Baim, Dean; Goukasian, Levon; Misch, Marilyn Betty - 2021
This paper examines the impact of Olympic Sponsorship announcements on stock returns for sponsors of the ten Olympic … Summer Games held between 1984 and 2020. The paper finds that sponsorship announcements are associated with an average 0 ….44% impact on returns on the announcement day. This increase translates to a $61 million increase in sponsoring firms’ market …