Impact of COVID-19 on football clubs finance. An event study of the listed football clubs / Hasma ABIDI / 2021

Titre : Impact of COVID-19 on football clubs finance. An event study of the listed football clubs Type de document : Mémoire Auteurs : Hasma ABIDI, Auteur Année de publication : 2021 Importance : 46 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Management FINANCEMENT ; PERFORMANCE ; GESTION DE CRISE Entreprise STOCK Résumé : COVID-19 is a health crisis that started in Wuhan at the end of 2019 and spread very quickly around the world in a few months. It very quickly disrupted the economies of the world causing a negative market reaction. This study will analyze the effect of COVID-19 on the performance of football clubs, specifically on listed clubs. This analysis will be performed on a sample of 22 clubs listed on the stock index Stoxx Europe Football Index between January 2019 and January 2021. Carried out by an event study, we will study the effect of a specific event on the performance of the clubs by noticing a significant abnormal return in most of the football clubs during the announcement of the suspension of the championships and competitions which corresponds to our event day. Furthermore, our study is marked by a strong relationship between our dependent variable, here the cumulative of abnormal returns, and our independent quantitative variables which are club performance, club player value and participation in European competitions, club size and transfer market. Hypotheses defined by taking over the variables showed an influence on the stock price which are following variables: club performance, measured by the turnover, player value with the total amount of value of the players in a club and participation in European competitions which is a dummy variable, taking the value of 0 or 1. On the other hand, the number of employees, or even the surprise of the transfer market variable, do not show any influence on the stock price Programme : PGE-Reims Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=538140