Impact of mega sport events on hosting countries' stock market
This paper examines the impact of the international sporting events on hosting country stock market. A total of 30 international sporting events had been utilized in this study where it comprises of five major sporting events namely Summer Olympics Games, Winter Olympics Games, FIFA World Cup, Europ...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
WorldConferences.net
2014
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| Online Access: | http://psasir.upm.edu.my/id/eprint/39259/1/39259.pdf |
| _version_ | 1796973504533364736 |
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| author | Cheng, Fan Fah Hwa, Tee Hai |
| author_facet | Cheng, Fan Fah Hwa, Tee Hai |
| author_sort | Cheng, Fan Fah |
| collection | UPM |
| description | This paper examines the impact of the international sporting events on hosting country stock market. A total of 30 international sporting events had been utilized in this study where it comprises of five major sporting events namely Summer Olympics Games, Winter Olympics Games, FIFA World Cup, European Football Championships and Commonwealth Games. In particular, this study uses event study methodology to analyse and investigate the stock reaction toward the event announcement date and event starting month. The empirical result indicate that there is short term positive effect on announcement date across whole stock market of event hosting country but the result indicates no long term positive effect after event starting month. |
| first_indexed | 2024-03-06T08:43:38Z |
| format | Conference or Workshop Item |
| id | upm.eprints-39259 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T08:43:38Z |
| publishDate | 2014 |
| publisher | WorldConferences.net |
| record_format | dspace |
| spelling | upm.eprints-392592017-07-24T08:02:10Z http://psasir.upm.edu.my/id/eprint/39259/ Impact of mega sport events on hosting countries' stock market Cheng, Fan Fah Hwa, Tee Hai This paper examines the impact of the international sporting events on hosting country stock market. A total of 30 international sporting events had been utilized in this study where it comprises of five major sporting events namely Summer Olympics Games, Winter Olympics Games, FIFA World Cup, European Football Championships and Commonwealth Games. In particular, this study uses event study methodology to analyse and investigate the stock reaction toward the event announcement date and event starting month. The empirical result indicate that there is short term positive effect on announcement date across whole stock market of event hosting country but the result indicates no long term positive effect after event starting month. WorldConferences.net 2014 Conference or Workshop Item NonPeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/39259/1/39259.pdf Cheng, Fan Fah and Hwa, Tee Hai (2014) Impact of mega sport events on hosting countries' stock market. In: 2nd International Conference on Social Sciences Research (ICSSR 2014), 9-10 June 2014, Kota Kinabalu, Sabah, Malaysia. (pp. 582-593). http://worldconferences.net/proceedings/icssr2014/toc/papers_icssr2014/IC%20228%20CHENG%20FAN%20FAH.pdf |
| spellingShingle | Cheng, Fan Fah Hwa, Tee Hai Impact of mega sport events on hosting countries' stock market |
| title | Impact of mega sport events on hosting countries' stock market |
| title_full | Impact of mega sport events on hosting countries' stock market |
| title_fullStr | Impact of mega sport events on hosting countries' stock market |
| title_full_unstemmed | Impact of mega sport events on hosting countries' stock market |
| title_short | Impact of mega sport events on hosting countries' stock market |
| title_sort | impact of mega sport events on hosting countries stock market |
| url | http://psasir.upm.edu.my/id/eprint/39259/1/39259.pdf |
| work_keys_str_mv | AT chengfanfah impactofmegasporteventsonhostingcountriesstockmarket AT hwateehai impactofmegasporteventsonhostingcountriesstockmarket |