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

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.

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Year of publication:	2012
Authors:	Jørgensen, Casper W. ; Moritzen, Mark R. ; Stadtmann, Georg
Publisher:	Frankfurt (Oder) : European University Viadrina, Department of Business Administration and Economics
Subject:	Börsenkurs \| Information \| Effizienzmarktthese \| Fußballsport \| Professioneller Sport \| Event Study \| Dänemark \| news model \| football industry \| betting odds \| stock market \| market efficiency \| event study

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Series:	Discussion Paper ; 313
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	685571548 [GVK] hdl:10419/55512 [Handle] RePEc:zbw:euvwdp:313 [RePEc]
Classification:	G14 - Information and Market Efficiency; Event Studies ; L83 - Sports; Gambling; Recreation; Tourism ; G32 - Financing Policy; Capital and Ownership Structure
Source:	EconStor

Persistent link: https://www.econbiz.de/10010308119