Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/55512
Authors: 
Jørgensen, Casper W.
Moritzen, Mark R.
Stadtmann, Georg
Year of Publication: 
2012
Series/Report no.: 
Discussion paper // European University Viadrina, Department of Business Administration and Economics 313
Abstract: 
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.
Subjects: 
news model
football industry
betting odds
stock market
market efficiency
event study
JEL: 
G14
L83
G32
Document Type: 
Working Paper

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