Cricket World Cup Research Articles

Exploring the connections: Dividend announcements, stock market returns, and major sporting events

This study conducts a detailed investigation into the interplay between major sporting events, specifically the ICC Cricket World Cups and FIFA Football World Cups, and their potential impact on the relationship between dividend announcements and stock market returns. Beyond the customary exploration of investor sentiment and its connection to stock market returns, our research thoroughly examines the effects of these significant sports events on the stock market's reaction to dividend announcements. Drawing on extensive FTSE 350 index data spanning January 1990 to December 2021, we employ event study methodology as the primary analytical framework. To bolster the reliability of our findings, we apply the Generalized Method of Moments (GMM) estimation method, addressing potential endogeneity concerns. Our results uncover a distinct pattern—the stock market exhibits a less favourable response to dividend increases announced following England's victories in major sporting events, such as the FIFA Football World Cup and ICC Cricket World Cup, compared to instances where they faced defeat. Additionally, we observe a more negative market response to dividend decreases announced following England's losses in these pivotal sporting events, as opposed to England emerging victorious in these key contests. This research contributes valuable insights into the intricate relationship between sports passion and market dynamics, offering implications for both scholarly discourse and investment strategy formulation.

Cricket performance predictions: a comparative analysis of machine learning models for predicting cricket player’s performance in the One Day International (ODI) world cup 2023

Background and purpose
 Cricket, a globally renowned bat and ball sport, is the second most popular sport worldwide. The objective of the study is to utilize machine learning algorithms to predict the performance probabilities of Indian cricket players participating in the ODI Cricket World Cup 2023. Furthermore, we aim to assess and compare the predictive precision of three machine learning models such as, Random Forest, Support Vector Regression, and XGBoost.
 Materials and Methods
 Data collection centered on Indian One Day International cricket statistics, encompassing matches played, batting and bowling averages, catches taken, and performance predictions. We sourced this data from reputable platforms such as ESPNcricinfo and the International Cricket Council website. Our performance prediction utilized of three machine learning models such as, Random Forest, Support Vector Regression, and XGBoost. Comparative analysis was conducted, evaluating these models through essential metrics including Mean Squared Error, Root Mean Squared Error, Mean absolute Error, and R-squared.
 Results
 The comparative analysis revealed that the XGBoost model consistently outperformed the others. It exhibited lower errors with the lowest Mean Squared Error, Root Mean Squared Error, and Mean Absolute Error, signifying greater predictive accuracy. XGBoost achieved the highest R-squared value, indicating a robust relationship between predictions and actual performance probabilities. Random Forest produced satisfactory results but fell short of XGBoost's accuracy, while Support Vector Regression displayed less accurate predictions across all metrics.
 Conclusions
 This research demonstrates the superior predictive ability of the XGBoost model in the performance probabilities of Indian cricket players in the ODI Cricket World Cup. The practical implications underscore the significance of data-driven insights for team selection and strategy.

The 1983 Cricket World Cup Victory and its Cinematic Representation

Cricket, which is very popular in India and often treated as a religion, has had a profound impact on the nation’s collective consciousness. The sport has the power to unite millions of people, transcending boundaries, and differences. A significant moment in the history of Indian cricket that brought the entire nation together was the 1983 Cricket World Cup victory. The Indian cricket team, captained by Kapil Dev, achieved an improbable triumph, defeating the mighty West Indies in the final. This historic cricket victory has been etched in the memory of every cricket-loving Indian and served as an inspiration for generations to come. The remarkable journey of the 1983 World Cup has been revisited and celebrated in the Bollywood movie ‘83, directed by Kabir Khan in 2021. This research will delve into the historical significance of India’s first Cricket World Cup victory and how the movie ‘83 captures the essence of that remarkable moment. It also sheds light on the connection of Bollywood and Indian cricket and will try to touch on various aspects related to this.

Social Media a Concern for Foreign Relationships with Neighbor Countries

Indian Sub-continent, especially Bangladesh, India, and Pakistan were divided by Islamic ideology. Bangladesh gained independence from West Pakistan in 1971 with the unbelievable support of the neighboring country India. The present article attempts to find out about the recent time controversy through social media between these countries. In the 2023 Men’s World Cup Cricket Final match India vs Australia held on November 19, 2023, Australia won by 6 Wickets. Here Bangladeshi young cricket lovers enjoyed supporting Team Australia but Indians could not take it positively. They think Bangladesh as a Muslim country avoids Hindus and does not respect and love them. However, the study reveals that 83% disagree that Islam is related to support. 59.50% voted that a player’s behavior is responsible for the support of India and only 3% think that religion may affect supporting the cricket matches. Finally, an effective recommendation has been structured for resolving the crisis.

