Yıl 2020, Cilt 2020 , Sayı 42, Sayfalar 89 - 110 2020-10-30

The effects of the covid-19 pandemic on conventional and islamic stock markets in Turkey
Türkiye’de covid-19 pandemisinin geleneksel ve islami borsalar üzerindeki etkileri

Seyfettin ERDOĞAN [1] , Ayfer GEDİKLİ [2] , Emrah İ̇smail ÇEVİK [3]


In order to reveal the macroeconomic effects of the Covid-19 pandemic, financial markets should also be handled in addition to the real sector. Investigating the changes in the stock market may give clues to analyze the effects of the pandemic on financial markets. The researches in question can be carried out for a country group or a single country. Studies that are conducted for a single country allow researchers to analyze problems more precisely and put forward more specific and convenient policy suggestions. Furthermore, while investigating the effect of the pandemic on stock markets, handling conventional and Islamic stock markets together can provide more comparative and realistic data in determining the policies regarding financial markets. The aim of the study is to examine the reaction of conventional and Islamic stock markets to the Covid-19 outbreak in Turkey. In the study, the DCC-GARCH method was applied by using the daily data from Feb 10, 2011 to Sep 02, 2020. The empirical results indicated that Islamic stock markets are more stable to the global Covid-19 outbreak shock than the conventional stock market in Turkey. Based on these findings it can be suggested that Turkey should take steps to support the development of the Islamic financial system to have a sounder financial system.
Covid -19 pandemisinin makro ekonomik etkilerinin ortaya konması açısından reel sektörün yanısıra finansal piyasaların da takip edilmesi gerekmektedir. Pandeminin finansal piyasalar üzerindeki etkisi araştırılırken özellikle borsada meydana gelen değişikliklerin ortaya konması gerekmektedir. Söz konusu araştırmalar ülke gurubu için yapılabileceği gibi tek ülke için de gerçekleştirilebilir. Tek ülke verileri kullanılarak gerçekleştirilecek çalışmalar sorunun daha derinlemesine analiz edilmesine imkan sağlamaktadır. Pandeminin borsa üzerindeki etkisi araştırılırken geleneksel ve İslami endeksleri birlikte dikkate almak finansal piyasalara ilişkin politikaların belirlenmesinde daha gerçekçi verilerin elde edilmesini mümkün kılacaktır. Bu çalışmanın amacı, Covid -19 pandemisine geleneksel ve İslami borsanın bulaşma ve ayrışma açısından gösterdiği tepkiyi incelemektir. Çalışmada 10 Şubat 2011 – 02 Eylül 2020 dönemine ilişkin günlük veriler kullanılmış ve DCC-GARCH yönteminden yararlanılmıştır. Elde edilen sonuçlara göre, Türkiye’de küresel Covid -19 pandemisi şoku karşısında İslami borsa, geleneksel borsadan daha istikrarlıdır. Bu sonuca göre Türkiye’de İslami finansal sistemin geliştirilmesine yönelik adımlar güçlendirilmelidir.
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Birincil Dil en
Konular Sosyal
Bölüm Makaleler
Yazarlar

Orcid: 0000-0003-2790-4221
Yazar: Seyfettin ERDOĞAN (Sorumlu Yazar)
Kurum: ISTANBUL MEDENIYET UNIVERSITY
Ülke: Turkey


Orcid: 0000-0002-7128-1976
Yazar: Ayfer GEDİKLİ
Kurum: ISTANBUL MEDENIYET UNIVERSITY
Ülke: Turkey


Orcid: 0000-0002-8155-1597
Yazar: Emrah İ̇smail ÇEVİK
Kurum: NAMIK KEMAL UNIVERSITY
Ülke: Turkey


Tarihler

Başvuru Tarihi : 24 Eylül 2020
Kabul Tarihi : 16 Ekim 2020
Yayımlanma Tarihi : 30 Ekim 2020

Bibtex @araştırma makalesi { bilimname799413, journal = {Bilimname}, issn = {1304-1878}, eissn = {2148-5860}, address = {}, publisher = {Erciyes Üniversitesi}, year = {2020}, volume = {2020}, pages = {89 - 110}, doi = {10.28949/bilimname.799413}, title = {The effects of the covid-19 pandemic on conventional and islamic stock markets in Turkey}, key = {cite}, author = {Erdoğan, Seyfettin and Gedi̇kli̇, Ayfer and Çevi̇k, Emrah İ̇smail} }
APA Erdoğan, S , Gedi̇kli̇, A , Çevi̇k, E . (2020). The effects of the covid-19 pandemic on conventional and islamic stock markets in Turkey . Bilimname , İslami Ekonomi, Finans ve Etik , 89-110 . DOI: 10.28949/bilimname.799413
MLA Erdoğan, S , Gedi̇kli̇, A , Çevi̇k, E . "The effects of the covid-19 pandemic on conventional and islamic stock markets in Turkey" . Bilimname 2020 (2020 ): 89-110 <https://dergipark.org.tr/tr/pub/bilimname/issue/57581/799413>
Chicago Erdoğan, S , Gedi̇kli̇, A , Çevi̇k, E . "The effects of the covid-19 pandemic on conventional and islamic stock markets in Turkey". Bilimname 2020 (2020 ): 89-110
RIS TY - JOUR T1 - The effects of the covid-19 pandemic on conventional and islamic stock markets in Turkey AU - Seyfettin Erdoğan , Ayfer Gedi̇kli̇ , Emrah İ̇smail Çevi̇k Y1 - 2020 PY - 2020 N1 - doi: 10.28949/bilimname.799413 DO - 10.28949/bilimname.799413 T2 - Bilimname JF - Journal JO - JOR SP - 89 EP - 110 VL - 2020 IS - 42 SN - 1304-1878-2148-5860 M3 - doi: 10.28949/bilimname.799413 UR - https://doi.org/10.28949/bilimname.799413 Y2 - 2020 ER -
EndNote %0 Bilimname The effects of the covid-19 pandemic on conventional and islamic stock markets in Turkey %A Seyfettin Erdoğan , Ayfer Gedi̇kli̇ , Emrah İ̇smail Çevi̇k %T The effects of the covid-19 pandemic on conventional and islamic stock markets in Turkey %D 2020 %J Bilimname %P 1304-1878-2148-5860 %V 2020 %N 42 %R doi: 10.28949/bilimname.799413 %U 10.28949/bilimname.799413
ISNAD Erdoğan, Seyfettin , Gedi̇kli̇, Ayfer , Çevi̇k, Emrah İ̇smail . "The effects of the covid-19 pandemic on conventional and islamic stock markets in Turkey". Bilimname 2020 / 42 (Ekim 2020): 89-110 . https://doi.org/10.28949/bilimname.799413
AMA Erdoğan S , Gedi̇kli̇ A , Çevi̇k E . The effects of the covid-19 pandemic on conventional and islamic stock markets in Turkey. Bilimname. 2020; 2020(42): 89-110.
Vancouver Erdoğan S , Gedi̇kli̇ A , Çevi̇k E . The effects of the covid-19 pandemic on conventional and islamic stock markets in Turkey. Bilimname. 2020; 2020(42): 89-110.
IEEE S. Erdoğan , A. Gedi̇kli̇ ve E. Çevi̇k , "The effects of the covid-19 pandemic on conventional and islamic stock markets in Turkey", Bilimname, c. 2020, sayı. 42, ss. 89-110, Eki. 2020, doi:10.28949/bilimname.799413