Stock Markets’ Reactions to the Announcement of the Hosts. An Event Study in the Analysis of Large Sporting Events in the Years 1976–2032

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-02-15 DOI:10.1177/15270025231156051

K. Zawadzki, Marcin Potrykus

引用次数: 0

Abstract

This study attempts to estimate the impact of the announcements of hosts of large sporting events on domestic stock markets. The research problem is to establish a connection between the uniqueness of a sporting event and investors’ beliefs through stock price behavior. Using appropriate estimation windows, 13 different sporting events classified as large, including mega and major events, were tested. The obtained results show that, in principle, one day after the announcement of the host of a large sporting event, an average positive reaction of 0.22% is observed on national stock exchanges. The analyzed events were also classified as being neutral for capital markets or generating positive or negative reactions when the host country is announced to the public.

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股市对东道主宣布的反应。1976-2032年大型体育赛事分析中的事件研究

本研究试图估计大型体育赛事主办单位公告对国内股市的影响。研究问题是通过股价行为建立体育赛事的独特性与投资者信念之间的联系。使用适当的估计窗口，测试了13个被归类为大型的不同体育赛事，包括大型和大型赛事。所得结果表明，原则上，大型体育赛事举办地公布后一天，全国证券交易所的平均积极反应为0.22%。分析的事件还被分类为对资本市场来说是中性的，或者在向公众宣布东道国时产生积极或消极的反应。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.