David-Jan Jansen

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It Hurts (Stock Prices) When Your Team Is About to Lose a Soccer Match

Staff Working Paper 2014-2 Michael Ehrmann, David-Jan Jansen
The end result of major sporting events has been shown to affect next-day stock returns through shifts in investor mood. By studying the soccer matches that led to the elimination of France and Italy from the 2010 FIFA World Cup, we show that mood-related pricing effects can materialize as sporting events unfold.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Asset Pricing, Financial markets JEL Code(s): G, G0, G02, G1, G12, G14, G15

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