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THE IMPACTS OF THE COVID-19 PANDEMIC ON SECTORAL PERFORMANCE: A REVIEW ON THE BIST SECTORS IN TURKEY

Yıl 2022, Cilt: 7 Sayı: 2, 253 - 269, 30.06.2022
https://doi.org/10.29106/fesa.1105014

Öz

This study aims to evaluate the impact of the COVID-19 pandemic on sectoral performance and reveal how the pandemic has influenced certain sectors. In this study, 5-year (2016-2020) financial data of a total of 250 companies operating under 22 sub-sectors in BIST were analyzed using the ratio analysis method. The study results demonstrated that some sectors were adversely affected by the pandemic, whereas others were positively affected. The adverse impacts of the pandemic were observed in 10 sectors, including the sectors of Construction and Public Works, Restaurants and Hotels, Transportation and Storage, Sports Activities, Amusement and Recreation Activities. On the other hand, the positive impacts of the pandemic were identified in 12 sectors, including the sectors of Crop and Animal Production, Hunting and Related Service Activities, Food, Beverage and Tobacco, Wood Products Including Furniture, Chemicals, Petroleum, Rubber and Plastic Products, Wholesale and Retail Trade, and Telecommunication. This study reveals the possible impacts of the COVID-19 pandemic on sectoral performance.

Kaynakça

  • AHMAD T., HAROON, H., BAİG M. and HUİ, J. (2020). Coronavirus disease 2019 (covid-19) pandemic and economic impact. Pakistan Journal of Medical Sciences. 36(COVID19-S4), 73-78.
  • AKÇA, M. (2020). The impact of covid-19 on the aviation sector. Eurasian Journal of Social and Economic Research. 7(4), 45-64.
  • BARROT, J. N., GRASSİ, B. and SAUVAGNAT, J. (2020). Sectoral effects of social distancing. available at: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3569446 . (accessed 10 October 2021)
  • GÖKER, İ. E., EREN, B. S. and KARACA, S.S. (2020). The impact of the covid-19 (coronavirus) on the borsa Istanbul sector index returns: an event study. Gaziantep University Journal of Social Sciences. Special Issue, 14-41.
  • İNCE, F. NURDOĞAN A. K. and BAYAR, H.T. (2021). The Impacts of the covid-19 crisis on businesses operating in the health sector. Suleyman Demirel University Visionary Journal. 12(30), 434-448.
  • KARİM, W., HAQUE, A., ANİS, Z. and ULFY, M. A. (2020). The movement control order (MCO) for covid-19 crisis and its impact on tourism and hospitality sector in Malaysia. International Tourism and Hospitality Journal. 3(2), 1-7.
  • KILIÇ, Y. (2020). The impact of covid-19 (coronavirus) on the Istanbul Stock Exchange. Journal of Emerging Economies and Policy. 5(1), 66-77.
  • KORKUT, Y. EKER, M. ZEREN, F. and ALTUNIŞIK, R. (2020). The impacts of the covid-19 pandemic on tourism: a study on the BIST tourism index. Gaziantep University Journal of Social Sciences. Special Issue, 71-86.
  • KUMAR, V. (2020). Indian tourism industry and covid-19: present Scenario. Journal of Tourism & Hospitality Education. 10, 179-185.
  • LAİNG, T. (2020). The economic impact of the coronavirus 2019 (Covid-2019): implications for the mining industry. The Extractive Industries and Society. 7(2), 580-582.
  • LU, L., PENG, J., WU, J. and LU, Y. (2021). Perceived impact of the Covid-19 crisis on SMEs in different industry sectors: evidence from Sichuan, China. International Journal of Disaster Risk Reduction. 55(102085), 1-9.
  • MHALLA, M. (2020). The impact of novel coronavirus (covid-19) on the global oil and aviation markets. Journal of Asian Scientific Research. 10(2), 96-104.
  • ÖZATAY, F. and SAK, G. (2020). What Will Happen if the COVID-19 Outbreak Lasts Not One But a Few Quarters?. The Economic Policy Research Foundation of Turkey. available at: https://www.tepav.org.tr/tr/yayin/s/1489 (accessed 10 October 2021)
  • ÖZTÜRK, Ö., ŞİŞMAN, M.Y., USLU, H, and ÇITAK, F. (2020). Effect of covid-19 outbreak on Turkish stock market: a sectoral-level analysis. Hitit University Journal of Social Sciences Institute. 13(1), 56-68.
  • ROY, S. (2020). Economic impact of covid-19 pandemic. Technical Report, ResearchGate, available at: https://www.researchgate.net/publication/343222400_ECONOMIC_IMPACT_OF_COVID-19_PANDEMIC (accessed 18 October 2021)
  • SUSSKİND, D. and VİNES, D. (2020). The economics of the covid-19 pandemic: an assessment. Oxford Review of Economic Policy. 36(S1), 1–13.
  • TAYAR, T., GÜMÜŞTEKİN, E., DAYAN, K. and MANDİ, E. (2020). The impacts of the covid-19 crisis on sectors in Turkey: a atudy on the BIST sector indices. Van Yüzüncü Yıl University The Journal of Social Sciences Institute. Issue: Outbreak Diseases Special Issue, 293-320.
  • TÜRKMEN, M. and ÖZSARI, A. (2020). The covid 19 outbreak and its impacts on the sports sector. International Journal of Sport Culture and Science. 8(2), 55-67.
  • YANG, Y., ZHANG, H. and CHEN, X. (2020). Coronavirus pandemic and tourism: dynamic stochastic general equilibrium modeling of ınfectious disease outbreak. Annals of Tourism Research. 83, 1-6.
  • "Coronavirus". WHO. available at: https://web.archive.org/web/20200222130030/https://www.who.int/health-topics/coronavirus (accessed 11 October 2021).
  • "Coronavirus". WHO. available at: https://www.who.int/health-topics/coronavirus#tab=tab_1 (accessed 11 October 2021).
  • available at: https://covid19.saglik.gov.tr/TR-66494/pandemi.html#:~:text=Bir%20hastal%C4%B1%C4%9F%C4%B1n%20veya%20enfeksiyon%20etkeninin,DS%C3%96)%20taraf%C4%B1ndan%20pandemi%20ilan%20edilmi%C5%9Ftir. (accessed 11 October 2021)
  • available at: https://www.worldometers.info/coronavirus/#countries (accessed 15 October 2021)
  • available at: https://www.icisleri.gov.tr/koronavirus-ile-mucadele-kapsaminda-sokaga-cikma-kisitlamalari---yeni-kisitlama-ve-tedbirler-genelgeleri (accessed 15 October 2021)

