Soccer, stock returns and fanaticism: Evidence from Turkey


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

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

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 46 Konu: 3
  • Basım Tarihi: 2009
  • Doi Numarası: 10.1016/j.soscij.2009.06.001
  • Dergi Adı: SOCIAL SCIENCE JOURNAL
  • Sayfa Sayıları: ss.594-600

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.