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Modelling of football companies' rates of return according to sport results and bookmakers' expectations on the example of serie A

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  • Sebastian Majewski

Abstract

The main goal of this article is to investigate whether the rates of return on listed companies - football clubs can affect their athletic performance or bookmakers' market expectations. For this purpose 2001-2014 stock prices were collected of three companies - AS Roma, Juventus and SS Lazio - listed on the Milan Stock Exchange as well as their betting odds from the website www.betexplorer.com. The assumption that there are relationships between financial factors and results of sport events or bookmakers’ expectation was posed after the study of the world literature in this field.

Suggested Citation

  • Sebastian Majewski, 2014. "Modelling of football companies' rates of return according to sport results and bookmakers' expectations on the example of serie A," Business and Economic Horizons (BEH), Prague Development Center, vol. 10(3), pages 214-222, October.
    • Handle: RePEc:pdc:jrnbeh:v:10:y:2014:i:3:p:214-222
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    References listed on IDEAS

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    1. Jonathan Michie & Christine Oughton, 2005. "The Corporate Governance of Professional Football Clubs in England," Corporate Governance: An International Review, Wiley Blackwell, vol. 13(4), pages 517-531, July.
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    Cited by:

    1. Robert Ślepaczuk & Igor Wabik, 2020. "The impact of the results of football matches on the stock prices of soccer clubs," Working Papers 2020-35, Faculty of Economic Sciences, University of Warsaw.
    2. Jerome Geyer-Klingeberg & Markus Hang & Matthias Walter & Andreas Rathgeber, 2018. "Do stock markets react to soccer games? A meta-regression analysis," Applied Economics, Taylor & Francis Journals, vol. 50(19), pages 2171-2189, April.

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    More about this item

    Keywords

    Economics of sport; football; stock exchange; betting odds; GARCH;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation

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