Author/Authors
Demirhan, Dilek Ege Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - İşletme Bölümü, Turkey
Title Of Article
STOCK MARKET REACTION TO NATIONAL SPORTING SUCCESS: CASE OF BORSA ISTANBUL
شماره ركورد
24544
Abstract
The aim of this study is to investigate whether the sporting success of Turkish national football team affects Borsa Istanbul (BIST) stock index returns. The link between the results of football matches and stock returns has been investigated by many researchers, and the findings of some of these studies revealed a relationship between them. In this study, the effects of Turkish national football team’s match results on BIST-100 index returns are investigated by using GARCH analysis. The analysis covers all the football matches played by Turkish national football team between 04.01.1988-25.05.2011. According to the findings, the wins of the national team are not affecting the BIST-100 index return, whereas the failures (losses and draws) have a negative effect.
From Page
107
NaturalLanguageKeyword
Behavioural finance , Sporting success , stock market returns , GARCH analysis
JournalTitle
Pamukkale Journal Of Sport Sciences
To Page
121
JournalTitle
Pamukkale Journal Of Sport Sciences
Link To Document