Capital Market Efficiency: an event study on the incorporation of football transfers
Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
We live in an era where internationalization and globalization are two extremely attractive concepts. People aim to create a society where limits and restrictions are erased and a thriving society is a reality. Numerous transformations have occurred in order to realize this and one of the most vital ones is the globalization of the economy. The globalization was made possible through the discovery on the capital market. This market enables people to trade with each other, no matter place or time. Thus, a more efficient solution is offered for rapid and significant transfers such as loans and investment. According to various researchers, the capital market determines, in a way, which company will grow and which will stagnate in development. However, the capital market needs to be efficient in order to offer the services intended.
The aim of this dissertation is to explain how efficient the capital market is when incorporating information regarding football player transfers. By examining the empirical findings, it will also be able to establish if assets of the same market value cause different share price fluctuations depending on if they are acquired or sold.
Place, publisher, year, edition, pages
2013. , 46 p.
The market efficiency hypothesis, prospect theory, capital market, football finance, sports management, football transfers.
Economics and Business
IdentifiersURN: urn:nbn:se:hkr:diva-12770OAI: oai:DiVA.org:hkr-12770DiVA: diva2:741717
Degree of Bachelor of Science in Business and Economics