Soccer, stock returns and fanaticism: Evidence from Turkey


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BERUMENT M. H., Ceylan N. B., Ogut-Eker G.

SOCIAL SCIENCE JOURNAL, cilt.46, sa.3, ss.594-600, 2009 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 46 Sayı: 3
  • Basım Tarihi: 2009
  • Doi Numarası: 10.1016/j.soscij.2009.06.001
  • Dergi Adı: SOCIAL SCIENCE JOURNAL
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.594-600
  • Hacettepe Üniversitesi Adresli: Evet

Özet

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.