THE IMPACTS OF THE COVID-19 PANDEMIC ON SECTORAL PERFORMANCE: A REVIEW ON THE BIST SECTORS IN TURKEY

Yıl 2022, Cilt: 7 Sayı: 2, 253 - 269, 30.06.2022
https://doi.org/10.29106/fesa.1105014

Öz

This study aims to evaluate the impact of the COVID-19 pandemic on sectoral performance and reveal how the pandemic has influenced certain sectors. In this study, 5-year (2016-2020) financial data of a total of 250 companies operating under 22 sub-sectors in BIST were analyzed using the ratio analysis method. The study results demonstrated that some sectors were adversely affected by the pandemic, whereas others were positively affected. The adverse impacts of the pandemic were observed in 10 sectors, including the sectors of Construction and Public Works, Restaurants and Hotels, Transportation and Storage, Sports Activities, Amusement and Recreation Activities. On the other hand, the positive impacts of the pandemic were identified in 12 sectors, including the sectors of Crop and Animal Production, Hunting and Related Service Activities, Food, Beverage and Tobacco, Wood Products Including Furniture, Chemicals, Petroleum, Rubber and Plastic Products, Wholesale and Retail Trade, and Telecommunication. This study reveals the possible impacts of the COVID-19 pandemic on sectoral performance.

