Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80819
Authors: 
Lamla, Michael J.
Straub, Martin
Girsberger Seelaus, Esther M.
Year of Publication: 
2012
Series/Report no.: 
KOF Working Papers, KOF Swiss Economic Institute, ETH Zurich 317
Abstract: 
Using firm-level data for up to 707 Swiss hotels and restaurants we evaluate the economic impact of the EURO 2008 soccer championship. Although aggregated macro data reveal no economic impact, we report an overall negative effect based on the surveyed companies. Notably the reported effects of the individual firms are very heterogeneous. For instance, hotels in cities benefitted from the tournament as they were able to raise prices and thereby increase profits. Looking at the long-run impact only a small fraction of companies do believe in a positive effect. Interestingly, this outlook does not depend on earnings, but on the guest structure.
Subjects: 
Euro 2008
Mega-event
firm-level data
JEL: 
L83
O18
R11
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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