Effects of Football Match Results of Croatian National Team on Stock Returns: Evidence from Zagreb Stock Exchange

Škrinjarić, Tihana; Barišić, Patrik

doi:10.2478/zireb-2019-0010

Cited by 8 publications

(11 citation statements)

References 50 publications

(43 reference statements)

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“…The result of studies from [2], there is not significant effects on the Brazilian stock market following football matches, while the result from [8] no effects reported for Porto Club on stock return. With the same result found in Zagreb Stock Exchange [16], which is no significant effects of winning or losing a football match, even when controlling for game being friendly, competitive tournament or qualification one. And also that no profitable trading strategies could be obtained around the football match day.…”

Section: Introductionsupporting

confidence: 72%

Do International Football Match and Host Country Impact Stock Return in Indonesia?

Rakhmat¹

2021

Proceedings of the 1st International Conference on Economics Engineering and Social Science, InCEESS 2020, 17-18 July, Bekasi,

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This research is an analysis to find out about effect of football match and Host Country on Stock Return in Indonesia Stock Exchange. This study focuses on the specific football championship including ASIAN Football Cup, ASIAN GAMES, SEA GAMES, and AFF CUP for the period from 1996 until 2019. The tool used in this research is EVIEWS data analytics software and its multiple regression analysis specially. Variable included in the regression model are football match, host country, and stock price. The result of this study showed that stock return in Indonesia does not influenced by football match and host country.

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Section: Introductionsupporting

confidence: 72%

Do International Football Match and Host Country Impact Stock Return in Indonesia?

Rakhmat¹

2021

Proceedings of the 1st International Conference on Economics Engineering and Social Science, InCEESS 2020, 17-18 July, Bekasi,

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“…However, the research from 2020 focuses on the circular economy (CE) concepts on the whole economy level and not in the tourism industry. Some authors have connected the measurement of sustainability to the circular economy [63]. Such research is currently rare in the literature but is important, as the results here show that the SD and CE concepts are very much connected and cannot be observed disjointedly.…”

Section: Literature Reviewmentioning

confidence: 76%

Ranking Environmental Aspects of Sustainable Tourism: Case of Selected European Countries

Škrinjarić

2021

Sustainability

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The tourism industry is one of the fastest-growing industries today, and it is important to obtain insights into its good and bad practices. This will provide policymakers with as much information as possible to tailor specific policies to facilitate tourism and economic growth. The main purpose of this paper is a critical overview of the related research on the topic of evaluating sustainable tourism in European countries and extensive empirical research on achieving sustainable tourism. This research includes Grey Systems Theory (GST) as the main tool in evaluating the efficiency of sustainable tourism. Robustness checking is done via the multiple criteria decision making (MCDM) approach. Although the literature on tourism efficiency is vast, there is a smaller amount of research related to the approach taken in this paper. Thus, a comprehensive and insightful analysis will be done so that relevant and timely information can be obtained for the future decision-making process. Furthermore, a dynamic analysis will be provided so that changes in time can be observed and a detailed analysis can be made.

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“…This study also predicts that markets react differently to wins or losses in away and home matches. Psychologically, the home-court advantage in professional sports matches motivates home teams more to win than away teams (Škrinjarić & Barišić, 2019). According to Jamieson (2010), more than 50% of home teams win professional sports games.…”

Section: Market Reaction To Football Match Resultsmentioning

confidence: 99%

Market reactions to football match results: The effect of venues and competition types

Dwi¹,

Dorkas²,

Huruta³

2021

EurJ Appl Econ

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This study seeks to investigate the stock market reaction to football match results in different venues and competition types, especially for three major football clubs: Manchester United, Juventus FC, and Borussia Dortmund. We use a parametric paired sample t-test. The findings show that investors take not only match results but also venues and competition types into consideration when making investment decisions. This study indicates the stock markets of football clubs are semi-strong efficient markets. Different market reaction to match results for each football club studied implies the importance of understanding the specific characteristics of those clubs in making investment decisions. The findings suggest the football club investors need to consider their clubs' competitive performance in different venues and competition types when making portfolio investment decisions. This study complemented the previous assumption on the importance of venues, and competition types match results in making investment decisions.

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Effects of Football Match Results of Croatian National Team on Stock Returns: Evidence from Zagreb Stock Exchange

Cited by 8 publications

References 50 publications

Do International Football Match and Host Country Impact Stock Return in Indonesia?

Do International Football Match and Host Country Impact Stock Return in Indonesia?

Ranking Environmental Aspects of Sustainable Tourism: Case of Selected European Countries

Market reactions to football match results: The effect of venues and competition types

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