Tokenization in soccer leagues. Is fan engagement for real?
Fan tokens grant sports supporters a set of rights that makes for a closer and more engaging association with their clubs. Our study offers a two-pronged strategy to consolidate our understanding of this new and disruptive asset class in the field of soccer. First, our event study shows that abnorma...
| Autores: | , |
|---|---|
| Formato: | artículo |
| Fecha de publicación: | 2025 |
| País: | España |
| Recursos: | Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya) |
| Repositorio: | Recercat. Dipósit de la Recerca de Catalunya |
| OAI Identifier: | oai:recercat.cat:20.500.12328/5065 |
| Acesso em linha: | http://hdl.handle.net/20.500.12328/5065 https://dx.doi.org/10.1016/j.ribaf.2025.102827 |
| Access Level: | acceso abierto |
| Palavra-chave: | Fan tokens Sport finance Cryptocurrency Decentralized finance Soccer Tokens de fan Finances esportives Criptomoneda Finances descentralitzades Futbol 33 |
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Tokenization in soccer leagues. Is fan engagement for real?Agnese, PabloXiao, YuqingFan tokensSport financeCryptocurrencyDecentralized financeSoccerTokens de fanFinances esportivesCriptomonedaFinances descentralitzadesFutbolFan tokensSport financeCryptocurrencyDecentralized financeSoccer33Fan tokens grant sports supporters a set of rights that makes for a closer and more engaging association with their clubs. Our study offers a two-pronged strategy to consolidate our understanding of this new and disruptive asset class in the field of soccer. First, our event study shows that abnormal returns are negatively driven by fan sentiment during and around the clubs’ match days, yet the effect becomes positive when considering the national team’s match days. Second, our counterfactual simulations suggest that fan tokens are indeed driven by fan sentiments and not by mere crypto speculation. Our dataset contains data on the fan tokens of four major soccer clubs (Barcelona, Manchester City, Paris Saint-Germain, and Juventus) during 2021–2023, and distinguishes between the teams’ local match days, UEFA Champions match days, and the World Cup’s match days. We believe our intuitions are timely and can be useful both as a guide for portfolio management and for tailoring the soon-to-be legislation of crypto assets in general and fan tokens in particular.info:eu-repo/semantics/publishedVersionElsevier2025info:eu-repo/semantics/articleDesconocidohttp://hdl.handle.net/20.500.12328/5065https://dx.doi.org/10.1016/j.ribaf.2025.102827reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésResearch in International Business and Finance76© 2025 Elsevier B.V. All rights are reserved, including those for text and data mining, AI training, and similar technologies.info:eu-repo/semantics/openAccessoai:recercat.cat:20.500.12328/50652026-05-29T05:05:01Z |
| dc.title.none.fl_str_mv |
Tokenization in soccer leagues. Is fan engagement for real? |
| title |
Tokenization in soccer leagues. Is fan engagement for real? |
| spellingShingle |
Tokenization in soccer leagues. Is fan engagement for real? Agnese, Pablo Fan tokens Sport finance Cryptocurrency Decentralized finance Soccer Tokens de fan Finances esportives Criptomoneda Finances descentralitzades Futbol Fan tokens Sport finance Cryptocurrency Decentralized finance Soccer 33 |
| title_short |
Tokenization in soccer leagues. Is fan engagement for real? |
| title_full |
Tokenization in soccer leagues. Is fan engagement for real? |
| title_fullStr |
Tokenization in soccer leagues. Is fan engagement for real? |
| title_full_unstemmed |
Tokenization in soccer leagues. Is fan engagement for real? |
| title_sort |
Tokenization in soccer leagues. Is fan engagement for real? |
| dc.creator.none.fl_str_mv |
Agnese, Pablo Xiao, Yuqing |
| author |
Agnese, Pablo |
| author_facet |
Agnese, Pablo Xiao, Yuqing |
| author_role |
author |
| author2 |
Xiao, Yuqing |
| author2_role |
author |
| dc.subject.none.fl_str_mv |
Fan tokens Sport finance Cryptocurrency Decentralized finance Soccer Tokens de fan Finances esportives Criptomoneda Finances descentralitzades Futbol Fan tokens Sport finance Cryptocurrency Decentralized finance Soccer 33 |
| topic |
Fan tokens Sport finance Cryptocurrency Decentralized finance Soccer Tokens de fan Finances esportives Criptomoneda Finances descentralitzades Futbol Fan tokens Sport finance Cryptocurrency Decentralized finance Soccer 33 |
| description |
Fan tokens grant sports supporters a set of rights that makes for a closer and more engaging association with their clubs. Our study offers a two-pronged strategy to consolidate our understanding of this new and disruptive asset class in the field of soccer. First, our event study shows that abnormal returns are negatively driven by fan sentiment during and around the clubs’ match days, yet the effect becomes positive when considering the national team’s match days. Second, our counterfactual simulations suggest that fan tokens are indeed driven by fan sentiments and not by mere crypto speculation. Our dataset contains data on the fan tokens of four major soccer clubs (Barcelona, Manchester City, Paris Saint-Germain, and Juventus) during 2021–2023, and distinguishes between the teams’ local match days, UEFA Champions match days, and the World Cup’s match days. We believe our intuitions are timely and can be useful both as a guide for portfolio management and for tailoring the soon-to-be legislation of crypto assets in general and fan tokens in particular. |
| publishDate |
2025 |
| dc.date.none.fl_str_mv |
2025 |
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info:eu-repo/semantics/article |
| format |
article |
| dc.identifier.none.fl_str_mv |
http://hdl.handle.net/20.500.12328/5065 https://dx.doi.org/10.1016/j.ribaf.2025.102827 |
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http://hdl.handle.net/20.500.12328/5065 https://dx.doi.org/10.1016/j.ribaf.2025.102827 |
| dc.language.none.fl_str_mv |
Inglés |
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Inglés |
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Research in International Business and Finance 76 |
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info:eu-repo/semantics/openAccess |
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openAccess |
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Desconocido |
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Elsevier |
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Elsevier |
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reponame:Recercat. Dipósit de la Recerca de Catalunya instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya) |
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Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya) |
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