The impact of match fixing investigation on the share certificates of the clubs traded in İstanbul Stock exchange

Nowadays the rapid development of sports industry brought about many ethical issues. Match fixing and incentive premium that cause deep impact throughout the world, especially in Europe, have been defined as a crime by enacting thereof with Law No.6222 on April 2011. About the investigation initiated based on this law, it is claimed that the match fixing investigation substantially affected the economies and brand values of the sports clubs. Regardless of the legal content of this investigation, this study is to carried out to see only behavioral changes this investigation caused in the shares of the sport clubs regestered in Istanbul Stock Exchange. This study demonstrates important behavioral changes occurring in the sports clubs involved in the match fixing investigation and share certificates of which are traded in Istanbul Stock Exchange. Key Words: Ethics in Sports, Sports Economy, Stock Share, Time Series Analysis