World Cup Economics: A quantitative study of the relationship between FIFA world cup match results and stockmarket performances
Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
This paper investigates the possible relationship between FIFA World Cup match results and stock market performances. This is motivated by psychological and financial evidence that sporting results may affect mood and that mood in turn affects investment decisions thereby influencing the stock market. Previous studies provide evidences of sporting results having an impact on stock market performances. Having examined 266 FIFA World Cup match results for eleven countries, no significant statistical relationship was found for the majority of the matches. Considering certain limitations of the study it cannot be concluded that the absence or the presence of a relationship between FIFA World Cup match results and stock market performances exists.
Place, publisher, year, edition, pages
IdentifiersURN: urn:nbn:se:uu:diva-203579OAI: oai:DiVA.org:uu-203579DiVA: diva2:636958
Mörk, Eva, Professor
Ohlsson, Henry, Professor