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COVID-19'UN PERAKENDE SEKTÖRÜNE ETKILERI: TÜRK PERAKENDECILERINE OLAY ÇALIŞMASI YAKLAŞIMI

Yıl 2022, Cilt: 3 Sayı: 4, 140 - 152, 30.12.2022
https://doi.org/10.5281/zenodo.7497969

Öz

Retail sector, as well as other sectors of the economy, has been affected by Covid-19 pandemic severely globally, and as this study aims to examine, in Turkey. An indicator that shows if a sector was impacted by a phenomenon is the rate of return on the stock value of the businesses in that sector, therefore, Event study is applied on the data driven from Istanbul Stock Market BIST on active retailers during the pandemic days in order to find out how the outbreak affected them. In the end, some suggestions to the managers and retailers on how to utilize new trends in their businesses are discussed.

Kaynakça

  • Aydogan, M. 2021, April 30 . Turkey OKs emergency use of Sputnik-V vaccine. Retrieved from Anadolu Agency: https://www.aa.com.tr/en/latest-on-coronavirus-outbreak/turkey-oks-emergency-use-of-sputnik- v-vaccine/2225824
  • Ball, R., & Brown, P. 1968 . An Empirical Evaluation of Accounting Income Numbers. Journal of Accounting Research, 6 2 , 159-178.
  • Basdas, U., & Oran, A. 2014 . Event studies in Turkey. Borsa Istanbul Review, 14 3 . Retrieved from https://www.sciencedirect.com/science/article/pii/S2214845014000271
  • Black, R. J. 1995 . The Law and Finance of Corporate Acquisitions, 2nd Edition. Westbury, New York: Foundation Press.
  • CNN. 2022, April 26 . Covid-19 Pandemic Timeline Fast Facts. Retrieved from CNN Health: https://edition.cnn.com/2021/08/09/health/covid-19-pandemic-timeline-fast-facts/index.html
  • Constantinides, E. 2006 . The Marketing Mix Revisited: Towards the 21st Century Marketing. Journal of Marketing Management, 22, 407-438.
  • Covid-19 Vaccine Information Platform, T. n.d. . General Information. Retrieved from Tukish Ministry of Health: https://covid19asi.saglik.gov.tr/TR-77683/genel-bilgiler.html
  • Ding, L., Lam, H. K., Cheng, T., & Zhou, H. 2018 . A review of short-term event studies in operations and supply chain management. International Journal of Production Economics, 200, 329-342. Retrieved from https://www.sciencedirect.com/science/article/abs/pii/S0925527318301610?via%3Dihub
  • FDA. 2021, August 23 . FDA Approves First COVID-19 Vaccine. Retrieved from FDA: https://www.fda.gov/news-events/press-announcements/fda-approves-first-covid-19- vaccine#:~:text=Since%20Dec.%2011%2C%202020%2C,age%20on%20May%2010%2C%202021.
  • Gladwell, M. 2004, March 7 . The Terrazzo Jungle. Retrieved from The New Yorker: https://www.newyorker.com/magazine/2004/03/15/the-terrazzo-jungle
  • Göker, İ. E., Eren, B. s., & Karaca, S. S. 2022 . The Impact of the COVID-19 Coronavirus on The Borsa Istanbul Sector Index Returns: An Event Study. Journal of Economic and Administrative Sciences, ahead- of-print.
  • Goldstein, J. 2013 . 101 Amazing Facts about Wales. UK: AUK Authors.
  • Güler, H. 2013, April 4 . Borsa'da lâle devri. Retrieved from Hurriyet Ekonomi: https://www.hurriyet.com.tr/ekonomi/borsa-da-l-le-devri-22961528
  • Helm, S., Kim, S. H., & Riper, S. V. 2020 . Navigating the ‘retail apocalypse’: A framework of consumer evaluations of the new retail landscape. Journal of Retailing and Consumer Services, 54.
  • HurriyetDailyNews. 2013, April 5 . New bourse to enhance Istanbul’s financial bid. Retrieved from Hurriyet Daily News: https://www.hurriyetdailynews.com/new-bourse-to-enhance-istanbuls-financial-bid- 44304
  • IMKB. 2012, February 25 . İMKB’nin Kuruluşundan İtibaren Önemli Gelişmeler. Retrieved from Istanbul Stock Exchange: https://web.archive.org/web/20120225094814/http://www.imkb.gov.tr/genel/gelismeler.htm
  • KAP. n.d. . Sektorler. Retrieved from KAP: https://www.kap.org.tr/tr/Sektorler
  • Kaynak, S., Ekinc, A., & Kaya, H. F. 2021 . The effect of COVID-19 pandemic on residential real estate prices: Turkish case. Quantitative Finance and Economics, 5 4 , 623-639.
