Effects of soccer on stock markets
The return–volatility relationship
Bibliographic Data
| ID | 12007953 |
|---|---|
| Authors | Hakan Berument (0000-0003-2276-4741, Bilkent University, corresponding author), M Hakan Berument (Department of Economics, Bilkent University, 06800, Ankara, Turkey), Nildağ Başak Ceylan (0000-0003-3128-8863, Department of Banking and Finance, Yildirim Beyazit University, 06040, Ankara, Turkey) |
| Year | 2012 |
| Volume | 49 |
| Issue | 3 |
| Pages | 368-374 |
| Publication date | 2012-09-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Social Science Journal (JOURNAL) |
| Journal identifiers | ISSN: 0362-3319 • E-ISSN: 1873-5355 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1016/j.soscij.2012.03.003 |
| OpenAlex | W2156326163 |
| Language | EN |
| Citations received | 3 |
| References cited | 14 |
This paper assesses the effects of domestic soccer teams’ performances against foreign rivals on stock market returns as well as on the return–volatility relationship. Data from Chile, Spain, Turkey and the United Kingdom support propositions that soccer teams results in international cups affect stock market returns and the return–volatility relationship. Evidence from Spain and the UK, soccer powerhouses, suggests that losses are associated with lower returns and higher risk aversion but evidence from Chile and Turkey, where soccer is the most important sport but teams are not as successful, reveals that wins are associated with higher returns and lower risk aversion
Econometrics · Economics · Financial economics · Geography · Monetary economics · Stock (firearms · Stock market · Volatility (finance · Financial Markets and Investment Strategies · Sport and Mega-Event Impacts · Sports Analytics and Performance
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| Citations per year | 0.23 |
|---|---|
| Citation span | 2013 - 2017 (5) |
| Highly cited | No |