Bowling for Dollars

Title Sponsorship of College Football Bowls

John L. Fizel, Chris R. McNeil

Research output: Contribution to journalArticle

Abstract

Corporate title sponsorship of college football bowl games has proliferated over the past two decades, yet little analysis has been made concerning the returns to these investments. This article examines the impact that title sponsorships have had on the stock value of the corporate sponsors. Using event study analysis, we find that there was no significant change, on average, in the stock prices following the sponsorship announcements. However, a cross-sectional analysis of changes in firm stock prices relative to corporate and bowl characteristics reveals that markets view sponsorships by large and high-tech firms negatively and major bowls positively.

Original languageEnglish (US)
Pages (from-to)162-181
Number of pages20
JournalJournal of Sports Economics
Volume18
Issue number2
DOIs
StatePublished - Feb 1 2017

Fingerprint

Football
Sponsorship
Stock prices
High-tech firms
Value stocks
Sponsor
Announcement
Event study analysis
Cross-sectional analysis

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance (miscellaneous)

Cite this

Fizel, John L. ; McNeil, Chris R. / Bowling for Dollars : Title Sponsorship of College Football Bowls. In: Journal of Sports Economics. 2017 ; Vol. 18, No. 2. pp. 162-181.
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Bowling for Dollars : Title Sponsorship of College Football Bowls. / Fizel, John L.; McNeil, Chris R.

In: Journal of Sports Economics, Vol. 18, No. 2, 01.02.2017, p. 162-181.

Research output: Contribution to journalArticle

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