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

Rilwan Sakariyahu (Lead / Corresponding author), Rodiat Lawal, Olayinka Oyekola, Oluwatoyin Esther Dosumu, Rasheed Adigun

Research output: Contribution to journalArticlepeer-review

12 Citations (Scopus)
25 Downloads (Pure)

Abstract

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.

Original languageEnglish
Article number111153
Number of pages4
JournalEconomics Letters
Volume228
Early online date5 May 2023
DOIs
Publication statusPublished - Jul 2023

Keywords

  • Earthquake
  • Investor sentiment
  • Stock market
  • Trading partners
  • Turkey–Syria

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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