2006
DOI: 10.1111/j.1467-9485.2006.00391.x
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Frequent News and Pure Signals: The Case of a Publicly Traded Football Club

Abstract: We use stock market data for Borussia Dortmund GmbH & Co. KGaA – one of the leading German football clubs – for an application of the news model. Owing to the specific characteristics of the news‐generating process, the case of a publicly traded sport club is a very appropriate candidate for testing this model. By applying a traditional as well as a reversed news model, we elaborate whether new information can explain subsequent changes in the stock price of Borussia Dortmund. We find that sport as well as cor… Show more

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Cited by 53 publications
(39 citation statements)
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“…The difference between the actual number of points and the expected number of points, based on the odds of the bookmakers, is the socalled "match surprise" (see Stadtmann 2006). The difference between the actual number of points and the expected number of points, based on the odds of the bookmakers, is the socalled "match surprise" (see Stadtmann 2006).…”
Section: Datamentioning
confidence: 99%
See 1 more Smart Citation
“…The difference between the actual number of points and the expected number of points, based on the odds of the bookmakers, is the socalled "match surprise" (see Stadtmann 2006). The difference between the actual number of points and the expected number of points, based on the odds of the bookmakers, is the socalled "match surprise" (see Stadtmann 2006).…”
Section: Datamentioning
confidence: 99%
“…We use a new indicator of the performance of a team based on the odds of the bookmakers. The difference between the actual number of points and the expected number of points, based on the odds of the bookmakers, is the socalled "match surprise" (see Stadtmann 2006). 5 3.…”
Section: Datamentioning
confidence: 99%
“…This implies that the bookmaker's mark‐up is about 16 percent − a value that is quite high compared to most online bookmakers. Using data from http://www.gamebookers.com, Stadtmann () has calculated an average mark‐up of only 12 percent.…”
mentioning
confidence: 99%
“…Portanto, é tangível que a Governança Corporativa se aplique no esporte (Leopkey e Parent, 2012), mitigando possíveis conflitos de interesse (Rezende et al, 2009), atribuindo maior capacidade de melhora da performance da gestão do Conselho de Administração (Taylor e O'Sullivan, 2009;Ferkins e Shilbury, 2012), nas organizações desportivas (Ferkins et al, 2010), influenciando na execução da estratégia (Ferkins e Shilbury, 2012;Ferkins et al, 2009), nas tomadas de decisão (Kikulis, 2000), na eficácia organizacional (Ferkins et al, 2005), criando, a posteriori, valor aos stakeholders (Stadtmann, 2006).…”
Section: Introductionunclassified