Soccer and Stock Market Risk
Empirical Evidence From the Istanbul Stock Exchange 1 , 2 , 3
Bibliographic Data
| ID | 13673413 |
|---|---|
| Authors | Hakan Berument (0000-0003-2276-4741, Bilkent University, corresponding author), M Hakan Berument, Nildağ Başak Ceylan (0000-0003-3128-8863, Ankara Yıldırım Beyazıt University) |
| Year | 2013 |
| Pages | 130729135325001-130729135325001 |
| Publication date | 2013-07-29 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Psychological Reports (JOURNAL) |
| Journal identifiers | ISSN: 0033-2941 • E-ISSN: 1558-691X |
| Publisher | SAGE Publishing (PUBLISHER • US) |
| DOI | 10.2466/17.05.pr0.112.3 |
| OpenAlex | W3168241541 |
| Language | EN |
| References cited | 15 |
There is an emerging but important literature on the effects of sport events such as soccer on stock market returns.After a soccer team's win, agents discount future events more favorably and increase risk tolerance.Similarly, after a loss, risk tolerance decreases.This paper directly assesses risk tolerance after a sports event by using daily data from the three major soccer teams in Turkey (Beşiktaş, Fenerbahçe and Galatasaray).Results provide evidence that risk tolerance increases after a win, but similar patterns were not found after a loss
Business · Econometrics · Economics · Stock (firearms · Stock exchange · Stock market · Engineering · Finance · Financial Markets and Investment Strategies · History · Market Dynamics and Volatility · Psychology · Sports Analytics and Performance
| Highly cited | No |
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