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

Rilwan Sakariyahu; Rodiat Lawal; Olayinka Oyekola; Oluwatoyin Esther Dosumu; Rasheed Adigun

doi:10.1016/j.econlet.2023.111153

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 journal › Article › peer-review

23 Citations (Scopus)

179 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 language	English
Article number	111153
Number of pages	4
Journal	Economics Letters
Volume	228
Early online date	5 May 2023
DOIs	https://doi.org/10.1016/j.econlet.2023.111153
Publication status	Published - Jul 2023

Keywords

Earthquake
Investor sentiment
Stock market
Trading partners
Turkey–Syria

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2023.111153Licence: CC BY

Final Published VersionFinal published version, 262 KBLicence: CC BY

Cite this

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title = "Natural disasters, investor sentiments and stock market reactions: Evidence from Turkey{\textendash}Syria earthquakes",

abstract = "This study provides stylised facts on the relationships between natural disasters, investor sentiments and market performance using the recent Turkey{\textendash}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{\textquoteright} stock market returns, particularly for countries near Turkey.",

keywords = "Earthquake, Investor sentiment, Stock market, Trading partners, Turkey{\textendash}Syria",

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AU - Sakariyahu, Rilwan

AU - Lawal, Rodiat

AU - Oyekola, Olayinka

AU - Dosumu, Oluwatoyin Esther

AU - Adigun, Rasheed

PY - 2023/7

Y1 - 2023/7

N2 - 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.

AB - 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.

KW - Earthquake

KW - Investor sentiment

KW - Stock market

KW - Trading partners

KW - Turkey–Syria

UR - https://www.scopus.com/pages/publications/85159276357

U2 - 10.1016/j.econlet.2023.111153

DO - 10.1016/j.econlet.2023.111153

M3 - Article

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VL - 228

JO - Economics Letters

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

Abstract

Keywords

ASJC Scopus subject areas

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