Preliminary communication
https://doi.org/10.18045/zbefri.2022.2.421
Emerging equity market reaction to pandemic prevention policy: Evidence from regression discontinuity design
Bora Aktan
orcid.org/0000-0002-1334-3542
; University of Bahrain, College of Business Administration, Kingdom of Bahrain.
Abstract
The purpose of this study is both to release the effects of the current pandemic on
emerging equity markets and to examine the efficacy of the prevention policy to
lessen the plausible negative effects. In this context, Turkey, as an emerging
market, is examined by adopting the Regression Discontinuity Design which is a
robust non-experimental approach for evaluating the causal effects of
interventions. The results of the research reveal that the COVID-19 pandemic is
effective in Bourse Istanbul after a certain period when it first appeared in the
world. And therewithal, the efficiency of preventing policy taken in the country
statistically decreased the negative impact of the pandemic.
Keywords
COVID-19; pandemic; emerging equity markets; Turkey; regression discontinuity
Hrčak ID:
289644
URI
Publication date:
30.12.2022.
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