Olympic news and attitudes towards the Olympics: a compositional time-series analysis of how sentiment is affected by events

Dawson, Peter; Downward, Paul; Mills, Terence C.

doi:10.1080/02664763.2013.868417

Cited by 11 publications

(6 citation statements)

References 18 publications

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“…These tests reveal no shifts in the parameters of the fitted models and, as a consequence, there is no evidence that the 2012 Olympic Games shifted behaviour, thus casting doubt on the 'trickle-down effect' hypothesis that hosting and being successful at major events can galvanise sports participation, which supports previous research in the UK. [26][27][28][29] The results indicate a positive causal relationship between sports participation and health that is consistent with the model of health production. This is indicated by the positive signs on all the coefficients in the first row of each of the last three columns for the 'All', 'Male' and 'Female' cohorts.…”

Section: Resultssupporting

confidence: 77%

Sports participation as an investment in (subjective) health: a time series analysis of the life course

Downward

Dawson

Mills

2015

Journal of Public Health

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Background: The causal relationship between sports participation, as physical activity, and subjective health is examined accounting for the London 2012 Olympic Games, which it was hoped would 'inspire a generation' by contributing to public health.Improvements to weaknesses in the literature are offered. First, stronger causal claims about the relationship between sports participation and health; second, the actual minutes and intensity of different measures of participation are used. Methods:The rolling monthly survey design of the annually reported Taking Part Survey (TPS) is used to create time series data. This is analysed using a time-series modelling strategy.Results: Increases in the level of subjective health requires accelerating sport participation, but no effect from the 2012 Olympics is revealed. Reductions in the level of health are brought about by increases in sports participation in early adulthood, although this gets reversed in middle age. However, a reduction in health re-emerges for older males compared to females. Conclusions:For the population as a whole sport can contribute to health, with diminishing impact, but impacts vary across the life course and genders. Policy accounting for these variations is necessary. Policy aspirations that London 2012 would produce health benefits from increased sports participation are misplaced.

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Section: Resultssupporting

confidence: 77%

Sports participation as an investment in (subjective) health: a time series analysis of the life course

Downward

Dawson

Mills

2015

Journal of Public Health

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“…In turn, this makes them more willing to enter into long positions, which leads to higher returns in the short-run. The causal link between the actual events and the mood of investors is based on evidence from psychology which demonstrates, for example, that certain events influence the general mood in the population (Kavetsos and Szymanski, 2010;Dawson, Downward, and Mills, 2014).…”

Section: Literaturementioning

confidence: 99%

“…However, they also find that the association between national athletic success and happiness is statistically insignificant in their sample (further support to these results is given by Oxford Economics 2012). As emphasised by Kavetsos and Szymanski (2010) and Dawson et al (2014), exploring the impact of Olympic Games on happiness is important since this is assumed as given by politicians and it is adopted as a primary policy objective. For example, one of the two strategic priorities that the Blair Government set out in the bidding for, and hosting, the London Olympics in 2012 was "a sustainable improvement in success in international competition, particularly in the sports which matter most to the public, primarily because of the 'feel-good factor' associated with winning" (DCMS/ Strategy Unit, 2002, p.12).…”

Section: Literaturementioning

confidence: 99%

Is there an Olympic gold medal rush in the stock market?

Wang

Markellos

2018

The European Journal of Finance

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Investor sentiment and attention are often linked to the same non-economic events making it difficult to understand why and how asset prices are affected. We disentangle these two potential drivers of investment behaviour by analysing a new data-set of medals for the major participating countries and sponsor firms over four Summer Olympic Games. Our results show that trading volume and volatility are substantially reduced following Olympic success although returns appear to be largely unaffected. Analysis of data from online search volumes and surveys measuring investor sentiment also suggests that the market impact of the Olympics is linked to changes in attention

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“…In turn, this makes them more willing to enter into long positions, which leads to higher returns in the shortrun. The causal link between the actual events and the mood of investors is based on evidence from psychology which demonstrates, for example, that certain events influence the general mood in the population (Kavetsos and Szymanski, 2010;Dawson et al, 2014).…”

Section: Literaturementioning

confidence: 99%

Is There an Olympic Gold Medal Rush in the Stock Market?

Wang

Markellos

2015

SSRN Journal

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Investor sentiment and attention are often linked to the same non-economic events making it difficult to understand why and how asset prices are affected. We disentangle these two potential drivers of investment behaviour by analysing a new dataset of medals for major participating countries and sponsor firms over four Summer Olympic Games. Our results show that trading volume and volatility are substantially reduced following Olympic success although returns appear to be largely unaffected. Analysis of data from on-line search volumes and surveys measuring investor sentiment, also suggest that the market impact of the Olympics is linked to changes in attention.

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Olympic news and attitudes towards the Olympics: a compositional time-series analysis of how sentiment is affected by events

Cited by 11 publications

References 18 publications

Sports participation as an investment in (subjective) health: a time series analysis of the life course

Sports participation as an investment in (subjective) health: a time series analysis of the life course

Is there an Olympic gold medal rush in the stock market?

Is There an Olympic Gold Medal Rush in the Stock Market?

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