Scholtens, Bert; Peenstra, Wijtze - In: Applied Economics 41 (2009) 25, pp. 3231-3237
We analyse the effect of results of football matches on the stock market performance of football teams. We analyse 1274 matches of eight teams in the national and European competition during 2000-2004. We find that the stock market response is significant and positive for victories and negative...