The news model of asset price determination: An empirical examination of the Danish football club Brøndby IF

Arbeitspapier

According to the news model of asset price determination, only the unexpected component of an information should drive the stock price. We use the Danish publicly listed football club Brøndby IF to analyze how match outcome impacts the stock price. To disentangle gross news from net news, betting odd information is used to control for the expected match outcome.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Discussion Paper ; No. 313

Classification and Topics

• Classification: Wirtschaft ; Information and Market Efficiency; Event Studies; Insider Trading ; Sports; Gambling; Restaurants; Recreation; Tourism ; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
• Subject: news model ; football industry ; betting odds ; stock market ; market efficiency ; event study ; Börsenkurs ; Information ; Effizienzmarktthese ; Fußballsport ; Professioneller Sport ; Event Study ; Dänemark

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Jørgensen, Casper W. ; Moritzen, Mark R. ; Stadtmann, Georg
• Event: Veröffentlichung
• (who): European University Viadrina, Department of Business Administration and Economics
• (where): Frankfurt (Oder)
• (when): 2012

Further information

• Handle: http://hdl.handle.net/10419/55512
• Last update: 10.03.2025, 11:41 AM CET