Soccer, Stock Returns And Fanaticism: Evidence From Turkey
Berument, M. Hakan
Ceylan, Nildag Basak
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This paper assesses the effect of three major soccer teams' wins on the returns of the Istanbul Stock Exchange (ISE). We argue that the effect of soccer wins on ISE returns increases with the fanaticism of the teams' supporters. (C) 2009 Western Social Science Association. Published by Elsevier Inc. All rights reserved.