Author/Authors
kirkulak uludağ, berna dokuz eylul universitesi - işletme fakültesi, Turkey , sigali, seçil dokuz eylul universitesi - denizcilik fakültesi, Turkey
Title Of Article
Impact of Sporting Performance on Financial Performance: An Analysis of 4 Big Soccer Clubs in Turkey
شماره ركورد
44559
Abstract
The aim of this study is to examine the impact of sporting performance of soccer clubs on financial performance. The impact of match scores of Super Lig and National Cup on stock prices of Beşiktaş, Fenerbahçe, Galatasaray ve Trabzonspor soccer clubs listed on Borsa Istanbul (BIST) are investigated from 2009-2010 soccer season through 2012-2013 soccer season. The event study methodology is applied. The findings reveal the fact that defeats and draws significantly affect the market value of 4 Bigs. The investors’ reactions to defeats are negative and stronger than those to draws. In particular, in the case of defeats and draws, the investors of Beşiktaş and Fenerbahçe lose more than those of Galatasaray and Trabzonspor. This implies that the investors are not rationale and their reactions to sporting results are emotional.
From Page
575
NaturalLanguageKeyword
Soccer , 4 Bigs , stock returns , rationality
JournalTitle
Ege Academic Review (EAR)
To Page
585
JournalTitle
Ege Academic Review (EAR)
Link To Document