Türkiye'deki Büyük Depremlerin IMKB'de Sektörel Etkisinin Test Edilmesi

Abstract

The purpose of this study is to detect the effects of earthquakes on financial markets within the scope of Efficient Market Hypothesis. In this context, 2011 Van, 1999 Marmara and 1998 Ceyhan earthquakes effects on trading securities of insurance, banking, construction and real estate investment companies quoted in Istanbul Stock Exchange (ISE) are analyzed by event study method and significance of abnormal and cumulative abnormal returns are detected both with parametric and nonparametric (rank) tests.