The Effects of the COVID-19 Outbreak on the Global Retail Industry: An Event Study Approach

dc.contributor.authorKucukcolak, Recep Ali
dc.contributor.authorKucukcolak, Necla Ilter
dc.contributor.authorTumbek Tekeoglu, Askim Nurdan
dc.contributor.authorKucukoglu, Sami
dc.date.accessioned2023-11-10T13:28:28Z
dc.date.available2023-11-10T13:28:28Z
dc.date.issued2023en_US
dc.departmentFakülteler, İşletme Fakültesi, İşletme Bölümüen_US
dc.description.abstractIn this study, we examined the COVID-19 effect in the global scale on the global retail markets with the Event Study methodology. The sample used in the study consists of data from 10 developed and developing countries in six continents, which are obtained from Reuters DataStream. The top large-cap, blue-chip companies in the stock market for each economies were included in the study, which is totaled of 91 active retail sector shares and major indices. Based on our findings; the cumulative average of abnormal returns (CAAR) of the retailers in three Event Studies in question showed a distortion in the efficiency of the formation of the retail prices at the 0.01, 0.01, and 0.05 significance levels and the global retail stock prices overreacted moreen_US
dc.identifier.doi10.1515/ngs-2022-0043en_US
dc.identifier.scopus2-s2.0-85167627960en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://hdl.handle.net/11467/6993
dc.identifier.urihttps://doi.org/10.1515/ngs-2022-0043
dc.identifier.wosWOS:001042932000001en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherWalter de Gruyter GmbHen_US
dc.relation.ispartofNew Global Studiesen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/embargoedAccessen_US
dc.subjectCOVID-19 outbreak; cumulative abnormal return; equity market; event study; retailen_US
dc.titleThe Effects of the COVID-19 Outbreak on the Global Retail Industry: An Event Study Approachen_US
dc.typeArticleen_US

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