Graduation Year

2016

Date of Submission

4-2016

Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts

Department

Economics

Reader 1

Darren Filson

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Terms of Use for work posted in Scholarship@Claremont.

Rights Information

© 2016 Sharan Seth

Abstract

This paper explores the effects of managerial changes on the share prices of publicly traded football teams in England. Using data from 9 publicly traded teams during 1992- 2016, 21 managerial changes were analyzed through an event study analysis. Events were categorized as sackings or resignations, and the hypotheses for each were laid out differently. The results indicated that two of the managerial sackings generated negative abnormal returns prior to the sacking and positive abnormal returns after the change of manager. The study also identifies the difficulties in the study of football teams’ share prices due to their illiquidity and identifies improvements that can make further research in this topic more accurate.

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