Unravelling the Impact of COVID-19 on The Turkish Banking Sector: An Empirical Analysis

Yıl 2024, Cilt: 32 Sayı: 61, 11 - 20, 30.07.2024

Arzu Alvan Bozdereli , Derviş Kırıkkaleli , Şükrü Umarbeyli

https://doi.org/10.17233/sosyoekonomi.2024.03.01

Öz

This study aims to examine the impact of COVID-19 on the Turkish Banking Index of the Istanbul Stock Exchange. Bayer-Hanch Cointegration Test, a Canonical Cointegrating Regression, and a Fully Modified Least Squares test were examined. Gold price, Repo, exchange rate, and the COVID-19 cases exhibit a long-run relationship with the banking index. During the pandemic, COVID-19 cases affected banks' performance in a negative way at the Istanbul Stock Exchange. No study in the literature has specifically examined the impact of COVID-19 on the Turkish Banking Index using the Bayer Hanch Co-integration strategy. Therefore, this study provides valuable insight into the literature.

Anahtar Kelimeler

Turkish Banking Index, Bayer Hanck Co-integration Test, FMLS Rest, Canonical Cointegrating Regression, COVID-19 Cases, Gold Price, Exchange Rate

COVİD-19’un Türk Bankacılık Sektörü Üzerindeki Etkisini Ortaya Çıkaran Ampirik Bir Analiz

Öz

Bu çalışmanın amacı, COVID-19’un İstanbul Menkul Kıymetler Borsası Türk Bankacılık Endeksi üzerindeki etkisini incelemektir. Bu amaçla çalışmada Bayer-Hanch Eşbütünleşme Testi, Kanonik Eşbütünleşme Regresyon testi ve Tamamen Değiştirilmiş En Küçük Kareler testi kullanılmıştır. Altın fiyatı, repo, döviz kuru ve COVID-19 vakaları bankacılık endeksi ile uzun vadeli bir ilişki sergilemektedir. Pandemi sürecinde COVID-19 vakaları İstanbul Menkul Kıymetler Borsasında bankaların performansını olumsuz etkilemiştir. Bu çalışma, literatürde Bayer Hanch Eşbütünleşme stratejisi kullanarak COVID-19’un Türk Bankacılık Endeksi üzerindeki etkisini inceleyen ilk çalışmadır.

Anahtar Kelimeler

Türk Bankacılık Endeksi, Bayer Hanck Eşbütünleşme Testi, FMLS Testi, Kanonik Eşbütünleşme Testi, COVID-19 Vakaları, Altın Fiyatı, Döviz Kuru

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