  • Koot, G. M. 2011 . Shops and Shopping in Britain: from market stalls to chain stores. History Department, University of Massachusetts Dartmouth.
  • Liu, H., Manzoor, A., Wang, C., Zhang, L., & Manzoor, Z. 2020 . The COVID-19 outbreak and affected countries stock markets response. International Journal of Environmental Research and Public Health, 17 8 , 2800.
  • Liu, H., Wang, Y., He, D., & Wang, C. 2020 . Short term response of Chinese stock markets to the outbreak of COVID-19. Applied Economics, 52 53 , 5859-5872.
  • MacKinlay, A. C. 1997 . Event Studies in Economics and Finance. Journal of Economic Litretaure, 35 1 , 13-39 .
  • Ministry of Health, T. n.d. . General Covid-19 Chart. Retrieved from COVID-19 Information Platform: https://covid19.saglik.gov.tr/TR-66935/genel-koronavirus-tablosu.html
  • Niemeier, S., Zocchi, A., & Catena, M. 2013 . Reshaping Retail: Why Technology is Transforming the Industry and How to Win in the New Consumer Driven World. UK: John Wiley and Sons Ltd.
  • Orhan, Z. H., & Tirman, N. 2020 . Analysis of the Impact of Covid-19 on Different Sectors in Turkey During Early Periods of the Pandemic. JOURNAL OF BUSINESS RESEARCH-TURK, 12 2 , 2312-2326. Retrieved from https://doi.org/10.20491/isarder.2020.978
  • Öztürk, Ö., Şişman, M. Y., Uslu, H., & Çitak, F. 2020 . EFFECTS OF COVID-19 OUTBREAK ON TURKISH STOCK MARKET : A SECTORAL-LEVEL ANALYSIS. Hitit University Journal of Social Sciences Institute, 13 1 , 56-68.
  • Paquet, L. B. 2003 . The Urge to Splurge: A Social History of Shopping. Toronto: ECW Press.
  • Reportlinker. 2021, April . Retailing in Turkey - Market Shares, Summary and Forecasts to 2025. Retrieved from Reportlinker: https://www.reportlinker.com/p05291912/Retailing-in-Turkey-MarketShares-Summary-Forecasts-to.html
  • Sayed, O. A., & Eledum, H. 2021 . The short-run response of Saudi Arabia stock market to the outbreak of COVID-19 pandemic: An event-study methodology. International Journal of Finance & Economics.
  • Selmi, R., & Bouoiyour, J. 2020 . Global market's diagnosis on coronavirus: A tug of war between hope and fear.
  • Singhal, T. 2020 . A Review of Coronavirus Disease-2019 . The Indian Journal of Pediatrics, 281–286. Retrieved from https://link.springer.com/article/10.1007/s12098-020-03263-6
  • Sonmezer, M. C., Sahin, T. K., Erul, E., Ceylan, F. S., Hamur, M. Y., Morov, N., . . . Unal, S. 2022, February . Knowledge, Attitudes, and Perception towards COVID-19 Vaccination among the Adult Population: A Cross-Sectional Study in Turkey. MDPI Open Access Journals., 10 2 . Retrieved from https://www.mdpi.com/2076-393X/10/2/278
  • Staff, A. 2021, January 2 . A Timeline of COVID-19 Developments in 2020. Retrieved from AJMC: https://www.ajmc.com/view/a-timeline-of-covid19-developments-in-2020
  • Strategy&. 2022, March . Turkish Retail Sector Overview. Retrieved from Strategy& Part of the PwC Network: https://www.strategyand.pwc.com/tr/turkish-retail-sector-overview
  • TFSCR, T. F. 2016 . The Transforming Growth of Turkey’s Retail Industry. PwC Turkey.
  • tr.Investing. n.d. . Retrieved from Investing: https://tr.investing.com/
  • TradingEconomics. 2022, November . Turkey Retail Sales YoY. Retrieved from Trading Economics: https://tradingeconomics.com/turkey/retail-sales-annual
  • TRT. 2013, April 4 . Borsa İstanbul'un kuruluş sermayesi. Retrieved from TRT Haber: https://www.trthaber.com/haber/ekonomi/borsa-istanbulun-kurulus-sermayesi-81027.html
  • TUIK. 2022 . Data Portal for Statistics. Retrieved from Türkiye istatistik Kurumu: https://data.tuik.gov.tr/Kategori/GetKategori?p=ticaret-ve-hizmet-115&dil=2
  • Wheeler, S., Okutur, O., & Kacar, C. 2020 . Covid-19 and the effects on Turkey. Istanbul: Kearney.
  • Yeldan, E., & Voyvoda, E. 2020 . Impact of the COVID-19 Outbreak on Turkey’s Economy and a Policy Alternative for Protecting Labor Incomes. U of Massachusetts, PERI Working Paper.

