Performance of soccer on the stock market: Evidence from Turkey

被引：24
|
作者：
Berument, Hakan [1 ]
Ceylan, Nildag Basak
Gozpinar, Esin
机构：
[1] Bilkent Univ, Dept Econ, TR-06800 Ankara, Turkey
[2] Atilim Univ, Dept Management, TR-06836 Ankara, Turkey
来源：
SOCIAL SCIENCE JOURNAL | 2006年 / 43卷 / 04期
关键词：
D O I：
10.1016/j.soscij.2006.08.021
中图分类号：
C [社会科学总论];
学科分类号：
03 ; 0303 ;
摘要：
This paper assesses the effect of soccer success on stock market returns for three major Turkish teams (Besiktas, Fenerbahce and Galatasaray) after certain characteristics of the stock market are controlled for. The empirical evidence presented here suggests that Besikta's win against foreign rivals in the Winner's Cup increases stock market returns. The same effect is not present for the other two big teams (Fenerbahce and Galatasaray). The day of the week effect on the stock market and the relationship between risk and return are also presented. (c) 2006 Elsevier Inc. All rights reserved.
引用
收藏
页码：695 / 699
页数：5
相关论文
共 50 条
  • [1] The Effect of Performance of Soccer Clubs on Their Stock Prices: Evidence from Turkey
    Demir, Ender
    Danis, Hakan
    [J]. EMERGING MARKETS FINANCE AND TRADE, 2011, 47 : 58 - 70
  • [2] FUNDAMENTAL RATIOS AND STOCK MARKET PERFORMANCE: EVIDENCE FROM TURKEY
    Parlak, Deniz
    [J]. PROCEEDINGS OF THE 11TH EURASIA BUSINESS AND ECONOMICS SOCIETY CONFERENCE (EBES), 2013, : 97 - 105
  • [3] Soccer, stock returns and fanaticism: Evidence from Turkey
    Berument, M. Hakan
    Ceylan, Nildag Basak
    Ogut-Eker, Gulin
    [J]. SOCIAL SCIENCE JOURNAL, 2009, 46 (03): : 594 - 600
  • [4] Adaptive Market Hypothesis: Evidence from the Turkey Stock Market
    Kilic, Yunus
    [J]. JOURNAL OF APPLIED ECONOMICS AND BUSINESS RESEARCH, 2020, 10 (01): : 28 - 39
  • [5] Stock Market Performance and Economic Growth in Turkey: Evidence from Borsa Istanbul
    Bayar, Yilmaz
    [J]. PROCEEDINGS OF 16TH INTERNATIONAL JOINT CONFERENCE: CENTRAL AND EASTERN EUROPE IN THE CHANGING BUSINESS ENVIRONMENT, 2016, : 12 - 19
  • [6] SOCCER AND STOCK MARKET RISK: EMPIRICAL EVIDENCE FROM THE ISTANBUL STOCK EXCHANGE
    Berument, M. Hakan
    Ceylan, Nildag Basak
    [J]. PSYCHOLOGICAL REPORTS, 2013, 112 (03) : 763 - 770
  • [7] Stock Market Performance: Evidence from an Emerging Market
    Toan Ngoc Bui
    [J]. PACIFIC BUSINESS REVIEW INTERNATIONAL, 2019, 12 (05): : 15 - 26
  • [8] The Effect of Annual Independent Audit Reports on Stock Market Performance: Evidence from Turkey and Germany
    Kelten, Goksal Selahatdin
    Saritas, Hakan
    [J]. ESKISEHIR OSMANGAZI UNIVERSITESI IIBF DERGISI-ESKISEHIR OSMANGAZI UNIVERSITY JOURNAL OF ECONOMICS AND ADMINISTRATIVE SCIENCES, 2020, 15 (02): : 389 - 410
  • [9] Success in soccer and economic performance: Evidence from beŞİktaŞ-Turkey
    Hakan Berument
    Onur Ince
    Eray M. Yucel
    [J]. Rivista Internazionale di Scienze Economiche e Commerciali, 2006, 53 (2): : 260 - 274
  • [10] STOCK MARKET AND INVESTMENT IN TURKEY: EVIDENCE FROM COINTEGRATION AND CAUSALITY TESTS
    Feridun, Mete
    Sawhney, Bansi
    Jalil, Abdul
    [J]. EKONOMSKA ISTRAZIVANJA-ECONOMIC RESEARCH, 2010, 22 (04): : 17 - 29
12345