IDEAS home Printed from https://ideas.repec.org/p/sek/iacpro/8209526.html
   My bibliography  Save this paper

The Relationship Between Footballer and Head Coach Transfer News and Stock Prices of Sport Clubs

Author

Listed:
  • FARUK DAYI

    (KASTAMONU UNIVERSITY)

  • Ibrahim Yasar GOK

    (SULEYMAN DEMIREL UNIVERSITY)

  • Tolga ULUSOY

    (Kastamonu University)

Abstract

Sportive performances of sports clubs are closely pursued by investors and the effect of match results on stock prices are widely investigated in the literature. On the other hand, whatever the results of the matches might be, the football players and head coaches affect the game by their physical performances, abilities, intelligence and strategic thinking characteristics. Football players and head coaches are the most important assets of the clubs that they work for. Nevertheless, the impact of transfer news of football players and head coaches on the clubs' stock prices have rarely been studied. We aimed to analyze the effects of transfer news of Trabzonspor (TSPOR: Istanbul), one of the four sports clubs traded in Borsa Istanbul, on stock prices within the scope of this study. The transfers exceeding a capital of 1 million Euros during the period of 2013-2017 were investigated by event study analysis. By analyzing 47 events related to football players and 15 events to head coaches, it was found that the contract news of head coaches had more prominent effects on returns than that of footballers'.

Suggested Citation

  • FARUK DAYI & Ibrahim Yasar GOK & Tolga ULUSOY, 2018. "The Relationship Between Footballer and Head Coach Transfer News and Stock Prices of Sport Clubs," Proceedings of International Academic Conferences 8209526, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:8209526
    as

    Download full text from publisher

    File URL: https://iises.net/proceedings/39th-international-academic-conference-amsterdam/table-of-content/detail?cid=82&iid=011&rid=9526
    File Function: First version, 2018
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Sport clubs; transfer news; stock prices; event study analysis;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sek:iacpro:8209526. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klara Cermakova (email available below). General contact details of provider: https://iises.net/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.