COVID-19 IMPACTS ON RETAIL SECTOR: AN EVENT STUDY APPROACH ON TURKISH RETAILERS

Yıl 2022, Cilt: 3 Sayı: 4, 140 - 152, 30.12.2022
https://doi.org/10.5281/zenodo.7497969

Öz

Ekonominin diğer sektörleri gibi Perakende sektörü de küresel ve bu çalışmanın da incelemeyi amaçladığı gibi Türkiye'de Covid-19 pandemisinden ciddi şekilde etkilendi. Bir sektörün bir olgudan etkilenip etkilenmediğini gösteren bir gösterge, o sektördeki işletmelerin hisse senedi değerinin getiri oranıdır. Bu nedenle, Covid-19 salgınının onları nasıl etkilediğini öğrenmek için pandemi günlerinde aktif perakendeciler hakkında Borsa İstanbul BİST 'ten alınan veriler üzerinden "Event Study" uygulanmaktadır. Son olarak, yöneticilere ve perakendecilere yeni trendleri işletmelerinde nasıl değerlendirebilecekleri konusunda bazı önerilerde bulunulmuştur.

Kaynakça

  • Aydogan, M. 2021, April 30 . Turkey OKs emergency use of Sputnik-V vaccine. Retrieved from Anadolu Agency: https://www.aa.com.tr/en/latest-on-coronavirus-outbreak/turkey-oks-emergency-use-of-sputnik- v-vaccine/2225824
  • Ball, R., & Brown, P. 1968 . An Empirical Evaluation of Accounting Income Numbers. Journal of Accounting Research, 6 2 , 159-178.
  • Basdas, U., & Oran, A. 2014 . Event studies in Turkey. Borsa Istanbul Review, 14 3 . Retrieved from https://www.sciencedirect.com/science/article/pii/S2214845014000271
  • Black, R. J. 1995 . The Law and Finance of Corporate Acquisitions, 2nd Edition. Westbury, New York: Foundation Press.
  • CNN. 2022, April 26 . Covid-19 Pandemic Timeline Fast Facts. Retrieved from CNN Health: https://edition.cnn.com/2021/08/09/health/covid-19-pandemic-timeline-fast-facts/index.html
  • Constantinides, E. 2006 . The Marketing Mix Revisited: Towards the 21st Century Marketing. Journal of Marketing Management, 22, 407-438.
  • Covid-19 Vaccine Information Platform, T. n.d. . General Information. Retrieved from Tukish Ministry of Health: https://covid19asi.saglik.gov.tr/TR-77683/genel-bilgiler.html
  • Ding, L., Lam, H. K., Cheng, T., & Zhou, H. 2018 . A review of short-term event studies in operations and supply chain management. International Journal of Production Economics, 200, 329-342. Retrieved from https://www.sciencedirect.com/science/article/abs/pii/S0925527318301610?via%3Dihub
  • FDA. 2021, August 23 . FDA Approves First COVID-19 Vaccine. Retrieved from FDA: https://www.fda.gov/news-events/press-announcements/fda-approves-first-covid-19- vaccine#:~:text=Since%20Dec.%2011%2C%202020%2C,age%20on%20May%2010%2C%202021.
  • Gladwell, M. 2004, March 7 . The Terrazzo Jungle. Retrieved from The New Yorker: https://www.newyorker.com/magazine/2004/03/15/the-terrazzo-jungle
  • Göker, İ. E., Eren, B. s., & Karaca, S. S. 2022 . The Impact of the COVID-19 Coronavirus on The Borsa Istanbul Sector Index Returns: An Event Study. Journal of Economic and Administrative Sciences, ahead- of-print.
