Kaplanski, Guy; Levy, Haim - In: Journal of Financial and Quantitative Analysis 45 (2010) 02, pp. 535-553
In a recently published paper, Edmans, García, and Norli (2007) reveal a strong association between results of soccer games and local stock returns. Inspired by their work, we propose a novel approach to exploit this effect on the aggregate international level with the following three unique...