Impact of Terrorism on Financial Markets of Turkey: An Empirical Study

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dc.contributor.authorAlgan, Nese
dc.contributor.authorBalcilar, Mehmet
dc.contributor.authorBal, Harun
dc.contributor.authorManga, Muge
dc.date.accessioned2026-02-06T18:26:45Z
dc.date.issued2017
dc.departmentDoğu Akdeniz Üniversitesi
dc.description.abstractThe purpose of the study is to investigate the impact of terrorism on the Turkish financial market. We test for causality from terrorism index to returns and volatilities of 16 sector level stock indices using daily data from Jan 4, 1988 to May 24, 2016 and a recently developed nonparametric causality-intest test of Balcilar et al. (2016). The results show that there is no causality from terrorist activities to stock market returns. However, we find significant causality at various quantiles from terrorist activates to volatility of tourism, food and basic materials sectors.
dc.identifier.doi10.21121/eab.2017123473
dc.identifier.endpage160
dc.identifier.issn1303-099X
dc.identifier.issue1
dc.identifier.orcid0000-0001-9694-5196
dc.identifier.scopusqualityN/A
dc.identifier.startpage147
dc.identifier.urihttps://doi.org/10.21121/eab.2017123473
dc.identifier.urihttps://hdl.handle.net/11129/10637
dc.identifier.volume17
dc.identifier.wosWOS:000410809000010
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.language.isotr
dc.publisherEge Univ, Fac Economics & Admin Sciences
dc.relation.ispartofEge Academic Review
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20260204
dc.subjectFinancial markets
dc.subjectTerrorism
dc.subjectNonparametric causality-in-quantiles test
dc.subjectTurkey
dc.titleImpact of Terrorism on Financial Markets of Turkey: An Empirical Study
dc.typeArticle

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