This study is discovering the impact of idiosyncratic and systematic shocks of COVID-19 pandemic on financial markets. Under a condition when the application of a conventional event-study is limited due to a high frequency of negative news – we suggest brute-force search to identify those...

The COVID-19 pandemic shut down sporting events. However, the Belarusian Premier League was the only top-flight European league not suspended during COVID-19 pandemics. In this study, we analyze the effect of attending football matches on the number of COVID-19 cases. The results show, that 1%...

Research question: According to behavioral economics, coaches may unconsciously bias from rational behavior, which in turn affects team performance. We analyze the influence of a particular coach behavioral bias, overconfidence, on a soccer team performance.Research methods: We use a sample of...

This study estimates an attendance demand model in a reduced form, with uncertainty as one of the determinants of demand, to test the Uncertainty of Outcome Hypothesis (UOH), using data from the Russian Football Premier League (RFPL). These data fit our requirements for two reasons. First, there...

This is the first paper to explore which characteristics of Russian fund managers are connected with a higher abnormal return (measured by Jensen's alpha) and risk (beta) for mutual funds. While only some fund managers publish biographic sketches we use the Heckman procedure to control for...