Kaynakça

  • AHMAD T., HAROON, H., BAİG M. and HUİ, J. (2020). Coronavirus disease 2019 (covid-19) pandemic and economic impact. Pakistan Journal of Medical Sciences. 36(COVID19-S4), 73-78.
  • AKÇA, M. (2020). The impact of covid-19 on the aviation sector. Eurasian Journal of Social and Economic Research. 7(4), 45-64.
  • BARROT, J. N., GRASSİ, B. and SAUVAGNAT, J. (2020). Sectoral effects of social distancing. available at: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3569446 . (accessed 10 October 2021)
  • GÖKER, İ. E., EREN, B. S. and KARACA, S.S. (2020). The impact of the covid-19 (coronavirus) on the borsa Istanbul sector index returns: an event study. Gaziantep University Journal of Social Sciences. Special Issue, 14-41.
  • İNCE, F. NURDOĞAN A. K. and BAYAR, H.T. (2021). The Impacts of the covid-19 crisis on businesses operating in the health sector. Suleyman Demirel University Visionary Journal. 12(30), 434-448.
  • KARİM, W., HAQUE, A., ANİS, Z. and ULFY, M. A. (2020). The movement control order (MCO) for covid-19 crisis and its impact on tourism and hospitality sector in Malaysia. International Tourism and Hospitality Journal. 3(2), 1-7.
  • KILIÇ, Y. (2020). The impact of covid-19 (coronavirus) on the Istanbul Stock Exchange. Journal of Emerging Economies and Policy. 5(1), 66-77.
  • KORKUT, Y. EKER, M. ZEREN, F. and ALTUNIŞIK, R. (2020). The impacts of the covid-19 pandemic on tourism: a study on the BIST tourism index. Gaziantep University Journal of Social Sciences. Special Issue, 71-86.
  • KUMAR, V. (2020). Indian tourism industry and covid-19: present Scenario. Journal of Tourism & Hospitality Education. 10, 179-185.
  • LAİNG, T. (2020). The economic impact of the coronavirus 2019 (Covid-2019): implications for the mining industry. The Extractive Industries and Society. 7(2), 580-582.
  • LU, L., PENG, J., WU, J. and LU, Y. (2021). Perceived impact of the Covid-19 crisis on SMEs in different industry sectors: evidence from Sichuan, China. International Journal of Disaster Risk Reduction. 55(102085), 1-9.
  • MHALLA, M. (2020). The impact of novel coronavirus (covid-19) on the global oil and aviation markets. Journal of Asian Scientific Research. 10(2), 96-104.
  • ÖZATAY, F. and SAK, G. (2020). What Will Happen if the COVID-19 Outbreak Lasts Not One But a Few Quarters?. The Economic Policy Research Foundation of Turkey. available at: https://www.tepav.org.tr/tr/yayin/s/1489 (accessed 10 October 2021)
  • ÖZTÜRK, Ö., ŞİŞMAN, M.Y., USLU, H, and ÇITAK, F. (2020). Effect of covid-19 outbreak on Turkish stock market: a sectoral-level analysis. Hitit University Journal of Social Sciences Institute. 13(1), 56-68.
  • ROY, S. (2020). Economic impact of covid-19 pandemic. Technical Report, ResearchGate, available at: https://www.researchgate.net/publication/343222400_ECONOMIC_IMPACT_OF_COVID-19_PANDEMIC (accessed 18 October 2021)
  • SUSSKİND, D. and VİNES, D. (2020). The economics of the covid-19 pandemic: an assessment. Oxford Review of Economic Policy. 36(S1), 1–13.
  • TAYAR, T., GÜMÜŞTEKİN, E., DAYAN, K. and MANDİ, E. (2020). The impacts of the covid-19 crisis on sectors in Turkey: a atudy on the BIST sector indices. Van Yüzüncü Yıl University The Journal of Social Sciences Institute. Issue: Outbreak Diseases Special Issue, 293-320.
  • TÜRKMEN, M. and ÖZSARI, A. (2020). The covid 19 outbreak and its impacts on the sports sector. International Journal of Sport Culture and Science. 8(2), 55-67.
  • YANG, Y., ZHANG, H. and CHEN, X. (2020). Coronavirus pandemic and tourism: dynamic stochastic general equilibrium modeling of ınfectious disease outbreak. Annals of Tourism Research. 83, 1-6.
  • "Coronavirus". WHO. available at: https://web.archive.org/web/20200222130030/https://www.who.int/health-topics/coronavirus (accessed 11 October 2021).
  • "Coronavirus". WHO. available at: https://www.who.int/health-topics/coronavirus#tab=tab_1 (accessed 11 October 2021).
  • available at: https://covid19.saglik.gov.tr/TR-66494/pandemi.html#:~:text=Bir%20hastal%C4%B1%C4%9F%C4%B1n%20veya%20enfeksiyon%20etkeninin,DS%C3%96)%20taraf%C4%B1ndan%20pandemi%20ilan%20edilmi%C5%9Ftir. (accessed 11 October 2021)
  • available at: https://www.worldometers.info/coronavirus/#countries (accessed 15 October 2021)
  • available at: https://www.icisleri.gov.tr/koronavirus-ile-mucadele-kapsaminda-sokaga-cikma-kisitlamalari---yeni-kisitlama-ve-tedbirler-genelgeleri (accessed 15 October 2021)
Toplam 24 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Finans, İşletme
Bölüm Araştırma Makaleleri
Yazarlar

Başak Ataman 0000-0003-2065-6800

Gürbüz Gökçen 0000-0001-9854-8522

Kezban Şimşek 0000-0002-2365-6163

Erken Görünüm Tarihi 30 Haziran 2022
Yayımlanma Tarihi 30 Haziran 2022
Gönderilme Tarihi 18 Nisan 2022
Kabul Tarihi 14 Haziran 2022
Yayımlandığı Sayı Yıl 2022 Cilt: 7 Sayı: 2

Kaynak Göster

APA Ataman, B., Gökçen, G., & Şimşek, K. (2022). THE IMPACTS OF THE COVID-19 PANDEMIC ON SECTORAL PERFORMANCE: A REVIEW ON THE BIST SECTORS IN TURKEY. Finans Ekonomi Ve Sosyal Araştırmalar Dergisi, 7(2), 253-269. https://doi.org/10.29106/fesa.1105014