Soccer, stock returns, and fanatiscism: evidence from Turkey
Date
2009
Authors
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Instructor
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
Type
Journal Title
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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.