ANALYSIS OF THE RELATIONSHIP BETWEEN NOTIFICATIONS OF FOOTBALL CLUBS AND STOCK RETURNS USING EVENT STUDY METHOD
Purpose - The purpose of this study is to examine the effect of the Public Disclosure Platform (KAP) notifications of Beşiktaş, Galatasaray, Fenerbahçe and Trabzonspor clubs on stock returns. Methodology – In the study, the transfer meeting announcements of football clubs, the positive results of th...
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| Format: | Article |
| Language: | English |
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Selcuk University Press
2021-04-01
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| Series: | Sosyal Ekonomik Araştırmalar Dergisi |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/1615359 |
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| _version_ | 1849398703608037376 |
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| author | Mesut Doğan Sevgi Sumerli Sarıgül Mustafa Kevser |
| author_facet | Mesut Doğan Sevgi Sumerli Sarıgül Mustafa Kevser |
| author_sort | Mesut Doğan |
| collection | DOAJ |
| description | Purpose - The purpose of this study is to examine the effect of the Public Disclosure Platform (KAP) notifications of Beşiktaş, Galatasaray, Fenerbahçe and Trabzonspor clubs on stock returns. Methodology – In the study, the transfer meeting announcements of football clubs, the positive results of the transfer negotiations and the dates of the sponsorship agreement were evaluated as notification dates. In the research, the data of 2009-2010/2019-2020 seasons were used and the changes in stock returns on (date) and afterwards were determined. However, due to the COVID-19 outbreak, the data included in 2020 were not analyzed. Findings – In the analysis, it is concluded that notifications related to football clubs provide extremely high returns from stocks, and the market is not effective. Conclusions – As a result of the notifications of important transfers to KAP, all news channels and newspapers give an important place to this notification. As a result of this situation, people can buy the stocks of their existing teams by not acting rationally and with the awareness of fans. Based on this, it is understood that the transfer news is effective for Turkish football clubs. |
| format | Article |
| id | doaj-art-9be8783f241d4ffcb25cd95843509fab |
| institution | Kabale University |
| issn | 2148-3043 |
| language | English |
| publishDate | 2021-04-01 |
| publisher | Selcuk University Press |
| record_format | Article |
| series | Sosyal Ekonomik Araştırmalar Dergisi |
| spelling | doaj-art-9be8783f241d4ffcb25cd95843509fab2025-08-20T03:38:31ZengSelcuk University PressSosyal Ekonomik Araştırmalar Dergisi2148-30432021-04-01211667510.30976/susead.890430154ANALYSIS OF THE RELATIONSHIP BETWEEN NOTIFICATIONS OF FOOTBALL CLUBS AND STOCK RETURNS USING EVENT STUDY METHODMesut Doğan0Sevgi Sumerli Sarıgül1Mustafa Kevser2AFYON KOCATEPE ÜNİVERSİTESİMESLEK YÜKSEKOKULUBANDIRMA ONYEDİ EYLÜL ÜNİVERSİTESİPurpose - The purpose of this study is to examine the effect of the Public Disclosure Platform (KAP) notifications of Beşiktaş, Galatasaray, Fenerbahçe and Trabzonspor clubs on stock returns. Methodology – In the study, the transfer meeting announcements of football clubs, the positive results of the transfer negotiations and the dates of the sponsorship agreement were evaluated as notification dates. In the research, the data of 2009-2010/2019-2020 seasons were used and the changes in stock returns on (date) and afterwards were determined. However, due to the COVID-19 outbreak, the data included in 2020 were not analyzed. Findings – In the analysis, it is concluded that notifications related to football clubs provide extremely high returns from stocks, and the market is not effective. Conclusions – As a result of the notifications of important transfers to KAP, all news channels and newspapers give an important place to this notification. As a result of this situation, people can buy the stocks of their existing teams by not acting rationally and with the awareness of fans. Based on this, it is understood that the transfer news is effective for Turkish football clubs.https://dergipark.org.tr/tr/download/article-file/1615359football clubsstock returnsevent studyfootball clubsstock returnspublic disclosure platformevent studynews |
| spellingShingle | Mesut Doğan Sevgi Sumerli Sarıgül Mustafa Kevser ANALYSIS OF THE RELATIONSHIP BETWEEN NOTIFICATIONS OF FOOTBALL CLUBS AND STOCK RETURNS USING EVENT STUDY METHOD Sosyal Ekonomik Araştırmalar Dergisi football clubs stock returns event study football clubs stock returns public disclosure platform event study news |
| title | ANALYSIS OF THE RELATIONSHIP BETWEEN NOTIFICATIONS OF FOOTBALL CLUBS AND STOCK RETURNS USING EVENT STUDY METHOD |
| title_full | ANALYSIS OF THE RELATIONSHIP BETWEEN NOTIFICATIONS OF FOOTBALL CLUBS AND STOCK RETURNS USING EVENT STUDY METHOD |
| title_fullStr | ANALYSIS OF THE RELATIONSHIP BETWEEN NOTIFICATIONS OF FOOTBALL CLUBS AND STOCK RETURNS USING EVENT STUDY METHOD |
| title_full_unstemmed | ANALYSIS OF THE RELATIONSHIP BETWEEN NOTIFICATIONS OF FOOTBALL CLUBS AND STOCK RETURNS USING EVENT STUDY METHOD |
| title_short | ANALYSIS OF THE RELATIONSHIP BETWEEN NOTIFICATIONS OF FOOTBALL CLUBS AND STOCK RETURNS USING EVENT STUDY METHOD |
| title_sort | analysis of the relationship between notifications of football clubs and stock returns using event study method |
| topic | football clubs stock returns event study football clubs stock returns public disclosure platform event study news |
| url | https://dergipark.org.tr/tr/download/article-file/1615359 |
| work_keys_str_mv | AT mesutdogan analysisoftherelationshipbetweennotificationsoffootballclubsandstockreturnsusingeventstudymethod AT sevgisumerlisarıgul analysisoftherelationshipbetweennotificationsoffootballclubsandstockreturnsusingeventstudymethod AT mustafakevser analysisoftherelationshipbetweennotificationsoffootballclubsandstockreturnsusingeventstudymethod |