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The impact of mega sports events on the stock markets

Author

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  • Zawadzki, Krystian

Abstract

This study attempts to estimate the impact of mega sports events organization on the stock market. For this purpose, there were selected seven sporting events taking place in the World Cup and European Football Championships and summer and winter Olympic Games. Next their impact on national equity markets represented by the major stock indices was determined. The study was conducted in two periods of research, ie the date of publication decision to hold an event and during the event itself.

Suggested Citation

  • Zawadzki, Krystian, 2013. "The impact of mega sports events on the stock markets," MPRA Paper 44467, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:44467
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    References listed on IDEAS

    as
    1. António Martins & Ana Serra, 2011. "Market impact of international sporting and cultural events," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 35(4), pages 382-416, October.
    2. Gabrielle Berman & Robert Brooks & Sinclair Davidson, 2000. "The Sydney Olympic Games announcement and Australian stock market reaction," Applied Economics Letters, Taylor & Francis Journals, vol. 7(12), pages 781-784.
    3. Martin Mirman & Rajneesh Sharma, 2010. "Stock market reaction to Olympic Games announcement," Applied Economics Letters, Taylor & Francis Journals, vol. 17(5), pages 463-466.
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    More about this item

    Keywords

    mega sport event; stock market; stock indices; Olympic Games; World Cup; European Football Championship;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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