Aviation Accidents and Stock Market Reaction: Evidence from Borsa Istanbul
| Autor: | Ender Demir |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2015 |
| Předmět: |
Finance
Actuarial science Aviation business.industry Turkish Mood Variable Behavioral economics people.cause_of_death Behavioral Finance language.human_language Borsa Istanbul lcsh:Social Sciences lcsh:H Mood Investment decisions Aviation Accidents Aviation accident lcsh:Finance lcsh:HG1-9999 language Stock market people business Stock (geology) |
| Zdroj: | Eurasian Journal of Economics and Finance, Vol 3, Iss 1, Pp 51-56 (2015) |
| ISSN: | 2148-0192 |
| Popis: | Behavioral finance literature shows that a variety of mood variables affect the stock prices. Aviation accidents are uncommon that generally cause a high number of casualties. Therefore, they have a strong social repercussion in the country. This negative sentiment driven by bad mood might affect the investment decisions of investors. This study examines the effect of aviation accidents on Borsa Istanbul Index and Borsa Istanbul Transportation Index. Turkish aviation companies had only 5 serious accidents from 1990 to 2013. On the contrary to the previous findings, it is found that the aviation disasters do not have any effect on the stock market. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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