The news model of asset price determination - an empirical examination of the Danish football club Brøndby IF

摘要

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 analyse 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.View full textDownload full textKeywordsnews model, football industry, betting odds, stock market, market efficiency, event studyJEL ClassificationG14, L83, G32Related var addthis_config = { ui_cobrand: "Taylor & Francis Online", services_compact: "citeulike,netvibes,twitter,technorati,delicious,linkedin,facebook,stumbleupon,digg,google,more", pubid: "ra-4dff56cd6bb1830b" }; Add to shortlist Link Permalink http://dx.doi.org/10.1080/13504851.2012.667533