Investor Reactions to a Change in Coach in European Football

D 2014

Investor Reactions to a Change in Coach in European Football

ZURECK, Alexander; Svend REUSE; Martin SVOBODA a Eric FRÉRE

Základní údaje

Originální název

Investor Reactions to a Change in Coach in European Football

Autoři

ZURECK, Alexander; Svend REUSE; Martin SVOBODA a Eric FRÉRE

Vydání

1 st. Ostrava, 7th International Scientific Conference Managing and Modelling of Financial Risks, od s. 914-922, 9 s. 2014

Nakladatel

VŠB- Technical University of Ostrava, Czech Republic

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

tištěná verze "print"

Označené pro přenos do RIV

Ano

Kód RIV

RIV/00216224:14560/14:00076970

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-248-3631-7

UT WoS

000350605800116

Klíčová slova anglicky

Change in Coach; Information Efficiency; STOXX Europe Football Index; Trade Volume

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 27. 4. 2015 10:05, Mgr. Daniela Marcollová

Anotace

V originále

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.

Návaznosti

MUNI/A/0786/2013, interní kód MU

Název: Analýza a predikce vývoje cen finančních a investičních nástrojů

Investor: Masarykova univerzita, Analýza a predikce vývoje cen finančních a investičních nástrojů, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Citovat

ZURECK, Alexander; Svend REUSE; Martin SVOBODA a Eric FRÉRE. Investor Reactions to a Change in Coach in European Football. In Ing. Miroslav Čulík, Ph.D. 7th International Scientific Conference Managing and Modelling of Financial Risks. 1 st. Ostrava: VŠB- Technical University of Ostrava, Czech Republic, 2014, s. 914-922. ISBN 978-80-248-3631-7.

@inproceedings{1203686,
   author = {Zureck, Alexander and Reuse, Svend and Svoboda, Martin and Frére, Eric},
   address = {Ostrava},
   booktitle = {7th International Scientific Conference Managing and Modelling of Financial Risks},
   edition = {1 st},
   editor = {Ing. Miroslav Čulík, Ph.D.},
   keywords = {Change in Coach; Information Efficiency; STOXX Europe Football Index; Trade Volume},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Ostrava},
   isbn = {978-80-248-3631-7},
   pages = {914-922},
   publisher = {VŠB- Technical University of Ostrava, Czech Republic},
   title = {Investor Reactions to a Change in Coach in European Football},
   year = {2014}
}

TY  - CONF
ID  - 1203686
AU  - Zureck, Alexander - Reuse, Svend - Svoboda, Martin - Frére, Eric
PY  - 2014
TI  - Investor Reactions to a Change in Coach in European Football
PB  - VŠB- Technical University of Ostrava, Czech Republic
CY  - Ostrava
SN  - 9788024836317
KW  - Change in Coach
KW  - Information Efficiency
KW  - STOXX Europe Football Index
KW  - Trade Volume
N2  - 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.
ER  -

ZURECK, Alexander; Svend REUSE; Martin SVOBODA a Eric FRÉRE. Investor Reactions to a Change in Coach in European Football. In Ing. Miroslav Čulík, Ph.D. \textit{7th International Scientific Conference Managing and Modelling of Financial Risks}. 1 st. Ostrava: VŠB- Technical University of Ostrava, Czech Republic, 2014, s.~914-922. ISBN~978-80-248-3631-7.

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