Do World Cup Football Matches Affect Istanbul Stock Exchange?

8 Pages Posted: 26 Apr 2005

See all articles by Ekrem Tufan

Ekrem Tufan

Canakkale Faculty of Applied Sciences, Canakkale Onsekiz Mart University; Canakkale Onsekiz Mart Universtiy, Canakkale Faculty of Applied Sciences

Date Written: May 2004

Abstract

This study documents whether investor's performance and mood being affected football matches like other market-excluded factors or not. If this assumption consider as a truth then market prices could be affected substantially and market anomalies could be observed. It also means that an active trading strategy can be based on this anomaly and can be beaten market.

This paper examines world cup football matches affect on the Istanbul Stock Exchange 100 (ISE100) Index returns and the weak form efficiency for ISE with a different approach.

To test the market anomaly it will be used descriptive statistics and Mann-Whitney U Test.

Keywords: World Cup Football Matches Effect, Istanbul Stock Exchange (ISE), Mann-Whitney U Test

JEL Classification: G14, G15

Suggested Citation

Tufan, Ekrem, Do World Cup Football Matches Affect Istanbul Stock Exchange? (May 2004). Available at SSRN: https://ssrn.com/abstract=705343 or http://dx.doi.org/10.2139/ssrn.705343

Ekrem Tufan (Contact Author)

Canakkale Faculty of Applied Sciences, Canakkale Onsekiz Mart University ( email )

Çanakkale, 17100
Turkey
+90 286 218 00 18 (12018) (Phone)
+90 286 218 25 05 (Fax)

HOME PAGE: http://etufan.wordpress.com

Canakkale Onsekiz Mart Universtiy, Canakkale Faculty of Applied Sciences ( email )

Çanakkale, 17100
Turkey
+90 286 218 00 18 (12018) (Phone)
+90 286 218 25 05 (Fax)

HOME PAGE: http://etufan.wordpress.com

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