| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 140582 | The Social Science Journal | 2006 | 5 Pages |
Abstract
This paper assesses the effect of soccer success on stock market returns for three major Turkish teams (Beşiktaş, Fenerbahçe and Galatasaray) after certain characteristics of the stock market are controlled for. The empirical evidence presented here suggests that Beşiktaş'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 (Fenerbahçe and Galatasaray). The day of the week effect on the stock market and the relationship between risk and return are also presented.
Related Topics
Social Sciences and Humanities
Psychology
Social Psychology
Authors
Hakan Berument, Nildag Basak Ceylan, Esin Gozpinar,