Analyzing the Interactions between European Sport Indexes
Tuba Sevil, Serap Kamişli, Melik Kamişli

Abstract
Soccer is an important sector for the economies with the growing revenues. On the other hand, financing needs also increase based on the growing industry. Therefore, many of soccer clubs have started to issue stocks to meet their financing needs. Nowadays, the specific indexes like soccer indexes are investment alternatives for the investors. In this study, the unrestricted Vector Autoregressive (VAR) Model is used to analyze interaction between Borsa Istanbul (BIST) Sport Index and the STOXX Europe Football Index for the purpose of providing information to international investors. VAR model show that there is a relationship between the two indexes.

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