By means of an event study of stock market reactions to the announcement of the Olympic Games host cities, we find a significant and positive announcement effect of hosting the Summer Games, with a cumulative abnormal return of about 2% within a few days. We do not find any significant results...

Rose & Spiegel (2011) find that Olympic Games host countries experience significant positive and lasting effects on exports. They interpret their results as an indication that countries use the hosting of such an event as a signal of their (new) openness and competitiveness. We challenge these...

Die sozio-ökonomischen Einflussfaktoren der Olympischen Medaillengewinne von 1960 bis 2004 werden mithilfe einer Tobit-Analyse geschätzt. Frühere Arbeiten werden bestätigt, wonach das Bruttoinlandproduktes pro Kopf, die Bevölkerungsgröße, der Heimvorteil, das Vorliegen eines...

This contribution analyzes 132 factors on their potential to discriminate countries bidding for hosting the Olympic Games from non-bidding countries. Our binary, clustered model using generalized estimating equations (GEE) shows that countries recording long-term economic growth and pursuing a...