Moneyball in the Turkish football league: a stock behavior analysis of Galatasaray and fenerbahce based on information salience
Moneyball in the Turkish football league: a stock behavior analysis of Galatasaray and fenerbahce based on information salience
Football clubs listed on Istanbul Stock Exchange suggests an interesting way of testing stock price behaviors to different types of news about both sportive success related and non-sports related events. Strong football club stock price reactions to surprising game results and the lack of reaction to betting odds is related with the dominated structure of Turkish Football League by the big four; Galatasaray (GS), Fenerbahce (FB), Besiktas (BJK) and Trabzonspor (TS). Coherent with this idea we co