New evidence on the impact of the English national soccer team on the FTSE 100

Bauckloh, Tobias; Heiden, Sebastian; Klein, Christian; Zwergel, Bernhard

doi:10.1016/j.frl.2018.04.001

Cited by 5 publications

(4 citation statements)

References 8 publications

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“…This indicates that the performance of China Men's National Football Team significantly impacts the performance of the Chinese stock market within the same period. When China Men's National Football Team achieves better results, the market tends to offer better returns, consistent with the findings of Bauckloh et al (2019) [3]. Meanwhile, consumer confidence shows a negative correlation with stock market performance and is significant at the 95% confidence level.…”

Section: Base Regressionsupporting

confidence: 81%

“…denotes the match outcome, where a team scores 0 for a loss in regular time or overtime, 0.5 for a draw or a loss in a penalty shootout, 0.75 for a win in a penalty shootout, and 1 for a win in regular time or overtime. 𝑊 𝑒 represents the expected outcome of the match, calculated as: (3) where 𝑑𝑟is the ranking difference between the two teams before the match. Given that FIFA points effectively measure a football team's overall performance over a certain period, and due to their use as a standard for categorizing inter competitions, they are highly regarded by football teams worldwide.…”

Section: Data Collection and Processingmentioning

confidence: 99%

“…Conversely, poor team performance can spread negative emotions, leading to a downturn in market sentiment and affecting stock market performance. This phenomenon is observed in many countries and regions, albeit with varying degrees of research depth and breadth [3][4].…”

Section: Introductionmentioning

confidence: 97%

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The Impact of Sports Team Performance on the Stock Market: Evidence from China Men's National Football Team

2024

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This study focuses on China Men's National Football Team and the Chinese stock market to explore how the performance of sports teams affects the stock market of their country. Regression analysis reveals a significant positive correlation between the performance of the Chinese stock market and the achievements of China Men's National Football Team. Notably, superior outcomes by the team on an inter scale are associated with concurrent positive performance in the stock market. Further analysis through interaction term regression suggests that consumer confidence moderates the irrational behaviors of investors influenced by the team's performance. Additionally, the achievements of China Men's National Football Team exacerbate the temporary pricing errors in the stock market caused by irrational sentiments driven by consumer confidence. The findings of this study remain consistent across both the Shanghai and Shenzhen stock exchanges.

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Section: Base Regressionsupporting

confidence: 81%

Section: Data Collection and Processingmentioning

confidence: 99%

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The Impact of Sports Team Performance on the Stock Market: Evidence from China Men's National Football Team

2024

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“…Another group of studies ( Dhai, 2015 , Becchetti et al, 2015 , Sherif, 2016 , Durand et al, 2016 , Umer et al, 2019 , Bauckloh et al, 2019 , Landi and Sciarelli, 2019 , Shaikh et al, 2019 , Vasisht, 2017 , Anwaar, 2016 , Wu et al, 2017 ) has investigated the performance of the FTSE and other Islamic indices, and provide an overall picture of somewhat mixed findings. For example, Tahir and Ibrahim (2020) find that Shariah-compliant companies (SCCs) outperformed non-Shariah compliant companies in terms of both accounting and market returns.…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of Coronavirus (COVID-19) outbreak on faith-based investments: An original analysis

Sherif

2020

Journal of Behavioral and Experimental Finance

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This paper examines the rapid spread of Coronavirus (COVID-19) and its short-term impact on the Shariah-compliant UK Dow Jones market index to capture the dynamic behavior of stock returns at economy and industry levels. Using daily data over the period January 20 to May 20 and ten UK industrial sector groupings, the findings suggest a strong and statistically significant relationship between the COVID-19 pandemic and the performance of the conventional stock market index. The findings also suggest that the disease interacts negatively but insignificantly with the Dow Jones faith-based ethical (Islamic) index compared to its UK counterpart. In addition, through an analysis of sector groupings, the paper shows that the stock returns of the information technology sector performed significantly better than the market, while stock returns of consumer discretionary sector, which includes transportation, beverages, tourism and leisure, consumer services performed significantly worse than the market during the COVID-19 outbreak. Other sector groupings fail to yield significantly plausible parameter values.

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Fan tokens: Sports and speculation on the blockchain

Scharnowski,

Zimmermann

2023

Journal of International Financial Markets, Institutions and Mo

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New evidence on the impact of the English national soccer team on the FTSE 100

Cited by 5 publications

References 8 publications

The Impact of Sports Team Performance on the Stock Market: Evidence from China Men's National Football Team

The Impact of Sports Team Performance on the Stock Market: Evidence from China Men's National Football Team

The impact of Coronavirus (COVID-19) outbreak on faith-based investments: An original analysis

Fan tokens: Sports and speculation on the blockchain

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