Abril Barrie, María Del CarmenSánchez Herrera, JoaquínRecio Naranjo, Teresa2023-06-172023-06-1720180021-849910.2501/JAR-2017-016https://hdl.handle.net/20.500.14352/12327Título en la revista: "How does wall street react to global sports sponsorship announcements?: An analysis of the effect on sponsoring companies’ stock market prices"This study aims to analyze the potential ability of sponsorship to create shareholder wealth on the basis of how the announcement of global sports sponsorships affects sponsoring companies' stock market prices. This study also seeks to illuminate previous research controversies by examining several international sports tournaments in various countries over a 10-year period. The results show that, first, investors' appreciation of sponsorships was positive, although it decreased over the year of the announcement; second, the combination of functional and national congruence produced the highest value; and, third, the stock market did not equally value all sponsorships.engjournal articlehttps://doi.org/10.2501/JAR-2017-016open accessSponsorshipSponsorAmbush marketing.EmpresasMarketingMercados bursátiles y financieros5311 Organización y Dirección de Empresas5311.05 Marketing (Comercialización)