Football and the risk-return relationship for a stock market: Borsa Istanbul

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buir.contributor.authorBerument, Hakan
dc.citation.epage30en_US
dc.citation.issueNumber2en_US
dc.citation.spage19en_US
dc.citation.volumeNumber49en_US
dc.contributor.authorBerument, Hakanen_US
dc.contributor.authorCeylan, N. B.en_US
dc.contributor.authorOnar, B.en_US
dc.date.accessioned2016-02-08T09:40:12Z
dc.date.available2016-02-08T09:40:12Z
dc.date.issued2013en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractWe hypothesize that results of football (soccer) teams affect the risk perception of people. People choose riskier investments after a win and less risky investments after a loss; this leads to higher (lower) returns in the stock market. These hypotheses are tested for the international matches of Turkey's three most popular teams (Beşiktaş, Fenerbahçe, and Galatasaray). The empirical findings suggests that the teams' wins led to higher asset returns and lower risk aversion on the following business day of the Borsa Istanbul and lower returns and higher risk aversion after a loss or a tie. © 2013 M.E. Sharpe, Inc. All rights reserved.en_US
dc.identifier.doi10.2753/REE1540-496X490202en_US
dc.identifier.eissn1558-0938
dc.identifier.issn1540-496X
dc.identifier.urihttp://hdl.handle.net/11693/21045
dc.language.isoEnglishen_US
dc.publisherRoutledgeen_US
dc.relation.isversionofhttp://dx.doi.org/10.2753/REE1540-496X490202en_US
dc.source.titleEmerging Markets Finance and Tradeen_US
dc.subjectBehavioral financeen_US
dc.subjectFootballen_US
dc.subjectPsychologyen_US
dc.subjectStock market returnsen_US
dc.titleFootball and the risk-return relationship for a stock market: Borsa Istanbulen_US
dc.typeArticleen_US

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