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NEW SEASON NEW HOPES: OFF-SEASON OPTIMISM
Eurasian Journal of Economics and Finance
While literature on the relation between on-field sports performance and stock returns is ample, there is very limited evidence on off-season stage. Constituting around 3 months, off-seasons do not only occupy a significant part of the year but also represent totally different characteristics than on-seasons. They lack the periodic, unambiguous news events in on-seasons (match results), instead they are associated with highly uncertain transfer news and rumors. We show that this distinction hasdoi:10.15604/ejef.2017.05.04.003 fatcat:gf3raxmppnawlkybpwtomk4tmy