  • Goldstein, J. 2013 . 101 Amazing Facts about Wales. UK: AUK Authors.
  • Güler, H. 2013, April 4 . Borsa'da lâle devri. Retrieved from Hurriyet Ekonomi: https://www.hurriyet.com.tr/ekonomi/borsa-da-l-le-devri-22961528
  • Helm, S., Kim, S. H., & Riper, S. V. 2020 . Navigating the ‘retail apocalypse’: A framework of consumer evaluations of the new retail landscape. Journal of Retailing and Consumer Services, 54.
  • HurriyetDailyNews. 2013, April 5 . New bourse to enhance Istanbul’s financial bid. Retrieved from Hurriyet Daily News: https://www.hurriyetdailynews.com/new-bourse-to-enhance-istanbuls-financial-bid- 44304
  • IMKB. 2012, February 25 . İMKB’nin Kuruluşundan İtibaren Önemli Gelişmeler. Retrieved from Istanbul Stock Exchange: https://web.archive.org/web/20120225094814/http://www.imkb.gov.tr/genel/gelismeler.htm
  • KAP. n.d. . Sektorler. Retrieved from KAP: https://www.kap.org.tr/tr/Sektorler
  • Kaynak, S., Ekinc, A., & Kaya, H. F. 2021 . The effect of COVID-19 pandemic on residential real estate prices: Turkish case. Quantitative Finance and Economics, 5 4 , 623-639.
  • Koot, G. M. 2011 . Shops and Shopping in Britain: from market stalls to chain stores. History Department, University of Massachusetts Dartmouth.
  • Liu, H., Manzoor, A., Wang, C., Zhang, L., & Manzoor, Z. 2020 . The COVID-19 outbreak and affected countries stock markets response. International Journal of Environmental Research and Public Health, 17 8 , 2800.
  • Liu, H., Wang, Y., He, D., & Wang, C. 2020 . Short term response of Chinese stock markets to the outbreak of COVID-19. Applied Economics, 52 53 , 5859-5872.
  • MacKinlay, A. C. 1997 . Event Studies in Economics and Finance. Journal of Economic Litretaure, 35 1 , 13-39 .
  • Ministry of Health, T. n.d. . General Covid-19 Chart. Retrieved from COVID-19 Information Platform: https://covid19.saglik.gov.tr/TR-66935/genel-koronavirus-tablosu.html
  • Niemeier, S., Zocchi, A., & Catena, M. 2013 . Reshaping Retail: Why Technology is Transforming the Industry and How to Win in the New Consumer Driven World. UK: John Wiley and Sons Ltd.
  • Orhan, Z. H., & Tirman, N. 2020 . Analysis of the Impact of Covid-19 on Different Sectors in Turkey During Early Periods of the Pandemic. JOURNAL OF BUSINESS RESEARCH-TURK, 12 2 , 2312-2326. Retrieved from https://doi.org/10.20491/isarder.2020.978
  • Öztürk, Ö., Şişman, M. Y., Uslu, H., & Çitak, F. 2020 . EFFECTS OF COVID-19 OUTBREAK ON TURKISH STOCK MARKET : A SECTORAL-LEVEL ANALYSIS. Hitit University Journal of Social Sciences Institute, 13 1 , 56-68.
  • Paquet, L. B. 2003 . The Urge to Splurge: A Social History of Shopping. Toronto: ECW Press.
