Are Fan Tokens Fan Tokens?

Simple item page
dc.authoridDemir, Ender/0000-0003-4034-269X
dc.authoridErsan, Oguz/0000-0003-3135-5317
dc.authoridPopesko, Boris/0000-0002-3590-7070
dc.authorwosidSchulz, Lydia/HGB-8387-2022
dc.authorwosidDemir, Ender/J-8808-2017
dc.contributor.authorErsan, Oğuz
dc.contributor.authorErsan, Oguz
dc.contributor.authorPopesko, Boris
dc.date.accessioned2023-10-19T15:11:31Z
dc.date.available2023-10-19T15:11:31Z
dc.date.issued2022
dc.department-temp[Demir, Ender] Reykjavik Univ, Sch Social Sci, Dept Business Adm, Reykjavik, Iceland; [Ersan, Oguz] Kadir Has Univ, Fac Econ Adm & Social Sci, Dept Int Trade & Finance, Istanbul, Turkey; [Popesko, Boris] Tomas Bata Univ Zlin, Fac Management & Econ, Dept Business Adm, Zlin, Czech Republicen_US
dc.description.abstractFan tokens, digital assets providing privileges including rewards and promotions as well as voting rights in polls, recently became highly popular among the football clubs and the (fan) investors. Fan tokens differ from the stocks of football clubs with respect to ownership properties. Fan tokens might be associated with investor mood changes and reaction to match results. This paper aims to explore the impact of football match results on token prices of the clubs. We show that both the losses and wins in the most prestigious European tournament, UEFA Champions League affect the fan token abnormal returns, losses with an effect of a larger magnitude. Domestic matches and Europa League matches are not followed by similar reactions from the investors. Our results are robust to the use of alternative model specifications and various benchmark assets.en_US
dc.identifier.citation22
dc.identifier.doi10.1016/j.frl.2022.102736en_US
dc.identifier.issn1544-6123
dc.identifier.issn1544-6131
dc.identifier.scopus2-s2.0-85124949577en_US
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.frl.2022.102736
dc.identifier.urihttps://hdl.handle.net/20.500.12469/5058
dc.identifier.volume47en_US
dc.identifier.wosWOS:000834854100007en_US
dc.identifier.wosqualityQ1
dc.khas20231019-WoSen_US
dc.language.isoenen_US
dc.publisherAcademic Press Inc Elsevier Scienceen_US
dc.relation.ispartofFinance Research Lettersen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectMarket-EfficiencyEn_Us
dc.subjectFan tokensen_US
dc.subjectSports SentimentEn_Us
dc.subjectcryptocurrenciesen_US
dc.subjectfootball clubsen_US
dc.subjectMarket-Efficiency
dc.subjectasset pricesen_US
dc.subjectSports Sentiment
dc.subjectmooden_US
dc.titleAre Fan Tokens Fan Tokens?en_US
dc.typeArticleen_US
dspace.entity.typePublication
relation.isAuthorOfPublication668cc704-cc26-4a39-bb0f-5db2099bf1d3
relation.isAuthorOfPublication.latestForDiscovery668cc704-cc26-4a39-bb0f-5db2099bf1d3

Files

Original bundle

Now showing 1 - 1 of 1
No Thumbnail Available
Name:
5058.pdf
Size:
545.39 KB
Format:
Adobe Portable Document Format
Description:
Tam Metin / Full Text
Download

Collections

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu