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Multi-national enterprises (MNEs) have provided substantial sponsorship for the Sochi Winter Olympic Games despite a … particularly noteworthy given the powerful “branding” benefits that MNEs seek through Olympic sponsorship …
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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 …
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