THE EFFECTS OF ENVIRONMENTAL AND NATURAL DISASTERS ON THE STOCK EXCHANGE INDICES: THE EXAMPLE OF TÜRKİYE
DOI:
https://doi.org/10.18623/rvd.v23.6476Palabras clave:
XUSRD, XU100, Türkiye, Environmental Disasters, Natural Disasters, Event StudyResumen
Traditionally, development and progress are considered only in economic terms, and as a result of this approach, environmental and social values are ignored. The cost of not being environmentally compatible in every field, including finance, is very high. To achieve sustainable economic development, socioeconomic development and environmental values should also be taken into account. In this study, events and their effects in Türkiye are discussed as an example. Whether the effects of the environmental disasters experienced in Türkiye between the 2020:1-2024:4 periods showed a change in the investment sensitivities of investors on the BIST Sustainability (XUSRD) index and subsequently on the BIST100 (XU100) index was examined by the Event Study method. The results of the study show that Turkish investors did not make positive discrimination towards sustainable companies and environmental disasters did not affect their investment preferences.
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