The Impact of News about Pandemic on Borsa Istanbul during the COVID-19 Financial Turmoil
The COVID-19 pandemic, which emerged in December 2019 and then spread worldwide, has affectednot only economic and social life but also the financial markets. It has left investors greatly panickedand affected their decisions. In this study, the effect of COVID-19 related news on Borsa Istanbulis an...
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| Format: | Article |
| Language: | English |
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Marmara University
2021-06-01
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| Series: | Türkiye İletişim Araştırmaları Dergisi |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/1504973 |
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| author | Ömer Faruk Tan |
| author_facet | Ömer Faruk Tan |
| author_sort | Ömer Faruk Tan |
| collection | DOAJ |
| description | The COVID-19 pandemic, which emerged in December 2019 and then spread worldwide, has affectednot only economic and social life but also the financial markets. It has left investors greatly panickedand affected their decisions. In this study, the effect of COVID-19 related news on Borsa Istanbulis analyzed using the panel quantile regression method. The study period is set between 10 March2020 and 17 April 2020. The panic index, media hype index, fake news index, country sentimentindex, infodemic index, and media coverage index created by the RavenPack data platform are usedfor the analysis. The impact of news, it was found, varies amongst the quantiles, and there exists anasymmetric dependence between the returns of Borsa Istanbul and COVID-19 related news. Moreefficient communication channels, the results indicate, should be used to alleviate the financial turmoilcaused by COVID-19. |
| format | Article |
| id | doaj-art-ee03e42162c140dcb7689815ccdc89a6 |
| institution | Kabale University |
| issn | 2630-6220 |
| language | English |
| publishDate | 2021-06-01 |
| publisher | Marmara University |
| record_format | Article |
| series | Türkiye İletişim Araştırmaları Dergisi |
| spelling | doaj-art-ee03e42162c140dcb7689815ccdc89a62025-01-26T18:31:51ZengMarmara UniversityTürkiye İletişim Araştırmaları Dergisi2630-62202021-06-013710912410.17829/turcom.8592993The Impact of News about Pandemic on Borsa Istanbul during the COVID-19 Financial TurmoilÖmer Faruk Tan0https://orcid.org/0000-0002-8875-4696Marmara UniversityThe COVID-19 pandemic, which emerged in December 2019 and then spread worldwide, has affectednot only economic and social life but also the financial markets. It has left investors greatly panickedand affected their decisions. In this study, the effect of COVID-19 related news on Borsa Istanbulis analyzed using the panel quantile regression method. The study period is set between 10 March2020 and 17 April 2020. The panic index, media hype index, fake news index, country sentimentindex, infodemic index, and media coverage index created by the RavenPack data platform are usedfor the analysis. The impact of news, it was found, varies amongst the quantiles, and there exists anasymmetric dependence between the returns of Borsa Istanbul and COVID-19 related news. Moreefficient communication channels, the results indicate, should be used to alleviate the financial turmoilcaused by COVID-19.https://dergipark.org.tr/tr/download/article-file/1504973covid-19borsa istanbulfinansal piyasalarsahte haber endeksiülke duyarlılık endeksipanel kantil regresyoncovid-19borsa istanbulfinancial marketsfake news indexcountry sentiment indexpanel quantile regression |
| spellingShingle | Ömer Faruk Tan The Impact of News about Pandemic on Borsa Istanbul during the COVID-19 Financial Turmoil Türkiye İletişim Araştırmaları Dergisi covid-19 borsa istanbul finansal piyasalar sahte haber endeksi ülke duyarlılık endeksi panel kantil regresyon covid-19 borsa istanbul financial markets fake news index country sentiment index panel quantile regression |
| title | The Impact of News about Pandemic on Borsa Istanbul during the COVID-19 Financial Turmoil |
| title_full | The Impact of News about Pandemic on Borsa Istanbul during the COVID-19 Financial Turmoil |
| title_fullStr | The Impact of News about Pandemic on Borsa Istanbul during the COVID-19 Financial Turmoil |
| title_full_unstemmed | The Impact of News about Pandemic on Borsa Istanbul during the COVID-19 Financial Turmoil |
| title_short | The Impact of News about Pandemic on Borsa Istanbul during the COVID-19 Financial Turmoil |
| title_sort | impact of news about pandemic on borsa istanbul during the covid 19 financial turmoil |
| topic | covid-19 borsa istanbul finansal piyasalar sahte haber endeksi ülke duyarlılık endeksi panel kantil regresyon covid-19 borsa istanbul financial markets fake news index country sentiment index panel quantile regression |
| url | https://dergipark.org.tr/tr/download/article-file/1504973 |
| work_keys_str_mv | AT omerfaruktan theimpactofnewsaboutpandemiconborsaistanbulduringthecovid19financialturmoil AT omerfaruktan impactofnewsaboutpandemiconborsaistanbulduringthecovid19financialturmoil |