2134/19908
Peter Dawson
Peter
Dawson
Paul Downward
Paul
Downward
Terence C. Mills
Terence C.
Mills
Olympic news and attitudes towards the Olympics: a compositional time-series analysis of how sentiment is affected by events
Loughborough University
2015
Attitudes
News
Olympic Games
Compositional time-series
Statistics
Medical and Health Sciences not elsewhere classified
2015-12-18 14:48:39
Journal contribution
https://repository.lboro.ac.uk/articles/journal_contribution/Olympic_news_and_attitudes_towards_the_Olympics_a_compositional_time-series_analysis_of_how_sentiment_is_affected_by_events/9618140
Sentiment affects the evolving economic valuation of companies through the stock market. It is unclear how 'news' affects the sentiment towards major public investments like the Olympics. In this paper we consider, from the context of the pre-event stage of the 30th Olympiad, the relationship between attitudes towards the Olympics and Olympic-related news; specifically the bad news associated with an increase in the cost of provision, and the good news associated with Team Great Britain's medal success in 2008. Using a unique data set and an event-study approach that involves compositional time-series analysis, it is found that 'good' news affects sentiments much more than 'bad', but that the distribution of such sentiment varies widely. For example, a much more pronounced effect of good news is identified for females than males, but 'bad' news has less of an impact on the young and older age groups. © 2013 Taylor & Francis.