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- W3123740131 abstract "We analyse the links between soccer match results, bets and stock returns of all listed European soccer teams. Using an event study approach, we measure abnormal returns following wins, ties and losses. Wins are associated with positive abnormal returns, and ties and losses with negative abnormal returns. Additionally, we analyse the role of bets in shaping market reactions to unexpected results, which we find to be non-significant. We propose an alternative econometric approach, using seemingly unrelated regression models, to take into account the problem of overlapping events. While our results concerning match results are confirmed, abnormal returns following unexpected results are found to be statistically significant and to magnify the positive (negative) effects of wins (losses)." @default.
- W3123740131 created "2021-02-01" @default.
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- W3123740131 date "2012-01-01" @default.
- W3123740131 modified "2023-09-23" @default.
- W3123740131 title "Event Clustering and Abnormal Returns: Reassessing the Informational Value of Bets" @default.
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- W3123740131 doi "https://doi.org/10.2139/ssrn.2021156" @default.
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