THE REALATIONSHIP BETWEEN THE COVID-19 PANDEMIC AND THE STOCK MARKET INDEXES OF SPORTS CLUBS: A TIME SERIES ANALYSIS

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Yoka K., Turan M. B., Pekel A., Yoka O., Pepe O.

PONTE, cilt.79, sa.5/1, ss.17-35, 2023 (AHCI)

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 79 Sayı: 5/1
  • Basım Tarihi: 2023
  • Doi Numarası: 10.21506/j.ponte.2023.5.2
  • Dergi Adı: PONTE
  • Derginin Tarandığı İndeksler: Arts and Humanities Citation Index (AHCI), Periodicals Index Online, American History and Life, Historical Abstracts, MLA - Modern Language Association Database
  • Sayfa Sayıları: ss.17-35
  • Marmara Üniversitesi Adresli: Evet

Özet

The present study examines how severely the stock market indexes of the sports clubs in Turkey and Europe were affected and by which factors between 16.03.2020 and 14.12.2020 in addition to the coronavirus cases and deaths in the pandemic process using empirical methods. Additionally, the number of cases and death rates during the pandemic are analyzed graphically by country. In the empirical application section, the Toda-Yamamoto (1995) test was applied. Before moving on to the causality analysis, the extended Dickey-Fuller test was used to determine whether the series possessed a unit root. In the present study, which covers the period between 16.03.2020 and 14.12.2020, the case and death data of countries were used to reveal the relationship between the stock market indexes of the sports clubs in Turkey and Europe and the number of COVID-19 cases and deaths. As a result of the study, no significant value was determined between the stock market index series of sports clubs and the number of COVID-19 cases and deaths. No short-term relationship was found between the stock market indexes of sports clubs and the number of cases and deaths.