Publication: The effect of investment into European football on the market value of Chinese corporations
The effect of investment into European football on the market value of Chinese corporations
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Chen, Y., Dietl, H. M., Orlowski, J., & Zheng, F. (2019). The effect of investment into European football on the market value of Chinese corporations. International Journal of Sport Finance, 14(4), 249–261. https://doi.org/10.32731/IJSF/144.112019.05
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This paper analyzes how investments in professional European football clubs affect the market value of Chinese corporations. Twelve acquisition cases with complete stock return data are identified between 2009 and 2017. Applying traditional financial event study methodology, it appears that Chinese corporations, on average, do not earn abnormal returns as a result of their investments in professional European football clubs. However, as exceptions to this finding, a few corporations show significant positive or negative abnormal retur
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- Chen, Yangyang
- Zheng, Fang
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Chen, Y., Dietl, H. M., Orlowski, J., & Zheng, F. (2019). The effect of investment into European football on the market value of Chinese corporations. International Journal of Sport Finance, 14(4), 249–261. https://doi.org/10.32731/IJSF/144.112019.05
