Çubukcu, M. Ihsan; Çubukcu, Fatmanur; Doker, Asli Cansin; Gülhan, Unal; Gülhan, Yeliz

Turkiye is located in the earthquake zone due to its geographical location and has witnessed major earthquakes throughout history. These earthquakes caused many deaths and also caused great economic losses. In February 2023, Mw7.7, Mw7.6, Aand Mw6.4 earthquakes occurred centered in Kahramanmara & scedil; and Hatay, respectively. More than 50 thousand people lost their lives and more than 100 thousand people were injured in these earthquakes. The earthquake caused great destruction in 11 provinces (Adana, Ad & imath;yaman, Diyarbak & imath;r, Elaz & imath;& gbreve;, Gaziantep, Hatay, Kahramanmara & scedil;, Kilis, Malatya, Osmaniye and & Scedil;anl & imath;urfa). The study aims to identify differences in investment behavior in the real estate sector after the earthquake. For this purpose, a survey was conducted throughout T & uuml;rkiye. According to the empirical findings of the study, significant differences were detected between real estate investment behaviors before and after the earthquake. It was observed that the participants took into account factors such as whether the building was built in accordance with earthquake regulations rather than factors such as location, interior and exterior design, and price, when making investments after the earthquake. It was also determined that the participants preferred detached or low-rise buildings instead of multi-storey buildings after the earthquake.

Sarı, Sali̇m Sercan; Ilgın, Kübra Saka

The purpose of this study is to determine the short and long-term relationships for the period of November 2009-December 2019, between exchange rate, interest rate and inflation, with five stock indices, which are traded in Istanbul Stock Exchange and have the highest trading volume. The analysis method used in the study is the ARDL bounds test. According to the obtained results; it is showed that the increase in the exchange rate decreased the stock indices in short and long run, these effects are only statistically significant in short run. It has been determined that the increase in interest rates in short and long run also caused a decrease in all examined indices. Relationship between interest rates and stock market indices is found to be statistically significant in the ISE All, ISE Financial and ISE Industrial indices in long run; and in the ISE Bank in short run. It has been determined that the increase in inflation in long run positively and in short run negatively affected all examined indexes. It is concluded that the long run relationship between inflation and ISE All, ISE Financial, ISE Services indices; and short run relationship of ISE All, ISE Financial, ISE Industrial indices are statistically significant. According to the shortterm analysis results; it has been determined that error correction coefficients were negative and statistically significant in all models.