Investor Reactions to a Change in Coach in European Football

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Investor Reactions to a Change in Coach in European Football

Popis výsledku v původním jazyce

The appointment of a new coach is often a turning point in the development of a football club?s game. However, apart from the development of its game, the change affects the club?s economic prospects as well. For investors, the coach is the club?s manager who is responsible for its sporting and financial performance. Other studies have intensively investigated the impact of the results of specific games on share prices, see e.g. Ashton et al. (2011). While there are several investigations into game results, the relationship between the change in a club?s coach and the reaction of share prices and especially the related trade volume has rarely been probed. This paper investigates the statistical significance of the daily trade volume of a listed European football club following a change in its coach. The findings show that the appointment of a new coach has an immediate impact on investors? interests through a change in the trading volume.

Název v anglickém jazyce

Investor Reactions to a Change in Coach in European Football

Popis výsledku anglicky

The appointment of a new coach is often a turning point in the development of a football club?s game. However, apart from the development of its game, the change affects the club?s economic prospects as well. For investors, the coach is the club?s manager who is responsible for its sporting and financial performance. Other studies have intensively investigated the impact of the results of specific games on share prices, see e.g. Ashton et al. (2011). While there are several investigations into game results, the relationship between the change in a club?s coach and the reaction of share prices and especially the related trade volume has rarely been probed. This paper investigates the statistical significance of the daily trade volume of a listed European football club following a change in its coach. The findings show that the appointment of a new coach has an immediate impact on investors? interests through a change in the trading volume.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

7th International Scientific Conference Managing and Modelling of Financial Risks

ISBN

9788024836317

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

914-922

Název nakladatele

VŠB- Technical University of Ostrava, Czech Republic

Místo vydání

Ostrava

Místo konání akce

Ostrava

Datum konání akce

8. 9. 2014

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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