The Impact Of 6 February Earthquake On The Stock Returns In Damascus Securities Exchange (DSE) (An Event Study)

Authors

  • monzer morheg Tishreen University

Abstract

This research investigated the effects of the 06.02.2023 earthquake as a natural disaster hits parts of Syria on daily stock returns of firms listed in Damascus securities exchange (DSE) by using an event study methodology to detect an abnormal returns around the event day.

The data used consists of the stock close prices of firms listed in DSE and the Damascus securities exchange index (DWX)  prices, it obtained from the website of DSE at: http://www.dse.gov.sy.

The research found that there is a negative impact of earthquake on the stock prices/ returns of firms listed in DSE, and on market index prices in the post-event period, but its severity and time of occurrence differed for the sectors.

Downloads

Published

2023-07-18

How to Cite

morheg, monzer. (2023). The Impact Of 6 February Earthquake On The Stock Returns In Damascus Securities Exchange (DSE) (An Event Study). Tishreen University Journal- Economic and Legal Sciences Series, 45(3), 127–145. Retrieved from https://journal.tishreen.edu.sy/index.php/econlaw/article/view/14877

Issue

Vol. 45 No. 3 (2023): Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

  • The authors retain the copyright and grant the right to publish in the magazine for the first time with the transfer of the commercial right to Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences

     Under a CC BY- NC-SA 04 license that allows others to share the work with of the work's authorship and initial publication in this journal. Authors can use a copy of their articles in their scientific activity, and on their scientific websites, provided that the place of publication is indicted in  Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences   .  The Readers have the right to send, print and subscribe to the initial version of the article, and the title of Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences Publisher

  • journal uses a CC BY-NC-SA license which mean

    You are free to:

    • Adapt — remix, transform, and build upon the material
    •  
    • The licensor cannot revoke these freedoms as long as you follow the license terms.

  • Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.

  • NonCommercial — You may not use the material for commercial purposes.

  • ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.

  • No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.