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

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

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

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

Název statě ve sborníku

European Financial Systems 2014

ISBN

9788021071537

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

178-183

Název nakladatele

Masarykova univerzita

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

1. 1. 2014

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000350701500023