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Does Danish football club Brøndby swim with the fishes? An application of the reversed news model

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  • Croonenbroeck, Carsten
  • Monaco, Fabrizio Leonardo
  • Christensen, Mads Julius

Abstract

We complement a former study by Jørgensen, Moritzen and Stadtmann (2012) and estimate a reversed news model for the Danish publicly listed football club Brøndby. In addition to match outcome (as in Jørgensen et al.), news related to corporate governance and the financial status are also important.

Suggested Citation

  • Croonenbroeck, Carsten & Monaco, Fabrizio Leonardo & Christensen, Mads Julius, 2012. "Does Danish football club Brøndby swim with the fishes? An application of the reversed news model," Discussion Papers 330, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
    • Handle: RePEc:zbw:euvwdp:330
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    References listed on IDEAS

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    More about this item

    Keywords

    Reversed News Model; Asset Prices; Stock Market;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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