The Effect of Financial and Sports Achievements of Football Clubs on Stock Values: A Study on European and Super League Clubs
Yükleniyor...
Dosyalar
Tarih
2020 Aralık
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Selçuk Üniversitesi
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
In the literature, although there are studies examining the stock values by applying the ratio analysis method with the
data obtained from the financial tables of football clubs, there are limited number of studies examining the factors affecting the
stock values of football clubs with econometric methods. The main aim of the study is to investigate the effects of financial and
sports achievements criteria of 14 football clubs on stock values competing in European League and Turkish Super League and
traded on the stock market. The study includes a four-year period between 2016-2019. In this period, 6-month financial data of
the clubs were tested by using panel data analysis method. Empirical results reveal that the market value and league scores of
football clubs affect the stock value positively, but club revenues affect the stock value negatively.
Açıklama
Anahtar Kelimeler
football clubs, stock, panel data
Kaynak
Turkish Journal of Sport and Exercise
WoS Q Değeri
Scopus Q Değeri
Cilt
22
Sayı
3
Künye
Ay, M., Erkoçak, H. E., (2020). The Effect of Financial and Sports Achievements of Football Clubs on Stock Values: A Study on European and Super League Clubs. Turkish Journal of Sport and Exercise, 23(3), 402-413.
DOI: 10.15314/tsed.732764
