.
URI: http://hdl.handle.net/11129/6428
Appears in Collections:Theses (Master's and Ph.D) – Business and Economics

Files in This Item:

File Description SizeFormat
Shafaeidanial.pdfThesis, Master669.75 kBAdobe PDFView/Open


This item is protected by original copyright

Recommend this item
View Statistics

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

 

Valid XHTML 1.0! DSpace Software Copyright © 2002-2010  Duraspace - Feedback