Soccer and stock market risk: empirical evidence from the Istanbul stock exchange

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buir.contributor.authorBerument, Hakan
dc.citation.epage770en_US
dc.citation.issueNumber3en_US
dc.citation.spage763en_US
dc.citation.volumeNumber112en_US
dc.contributor.authorBerument, Hakanen_US
dc.contributor.authorCeylan, N. B.en_US
dc.date.accessioned2016-02-08T09:35:34Z
dc.date.available2016-02-08T09:35:34Z
dc.date.issued2013en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractThere is an emerging but important literature on the effects of sport events such as soccer on stock market returns. After a soccer team's win, agents discount future events more favorably and increase risk tolerance. Similarly, after a loss, risk tolerance decreases. This paper directly assesses risk tolerance after a sports event by using daily data from the three major soccer teams in Turkey (Beşiktaş, Fenerbahçe and Galatasaray). Results provide evidence that risk tolerance increases after a win, but similar patterns were not found after a loss. © Psychological Reports 2013.en_US
dc.description.provenanceMade available in DSpace on 2016-02-08T09:35:34Z (GMT). No. of bitstreams: 1 bilkent-research-paper.pdf: 70227 bytes, checksum: 26e812c6f5156f83f0e77b261a471b5a (MD5) Previous issue date: 2013en
dc.identifier.doi10.2466/17.05.PR0.112.3.763-770en_US
dc.identifier.eissn1558-691X
dc.identifier.issn0033-2941
dc.identifier.urihttp://hdl.handle.net/11693/20805
dc.language.isoEnglishen_US
dc.publisherSage Publications, Inc.en_US
dc.relation.isversionofhttp://dx.doi.org/10.2466/17.05.PR0.112.3.763-770en_US
dc.source.titlePsychological Reportsen_US
dc.subjectCommercial phenomenaen_US
dc.subjectHumanen_US
dc.subjectRisken_US
dc.subjectSocceren_US
dc.subjectStatisticsen_US
dc.subjectCommerceen_US
dc.subjectTurkeyen_US
dc.titleSoccer and stock market risk: empirical evidence from the Istanbul stock exchangeen_US
dc.typeArticleen_US

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