Stock Market Reaction to Covid-19 Vaccination Rate: International Study

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dc.authoridCOMLEKCI, Istemi/0000-0001-8922-071Xen_US
dc.authoridOZER, Ali/0000-0003-4736-3418en_US
dc.authoridUnal, Serkan/0000-0002-7060-979Xen_US
dc.authorwosidCOMLEKCI, ISTEMI/KFQ-7983-2024en_US
dc.authorwosidÖZER, Ali/JUU-2175-2023en_US
dc.contributor.authorUnal, Serkan
dc.contributor.authorComlekci, Istemi
dc.contributor.authorOzer, Ali
dc.date.accessioned2024-08-23T16:03:51Z
dc.date.available2024-08-23T16:03:51Z
dc.date.issued2022en_US
dc.departmentDüzce Üniversitesien_US
dc.description.abstractObjective: In this study, the relationship between the Covid-19 vaccination rates in different countries and the performance of stock market indices were examined. The study aims to supply further evidence for policymakers to promote vaccination programs. Methods: In the study, stock market performances and Covid-19 vaccination data of a total of 49 countries in the MSCI indices were used. Countries are sorted and grouped according to the date they reached the 10%, 50%, and 75% vaccination rates. Afterward, t-tests were used to determine whether there was a difference between the stock market returns of the countries in different groups according to their vaccination performances. Results: This research shows that countries with rapid Covid-19 vaccination have lower volatility and higher performance in the stock markets. It has been determined that the stock market performances are higher in the countries which reached the 10% and 50% vaccination level of the population earlier. No statistically significant relationship was found between reaching the 75% vaccination level and the stock market performance. The first quartile of countries that completed 10% vaccination earlier have %9.7 higher stock market performance on average between 31.12.2020-28.05.2021 than the countries in the last quartile. Research results are also robust when tested separately for developed and emerging markets. Conclusions: The results of the study show that vaccination has a positive contribution to financial markets. It is thought that the findings obtained in the research provide important information for investors and policymakers.en_US
dc.identifier.doi10.18521/ktd.1022009
dc.identifier.endpage191en_US
dc.identifier.issn1309-3878
dc.identifier.startpage183en_US
dc.identifier.urihttps://doi.org/10.18521/ktd.1022009
dc.identifier.urihttps://hdl.handle.net/20.500.12684/13947
dc.identifier.volume14en_US
dc.identifier.wosWOS:001014567800002en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherDuzce Univ, Fac Medicineen_US
dc.relation.ispartofKonuralp Tıp Dergisi
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectCovid-19en_US
dc.subjectVaccinationen_US
dc.subjectStock Markets Indicesen_US
dc.subjectReturns of Stocksen_US
dc.subjectUsen_US
dc.titleStock Market Reaction to Covid-19 Vaccination Rate: International Studyen_US
dc.typeArticleen_US

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