Soccer, stock returns, and fanatiscism: evidence from Turkey

Date

2009

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Source Title

Social Science Journal

Print ISSN

0362-3319

Electronic ISSN

1873-5355

Publisher

Pergamon Press

Volume

46

Issue

4

Pages

594 - 600

Language

English

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Abstract

This paper assesses the effect of three major soccer teams' wins on the returns of the Istanbul Stock Exchange (ISE). We argue that the effect of soccer wins on ISE returns increases with the fanaticism of the teams' supporters. (C) 2009 Western Social Science Association. Published by Elsevier Inc. All rights reserved.

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Published Version (Please cite this version)