The Announcement Impact of Hosting the FIFA World Cup on Host Country Stock Markets

Ramdas, Bijen; Gaalen, Reinette van; Bolton, Jordy

doi:10.1016/s2212-5671(15)01290-3

Cited by 17 publications

(22 citation statements)

References 19 publications

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“…In addition, studies on the relationship between mega sporting events and the place where they are organized have a relatively short history and the first studies appeared after 1984 under the influence of LIO in Los Angeles [108,109]. Over the next 30 years, there were research results showing the relationship between events and their host [23,[111][112][113][114]. In Poland, the first such research and reports began in 2007 when the results of the selection of the host of Euro 2012 was announced [115].…”

Section: Discussionmentioning

confidence: 99%

Overtourism and Medium Scale Sporting Events Organisations—the Perception of Negative Externalities by Host Residents

Poczta¹,

Dąbrowska²,

Kazimierczak³

et al. 2020

Sustainability

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The main purpose of this study is to investigate the influence of non-mega sporting events on the perception of negative externalities of host residents. The detailed aim of the study was to examine whether the inhabitants of the city feel the negative effects of organizing sporting events (communication problems or inappropriate behavior of supporters) and do they believe that these events increase the level of crime in the city or, despite these inconveniences, they are satisfied with the organization of sporting events in their place of residence. The case study is the city of Poznan and two, well-known events in this agglomeration. The first one is the Poznan Half Marathon—medium scale mass event, the second one is Cavaliada—elite international equestrian event. The theoretical part of this article presents the meaning of sporting events organization for tourism industry and indicates the positive and negative effects this kind of tourism brings to host cities. The whole refers to the theoretical foundations of the term of “overtourism”. The second part of the manuscript presents empirical research results, between 774 active and passive participants, which was conducted by the method of diagnostic survey. The results of this research show that both athletes as well as fans of the Half Marathon said that the Poznan Half Marathon event causes bothersome communication problems in the city and some other social problems. The inhabitants only experience minor inconveniences that felt as a result of organizing sporting events in the city. The negative impact of Cavaliada was very low. For checking the differences between the two examined groups of respondents: Half Marathon fans and Cavaliada fans, Chi-square test and U Mann Whitney’s test was used. The participants feel bothersome communication problems that cause the Half Marathon and have an average level of dissatisfaction higher than the average level of dissatisfaction of Cavaliada participants. Moreover, the participants in the Half Marathon have an average level of satisfaction with the organization of sports events in Poznan significantly lower than the average level of satisfaction of Cavaliada participants. Therefore, an elite equestrian sporting event is less burdensome for its residents and gives them more satisfaction.

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Section: Discussionmentioning

confidence: 99%

Overtourism and Medium Scale Sporting Events Organisations—the Perception of Negative Externalities by Host Residents

Poczta¹,

Dąbrowska²,

Kazimierczak³

et al. 2020

Sustainability

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“…While is Europe, Samagaio, Couto, and Caiado (2009) investigated the association of sport performance, financial performance and stock returns for the English Football Clubs and provide a highly positive significant results. In short, studies in Europe about sports sentiments showed significant results, are provided by (Benkraiem and Roy (2011) (2015) and some Mixed conflicting results by (Floros, (2010), Ramdas, van Gaalen, and Bolton, (2015). Literature in Asia documented significant results of sport events and investor sentiment by (Refai and Eissa, (2017), Ryu, Kim, andYang, (2017), Eker, (2007) and mixed results by (Geyer-Klingeberg, Hang, Walter, and Rathgeber, ( 2017), Mishra and Smyth, (2010) but in fact, in Pakistan, no such studies were found in literature on the burning issue of T-20 PSL.…”

Section: Research Hypothesismentioning

confidence: 99%

“…The authors found significant negative results in case of losing effects. Another research with regards to hosting mega five FIFAsports events and its announcement impact on the stock returnshas been studied by Ramdas, van Gaalen, and Bolton (2015)where they found mixed results of the impact of the announcement of hosting the mega sports events on their respective stock markets returns. Brimicombe and Café (2012) added to literature by studying the association between win or lose during the world cup and domestic violence.…”

Section: 21united States Of America Stock Marketsmentioning

confidence: 99%

Investor Sentiment in Stock Market: A Case of Pakistan Super League in Pakistan Stock Exchange

ULLAH¹,

Asif²,

Muhammad³

et al. 2021

jbt

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This study investigates whether sentiments play any role while investors make financial decisions which results in the stock returns. The paper analyzes the major two sports events (2016-2017) of Pakistan Super League (PSL). The study utilizes the stock market data from Pakistan Stock Exchange (PSX)-100 index for the period of two financial years starting from June 2015 to July 2017. PSL T20 data is collected from the official PSL website. The empirical results of the studyshow that PSL sports events are highly statistically significant and imply that the events trigger investor sentiments (optimistic and pessimistic behaviors) in the PSX.When the whole PSL games were played on United Arab Emirates (UAE) grounds in 2016, later on, which badly affected the investor moods and resulted in a negative abnormal return in PSX-100 index. While in case of PSL event in 2017, in which only final match of the event was held in Lahore, Pakistan and resulted in a positive abnormal return in PSX-100 index. The study provides implications for different authorities such as Pakistan Cricket Board (PCB), PSX and other development authorities in order to promote such activities for the overall economic and social benefits. While founding no previous studies concerning the subject in the Pakistani context, the Scholar selected the issue to conduct a research and make a considerable contribution for investors in Pakistan with respect to PSL events and its impact on PSX. Keywords: Investor Sentiments, Stock returns, behavioral finance, Pakistan Super League, Pakistan Stock Exchange

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“…It is founded also that most countries show insignificant negative cumulative abnormal stock return. There are however few example where stock markets show positive cumulative abnormal stock return, with significant result [13].…”

Section: Introductionmentioning

confidence: 99%

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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The Announcement Impact of Hosting the FIFA World Cup on Host Country Stock Markets

Cited by 17 publications

References 19 publications

Overtourism and Medium Scale Sporting Events Organisations—the Perception of Negative Externalities by Host Residents

Overtourism and Medium Scale Sporting Events Organisations—the Perception of Negative Externalities by Host Residents

Investor Sentiment in Stock Market: A Case of Pakistan Super League in Pakistan Stock Exchange

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

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