Rationality and Emotion in European Football: How Share Prices React to a New Coach?s Appointment

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F14%3A00077232" target="_blank" >RIV/00216224:14560/14:00077232 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Rationality and Emotion in European Football: How Share Prices React to a New Coach?s Appointment
Original language description
The appointment of a new coach is often a turning point for the development of a football club?s game. But apart from the development of its game, the change affects the club?s economic prospects as well. The coach has a position similar to that of a leading manager in ?classic? firms. Other studies have intensively investigated reactions in share prices to results of specific games (see, instead of many, Ashton et al. 2011). The relationship between a change in a club?s coach and the reaction of shareprices has rarely been investigated. The aim of this paper is to find out whether there is a statistically significant influence on the share price performance of a listed European football club following a change in its coach. The findings within the paper demonstrate that the appointment of a new coach immediately affects the stock?s performance. The analysis is based on the STOXX Europe Football Index. The index contains 23 European football clubs that are listed on a European stock e
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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