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Natural disasters, investor sentiments and stock market reactions: Evidence from Turkey–Syria earthquakes

Rilwan Sakariyahu, Rodiat Lawal, Olayinka Oyekola, Oluwatoyin Esther Dosumu and Rasheed Adigun

Economics Letters, 2023, vol. 228, issue C

Abstract: This study provides stylised facts on the relationships between natural disasters, investor sentiments and market performance using the recent Turkey–Syria earthquakes. We employ daily stock market data relating to Turkey’s 21 major trading partners and find significant negative impact of the disaster on the sampled countries’ stock market returns, particularly for countries near Turkey.

Keywords: Earthquake; Investor sentiment; Stock market; Turkey–Syria; Trading partners (search for similar items in EconPapers)
JEL-codes: G10 G11 G12 G14 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:228:y:2023:i:c:s0165176523001787

DOI: 10.1016/j.econlet.2023.111153

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