The impact of journalistic information in the shareholder market

the cases of the Benfica, Porto and Sporting SADs

Authors

DOI:

https://doi.org/10.14195/2183-6019_8_9

Keywords:

Football, stock market, PLSPs, share prices, news

Abstract

This article aims to understand if the press information of the online general press about the Public Limited Sports Companies of the three main portuguese clubs - Benfica, Oporto and Sporting - influences its behavior in the stock exchange. For this we apply the concept of news value of Galtung & Ruge (1969) in the selection of news materials, and then observe if after their publications are visible reactions in the financial market of those societies and which, according to the methodology introduced by Fama et al (1969).

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Author Biography

Margarida Mota, University of Coimbra

Margarida Mota é Mestre em Economia, especialização em Economia Financeira, pela Faculdade de Economia de Coimbra

Published

2019-06-12