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Societ〠Di Calcio Europee Quotate E Mercati Finanziari: Un'Analisi Empirica Sulle Determinanti Dei Corsi Azionari

Author

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  • Giampiero Maci
  • Vincenzo Pacelli
  • Elisabetta D'Apolito

Abstract

This article wants to analyze the influence of the sports performance of listed football clubs on their share prices as well as the relationship between the dynamics of the share prices, the competitive results, the economic and financial performance of all the European football clubs listed in Stock Exchange, in the period between 2012 and 2017. The process of forming the share price of listed football clubs is investigated through the multiple regression model in which the share price (dependent variable) is a function of several (independent) variables, both internal and external to listed European football clubs. This is because we want to analyze the impact on company share prices of both sports results and economic phenomena and business dynamics that affect the conditions of economic, financial and equity balance.

Suggested Citation

  • Giampiero Maci & Vincenzo Pacelli & Elisabetta D'Apolito, 2021. "Societ〠Di Calcio Europee Quotate E Mercati Finanziari: Un'Analisi Empirica Sulle Determinanti Dei Corsi Azionari," Rivista di Diritto ed Economia dello Sport, Centro di diritto e business dello Sport, vol. 17(2), pages 69-90, novembre.
    • Handle: RePEc:rde:rivdes:202102maci_pacelli_dapolito
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    More about this item

    Keywords

    Stock prices; football clubs; balance sheet indicators.;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • Z20 - Other Special Topics - - Sports Economics - - - General
    • Z23 - Other Special Topics - - Sports Economics - - - Finance

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