| Titre : |
Announcements of attributions of 2020, 2024 & 2028 Olympic Games to Tokyo, Paris and Los Angeles |
| Type de document : |
Mémoire |
| Auteurs : |
Quentin SCHOTT, Auteur |
| Année de publication : |
2020 |
| Importance : |
14 p. |
| Note générale : |
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| Langues : |
Anglais (eng) |
| Mots-clés : |
Management
ECONOMETRIE ; ECONOMIE CIRCULAIRE ; BATIMENT ET TRAVAUX PUBLICS SECTEUR ; FRANCE ; SPORT
|
| Résumé : |
Olympic Games are the most famous sport event worldwide. The announcement of attribution of Olympic Games is used as information by market analysts to evaluate the potential profitability for the city, the country, and the local companies. In this seminar paper, the announcements of 2020, 2024 and 2028 Olympic Games attributions to respectively Tokyo, Paris and Los Angeles were analyzed. The analysis was focused on the stock prices evolutions of the construction companies of the winner’s countries, opposed to the stock prices evolutions of the loser’s countries. Results indicate that the announcement of attribution of Olympic Games to one winner country is not always perceived as a positive signal for construction companies of this winner country, however the announcement of attribution of Olympic Games to one winner country is always perceived as a better signal for construction companies of this winner country than construction companies of the losers countries.Nevertheless, all the infrastructures to build in order to host the Olympic Games has to be a major opportunity for the construction companies. In order to demonstrate this proposition, we can ask ourselves the following research question: “What are the economic returns on the listed companies of the construction industry of the hosting countries opposed to the countries which lost their campaign, when the attribution of the hosting city is announced?” That is why, it seems interesting to analyze whether the announcement of attribution of Olympic Games are perceived as a positive signal for the construction companies by the market. |
| Programme : |
PGE-Reims |
| Spécialisation : |
Finance |
| Permalink : |
https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=529796 |
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