Performance of soccer on the stock market: evidence from Turkey

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buir.contributor.authorBerument, Hakan
dc.citation.epage699en_US
dc.citation.issueNumber4en_US
dc.citation.spage695en_US
dc.citation.volumeNumber43en_US
dc.contributor.authorBerument, Hakanen_US
dc.contributor.authorCeylan, N. B.en_US
dc.contributor.authorGozpinar, E.en_US
dc.date.accessioned2015-07-28T11:57:59Z
dc.date.available2015-07-28T11:57:59Z
dc.date.issued2006en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThis 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.en_US
dc.identifier.doi10.1016/j.soscij.2006.08.021en_US
dc.identifier.eissn1873-5355
dc.identifier.issn0362-3319
dc.identifier.urihttp://hdl.handle.net/11693/11522
dc.language.isoEnglishen_US
dc.publisherPergamon Pressen_US
dc.relation.isversionofhttp://dx.doi.org/10.1016/j.soscij.2006.08.021en_US
dc.source.titleThe Social Science Journalen_US
dc.subjectStock marketen_US
dc.subjectSocceren_US
dc.subjectTurkeyen_US
dc.titlePerformance of soccer on the stock market: evidence from Turkeyen_US
dc.typeArticleen_US
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