Determinants of share price variations of listed football clubs: Empirical evidence from English football leagues

José Allouche (1) , Sébastien Soulez (1)

1 GREGOR - Groupe de Recherche en Gestion des Organisations

This article attempts to discover Financial Market reactions regarding the activities of professional Football Clubs. Basing their findings on an event study, the authors measure the influence on the Stock Market value of Football Clubs, Sporting Results, decisions to buy or sell players and trainers and of economic and financial events which structure the life of these clubs. England, a country where the Football Market has been structured for more than ten years with twenty three Clubs quoted on the Stock Market in 2001, was selected for the purposes of the study.

Mots clés: event studies; development of sporting organisations; football

Domaines: Gestion et management

José Allouche, Sébastien Soulez. Determinants of share price variations of listed football clubs: Empirical evidence from English football leagues. P. Andersson, P. Ayton, and C. Schmidt. Myths and facts about football: The economics and psychology of the world's greatest sport, Cambridge Scholars Press, pp.371-392, 2008. ⟨hal-01075264⟩