- Title
- Does national sporting performance affect stock market returns in South Africa?
- Creator
- Botha, Ferdi, De Beer, Carl
- Subject
- To be catalogued
- Date
- 2013
- Type
- text
- Type
- article
- Identifier
- http://hdl.handle.net/10962/396023
- Identifier
- vital:69144
- Identifier
- xlink:href="https://hdl.handle.net/10520/EJC135922"
- Description
- This study explores whether South African national sporting performance can influence investors in such a way that it has the ability to impact on market returns. Using standard event study methodology, this study determines the constant mean return using the daily All-Share price index on the JSE for the period of 1 January 1990 to 31 December 2010. This study focuses on three of South Africa's most popular sports, namely soccer, cricket and rugby, and examines if these three sports have the ability to influence market returns. Although there is some evidence of a relationship between stock returns and sporting performance in the descriptive analysis, the regression results indicate that sporting performance in South Africa does not significantly explain abnormal market returns on the JSE. The study provides a number of possible reasons for this finding and concludes by suggesting areas for future research.
- Format
- computer, online resource, application/pdf, 1 online resource (16 pages), pdf
- Publisher
- Sabinet
- Language
- English
- Relation
- Journal of Economic and Financial Sciences, Botha, F. and De Beer, C., 2013. Does national sporting performance affect stock market returns in South Africa?. Journal of Economic and Financial Sciences, 6(1), pp.67-82, Journal of Economic and Financial Sciences volume 6 number 1 p. 67 2013 2312-2803
- Rights
- Publisher
- Rights
- Use of this resource is governed by the terms and conditions of the Sabinet Terms and Conditions Statement (https://www.sabinet.co.za/terms-conditions)
- Rights
- Open Access
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- Visitors: 427
- Downloads: 25
Collections
Botha, Ferdi (Mr)
RU Department of Economics and Economic History
SDG 08. Decent Work and Economic Growth
| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Does national sporting performance affect stock market returns in South Africa.pdf | 268 KB | Adobe Acrobat PDF | View Details Download |