Football sentiment and stock market returns: Evidence from a frontier market
This study examines the effect of investor sentiment on the Vietnamese stock market. Using the results of international football matches as exogenous shocks on investor sentiment, and information from two major stock exchanges, we document a link between investor sentiment and stock market returns....
Đã lưu trong:
| Những tác giả chính: | , , , , |
|---|---|
| Định dạng: | Journal article |
| Ngôn ngữ: | English |
| Được phát hành: |
Science Direct
2022
|
| Những chủ đề: | |
| Truy cập trực tuyến: | https://scholar.dlu.edu.vn/handle/123456789/767 |
| Các nhãn: |
Thêm thẻ
Không có thẻ, Là người đầu tiên thẻ bản ghi này!
|
| Thư viện lưu trữ: | Thư viện Trường Đại học Đà Lạt |
|---|
| id |
oai:scholar.dlu.edu.vn:123456789-767 |
|---|---|
| record_format |
dspace |
| spelling |
oai:scholar.dlu.edu.vn:123456789-7672023-11-15T07:24:17Z Football sentiment and stock market returns: Evidence from a frontier market Trương, Quang Thái Trần, Ngọc Quỳnh Như Bakry, Walid Nguyễn, Đức Nguyên Al-Mohamad, Somar Football sentiment Investor mood Behavioral biases Stock returns Efficient market hypothesis This study examines the effect of investor sentiment on the Vietnamese stock market. Using the results of international football matches as exogenous shocks on investor sentiment, and information from two major stock exchanges, we document a link between investor sentiment and stock market returns. In particular, we find a decline in market returns on the subsequent trading days after game losses. Moreover, the effect of investor sentiment on stock market returns is more pronounced between 2015 and 2020 during which football fans exhibited a stronger affection and attention to their teams. The results further depict that the impact of investor sentiment on stock market returns is only significant for small-cap stocks, and when more important tournaments are played. 2022-08-05T16:56:24Z 2022-08-05T16:56:24Z 2021 Journal article Bài báo đăng trên tạp chí thuộc ISI, bao gồm book chapter https://scholar.dlu.edu.vn/handle/123456789/767 10.1016/j.jbef.2021.100472 en Journal of Behavioral and Experimental Finance Science Direct |
| institution |
Thư viện Trường Đại học Đà Lạt |
| collection |
Thư viện số |
| language |
English |
| topic |
Football sentiment Investor mood Behavioral biases Stock returns Efficient market hypothesis |
| spellingShingle |
Football sentiment Investor mood Behavioral biases Stock returns Efficient market hypothesis Trương, Quang Thái Trần, Ngọc Quỳnh Như Bakry, Walid Nguyễn, Đức Nguyên Al-Mohamad, Somar Football sentiment and stock market returns: Evidence from a frontier market |
| description |
This study examines the effect of investor sentiment on the Vietnamese stock market. Using the results of international football matches as exogenous shocks on investor sentiment, and information from two major stock exchanges, we document a link between investor sentiment and stock market returns. In particular, we find a decline in market returns on the subsequent trading days after game losses. Moreover, the effect of investor sentiment on stock market returns is more pronounced between 2015 and 2020 during which football fans exhibited a stronger affection and attention to their teams. The results further depict that the impact of investor sentiment on stock market returns is only significant for small-cap stocks, and when more important tournaments are played. |
| format |
Journal article |
| author |
Trương, Quang Thái Trần, Ngọc Quỳnh Như Bakry, Walid Nguyễn, Đức Nguyên Al-Mohamad, Somar |
| author_facet |
Trương, Quang Thái Trần, Ngọc Quỳnh Như Bakry, Walid Nguyễn, Đức Nguyên Al-Mohamad, Somar |
| author_sort |
Trương, Quang Thái |
| title |
Football sentiment and stock market returns: Evidence from a frontier market |
| title_short |
Football sentiment and stock market returns: Evidence from a frontier market |
| title_full |
Football sentiment and stock market returns: Evidence from a frontier market |
| title_fullStr |
Football sentiment and stock market returns: Evidence from a frontier market |
| title_full_unstemmed |
Football sentiment and stock market returns: Evidence from a frontier market |
| title_sort |
football sentiment and stock market returns: evidence from a frontier market |
| publisher |
Science Direct |
| publishDate |
2022 |
| url |
https://scholar.dlu.edu.vn/handle/123456789/767 |
| _version_ |
1783866437446664192 |