Fung, Ka Wai Terence; Demir, Ender; Lau, Marco Chi Keung; … - Volkswirtschaftliche Fakultät, … - 2013
This paper examines the impact of international soccer matches on the Turkish stock market using firm level and sorted portfolio data, i.e. microeconomic evidence. Applying the Edmans et al. (2007) estimation method, we find a significant negative loss effect. However, once using panel data...