MARMARA DEPREMİNİN FİNANSAL KURUMLARIN PİYASA DEĞERLERİ ÜZERİNDEKİ ETKİSİ

Yıl 2008, Cilt: 9 Sayı: 2, 135 - 145, 01.07.2008

Mehmet Bolak Ömür Süer

Öz

Bu çalışmanın amacı, “olay çalışması” yöntemi kullanmak suretiyle, İMKB’de işlem görmekte olan finansal sektör hisselerinin getirileri üzerinde, büyük Marmara depreminin yarattığı etkiyi ölçebilmektir. Sonuçlar, depremin bu hisseler üzerinde kayda değer büyüklükte negatif bir “artık getiri” oluşturduğuna işaret etmektedir. İnceleme kapsamındaki tüm sigorta sektörü hisselerinde yüksek anlamlılık düzeyinde negatif “artık getiriler” gözlenmiştir. Bankacılık sektörü hisselerinde de negatif “artık getiriler” gözlenmiş olmakla birlikte, anlamlılık düzeyleri daha düşük bulunmuştur

Anahtar Kelimeler

Deprem , Olay çalışması , Sigorta şirketleri , Bankalar , Türkiye

THE EFFECT OF MARMARA EARTHQUAKE ON FINANCIAL INSTITUTIONS

Öz

This study aims to measure the effect of Marmara earthquake on the stock returns of the firms quoted in ISE and operating in financial sector by the use of conventional econometric methodology of event studies. The results indicate that the occurrence of the earthquake has produced negative and significant abnormal returns. For each of the insurance firms studied, largely significant abnormal returns are observed just after the earthquake. The response of banks is negative but the significance level is less important.

Anahtar Kelimeler

Earthquake, Event Study, Insurance Firms, Banks, Turkey

Kaynakça

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