| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 981594 | Procedia Economics and Finance | 2014 | 9 Pages |
Abstract
We consider data information from four football clubs, Porto and Benfica (Portugal), Juventus (Italy) and Ajax (the Netherlands), to test the link between their European performance (wins/draws/losses) and their stock returns. We report (a) positive effects of draws on Benfica's and Ajax's stock returns, and (b) a negative effect of draws and losses on Juventus's stock returns. No effects reported for Porto club. These findings are recommended to financial managers and investors dealing with football stock prices.
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