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AuthorEissa M.A.
AuthorRefai H.A.
Available date2020-02-05T08:54:09Z
Publication Date2018
Publication NameEvent Management
ResourceScopus
ISSN15259951
URIhttp://dx.doi.org/10.3727/152599518X15239930463154
URIhttp://hdl.handle.net/10576/12832
AbstractThis study examines the impact of the FIFA's official announcements on Doha Stock Exchange (DSE) of Qatar with respect to the 2022 World Cup. Using the abnormal unsystematic return method of Savickas, our findings reveal that the relationship between this sports mega-event and the DSE is significant, indicating that the market is very sensitive to FIFA's announcements about the 2022 World Cup. The highly significant reactions of the DSE reveal investors' positive (or negative) feelings that the government and private expenditure on medium- and long-term projects undertaken in anticipation of hosting the Cup will affect future trading volumes in DSE. Any future announcements, good or bad, are likely to affect companies investing in these huge projects, impacting on their share value and triggering portfolio reallocation by local and international investors, leading to increased abnormal return. Cognizant, LLC.
Languageen
PublisherCognizant Communication Corporation
Subject2022 World Cup
Abnormal returns
Doha Stock Exchange (DSE)
Event study
FIFA official announcements
GARCH model
TitleMega-sports events and stock market returns: The case of the 2022 World Cup
TypeArticle
Pagination379-388
Issue Number3
Volume Number22
dc.accessType Abstract Only


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