Soccer, stock returns and fanaticism: Evidence from Turkey

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

SOCIAL SCIENCE JOURNAL, vol.46, no.3, pp.594-600, 2009 (SSCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 46 Issue: 3
  • Publication Date: 2009
  • Doi Number: 10.1016/j.soscij.2009.06.001
  • Journal Name: SOCIAL SCIENCE JOURNAL
  • Journal Indexes: Social Sciences Citation Index (SSCI), Scopus
  • Page Numbers: pp.594-600
  • Hacettepe University Affiliated: Yes

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.