Sports Sentiment and Stock Returns

By Alex Edmans, Diego García, Oyvind Norli. 2007

991 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/bab5e857c1617ec8323271ef89d954ae698016ee

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Citations in the corpus

Can Facebook Predict Stock Market Activity (2013, neutral): “For instance, Edmans et al. (2007) construct a sport sentiment, using the results of international soccer games.”
Exploitable Predictable Irrationality: The FIFA World Cup Effect on the U.S. Stock Market (2010, background): “Electronic copy available at: http://ssrn.com/abstract=1081286 2 In a recently published paper, Edmans, García, and Norli (2007) reveal a strong association between results of soccer games and local stock returns.”
Detecting, quantifying and accessing impact of news events on Indian stock indices (2017, background): “In 2007, Edmans, Garcia, and Norli [10] showed that a strong association exists between results of soccer games and local stock returns.”
Fast profits: Investor sentiment and stock returns during Ramadan (2012, methodology): “Finally, Edmans et al. (2007) investigate the impact of international soccer results and find a significant market declines after losses by national soccer teams in international competitions.”
Fear, Social Projection, and Financial Decision Making (2011, neutral): “Finally, Edmans, Garcia, and Norli (2007) report that the market declined after the target country lost important international sports matches (e.g., Soccer World Cup).”
Weather-Induced Mood, Institutional Investors, and Stock Returns (2015, background): “19 The logarithmic transformation is motivated by the non-linearity in the relationship between illuminance and sky cloud cover. However, similar results are obtained without the transformation. 20 The procedure to seasonally adjust the cloud cover measure is similar to that of Goetzmann and Zhu (20”
Emotion and decision making. (2015, background): “In a related example, stock market returns declined when a country’s soccer team was eliminated from the World Cup (Edmans et al. 2007).”
Googling Investor Sentiment around the World (2019, positive): “This asymmetric finding between wins and losses is highly consistent with the findings of Edmans et al. (2007), who provide two reasons for this result: First, whereas an increase in heart attacks, crimes, and suicides is shown after soccer losses, there is no evidence of improvements in mood of a…”
Sentiment during recessions∗ (2011, neutral): “The only other pure time-series analysis on a wide index is Larkin and Ryan (2008), who study the effect of news feeds in intraday returns for the S&P500 index. For other related papers see Cutler, Poterba, and Summers (1989), Klibanoff, Lamont, and Wizman (1998), Chan (2003), Kaniel, Starks, and Va”
Emotional Judges and Unlucky Juveniles (2018, positive): “Edmans, García, and Norli (2007) show that controlling for pregame expected outcome, there is a short-lived but significant stock market * Eren: Department of Economics, E. J. Ourso College of Business, Louisiana State University, Baton Rouge, LA 70803 (email: oeren@lsu.edu); Mocan: Department of…”
Economics, Fairness and Algorithmic Bias (2020, neutral): “…weather affects financial decisions (Rind, 1996; Hirshleifer and Shumway, 2003; Busse et al., 2015), sports victories affect financial decisions (Edmans et al., 2007) and relationships (Card and Dahl, 2011), stock prices affect decisions about effort, innovation, job candidates (Cowgill and…”