  • Reportlinker. 2021, April . Retailing in Turkey - Market Shares, Summary and Forecasts to 2025. Retrieved from Reportlinker: https://www.reportlinker.com/p05291912/Retailing-in-Turkey-MarketShares-Summary-Forecasts-to.html
  • Sayed, O. A., & Eledum, H. 2021 . The short-run response of Saudi Arabia stock market to the outbreak of COVID-19 pandemic: An event-study methodology. International Journal of Finance & Economics.
  • Selmi, R., & Bouoiyour, J. 2020 . Global market's diagnosis on coronavirus: A tug of war between hope and fear.
  • Singhal, T. 2020 . A Review of Coronavirus Disease-2019 . The Indian Journal of Pediatrics, 281–286. Retrieved from https://link.springer.com/article/10.1007/s12098-020-03263-6
  • Sonmezer, M. C., Sahin, T. K., Erul, E., Ceylan, F. S., Hamur, M. Y., Morov, N., . . . Unal, S. 2022, February . Knowledge, Attitudes, and Perception towards COVID-19 Vaccination among the Adult Population: A Cross-Sectional Study in Turkey. MDPI Open Access Journals., 10 2 . Retrieved from https://www.mdpi.com/2076-393X/10/2/278
  • Staff, A. 2021, January 2 . A Timeline of COVID-19 Developments in 2020. Retrieved from AJMC: https://www.ajmc.com/view/a-timeline-of-covid19-developments-in-2020
  • Strategy&. 2022, March . Turkish Retail Sector Overview. Retrieved from Strategy& Part of the PwC Network: https://www.strategyand.pwc.com/tr/turkish-retail-sector-overview
  • TFSCR, T. F. 2016 . The Transforming Growth of Turkey’s Retail Industry. PwC Turkey.
  • tr.Investing. n.d. . Retrieved from Investing: https://tr.investing.com/
  • TradingEconomics. 2022, November . Turkey Retail Sales YoY. Retrieved from Trading Economics: https://tradingeconomics.com/turkey/retail-sales-annual
  • TRT. 2013, April 4 . Borsa İstanbul'un kuruluş sermayesi. Retrieved from TRT Haber: https://www.trthaber.com/haber/ekonomi/borsa-istanbulun-kurulus-sermayesi-81027.html
  • TUIK. 2022 . Data Portal for Statistics. Retrieved from Türkiye istatistik Kurumu: https://data.tuik.gov.tr/Kategori/GetKategori?p=ticaret-ve-hizmet-115&dil=2
  • Wheeler, S., Okutur, O., & Kacar, C. 2020 . Covid-19 and the effects on Turkey. Istanbul: Kearney.
  • Yeldan, E., & Voyvoda, E. 2020 . Impact of the COVID-19 Outbreak on Turkey’s Economy and a Policy Alternative for Protecting Labor Incomes. U of Massachusetts, PERI Working Paper.
Toplam 41 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Araştırma Makalesi
Yazarlar

Sarvenaz Erfani Hooshiaran Bu kişi benim

Recep Ali Küçükçolak Bu kişi benim

Yayımlanma Tarihi 30 Aralık 2022
Yayımlandığı Sayı Yıl 2022 Cilt: 3 Sayı: 4

Kaynak Göster

APA Hooshiaran, S. E., & Küçükçolak, R. A. (2022). COVID-19’UN PERAKENDE SEKTÖRÜNE ETKILERI: TÜRK PERAKENDECILERINE OLAY ÇALIŞMASI YAKLAŞIMI. Working Paper Series, 3(4), 140-152. https://doi.org/10.5281/zenodo.7497969