Palomino, Frederic; Renneboog, Luc; Zhang, Chendi - In: Journal of Corporate Finance 15 (2009) 3, pp. 368-387
Soccer clubs listed on the London Stock Exchange provide a unique way of testing stock price reactions to different types of news. For each firm, two pieces of information are released on a weekly basis: experts' expectations about game outcomes through the betting odds, and the game outcomes...