Stock Markets and Major Sport Events: Evidence from Cricket World Cup 2019

The effect of major sport events on stock markets has been studied by many researchers, most of them focused on soccer without considering if it’s the most popular sport in the countries under study and without considering if the matches are important or not. The enquiry that the researcher tried to answer in this study was whether the stock market is affected by the results of the major event of the sport that is the most popular in the country of that market. To answer this question, the researcher studied the effect of the world cup of cricket, the most popular sport in India, on the main Indian stock exchanges: Bombay stock exchange and national stock exchange. A quantitative approach was followed to conduct this study using data for the period from May 24,2018 to July 15, 2019. The collected data was analyzed using ordinary least squares method and one sample t-test. Study conclusions indicated that loss results in the world cup have a significant positive effect on the stock prices in the two stock exchanges while there was no significant effect for winning results.

Comparative Analysis of Men’s and Women’s Cricket News in National Dailies of Bangladesh

The aim of this study has been appointed to find out the ratio of women’s sports get in Bangladeshi daily newspapers, the difference in coverage of men’s and women’s cricket, and identify the overall treatment of men’s and women’s cricket news coverage during the biggest events and explore why women’s cricket news is covered in such way. Regarding this, 44 days of news from two dailies of Bangladesh have been analyzed. Interview of cricket specialists is taken to find out why they cover men’s and women’s cricket differently. This study found out that men’s cricket is covered with great excitement and during the men’s cricket world cup, most of the sports news is related to this topic. Different segments to attract readers are also published during this time. On the other hand, women’s cricket is not covered sufficiently even during the women’s T20 world cup. Men’s cricket is prioritized at this time also. Experts said that women’s cricket is not very popular among audiences and commercial purposes are the reason behind this type of coverage of women’s cricket. But the change in this type of coverage and the steps of media can make a difference in the popularization of women’s cricket in Bangladesh.

The world cup trilogy: an analysis of Aotearoa New Zealand’s leverage strategies for the women’s cricket, rugby, and football world cups

ABSTRACT A common trend among hosts of women’s international sporting events is to tout the opportunity to positively impact women’s and girls’ sporting and physical activity practices. Yet, many scholars have shown that such ‘trickle down’ effects from the event to society are seldom realised. Nonetheless, organisers continue in their attempts to ‘leverage’ large-scale sporting events to produce a range of positive impacts. Here, we use the extraordinary context of Aotearoa New Zealand hosting the Women’s Cricket, Rugby, and Football World Cups in 2022 and 2023 to consider the potential prospects, pitfalls, and challenges involved in attempting to leverage such events to improve societal and sporting opportunities for women and girls. More specifically, we explore the proposed leveraging strategies for the tournaments and examine how such initiatives align with the New Zealand Government’s ‘Strategy for Women and Girls in Sport and Active Recreation’ (WGS). Drawing upon strategy, planning and policy documents, press releases, and media coverage, we adopt a critical discourse analysis approach to understand how current strategies of organisers, national sports organisations, and governing bodies align with the three main ‘pillars’ of the WGS (leadership, participation, and visibility). Through our analysis we present empirical and theoretical challenges (and opportunities) faced by the tournament stakeholders. We end with a critical analysis of the challenges and possibilities hosting three world cups can have on enacting meaningful and important change for women and girls’ sport in Aotearoa.

An Investigation of Survival Abilities of Opening Batsmen in One-Day International Cricket

This paper quantifies the survival abilities of openers in one-day international cricket matches to fulfill the ultimate goal of analyzing the batting performance of Sri Lankan openers in Cricket World Cup 2019. An inconsistent opening batting performance in one-day cricket could have a negative impact on the match result and it could be one of the reasons for the current downfall of Sri Lankan cricket team. Survival abilities were investigated based on two aspects: number of balls faced till dismissal and strike rate at dismissal. Performances of Sri Lankan openers were evaluated and compared with that of the openers of other teams in Cricket World Cup 2019 through smooth estimated survival functions and hazard functions. Survival abilities of past Sri Lankan openers were also evaluated. Impact of opening batting performance on the match result was investigated through a novel measure: Total Hazard. Results indicate that survival abilities of Sri Lankan openers in Cricket World Cup 2019 are low compared to the openers of other teams and past Sri Lankan openers are more reliable and consistent. It is also found that there is an impact of opening batting performance on the match result. Hence, opening batting performance should be strengthened to rectify the current downfall of Sri Lankan cricket.

Predicting the winning percentage of limited-overs cricket using the Pythagorean formula

The Pythagorean Win-Loss formula can be effectively used to estimate winning percentages for sporting events. This formula was initially developed by baseball statistician Bill James and later was extended by other researchers to sports such as football, basketball, and ice hockey. Although one can calculate actual winning percentages based on the outcomes of played games, that approach does not take into account the margin of victory. The key benefit of the Pythagorean formula is its utilization of actual average runs scored and actual average runs allowed. This article presents the application of the Pythagorean Win-Loss formula to two different types of limited-overs cricket formats, namely One Day International cricket (ODI) and Twenty20 cricket. The data for the application was used from the matches played by the top 10 International Cricket Council (ICC) members who participated in the 2019 ICC Cricket World Cup. For matches for which the second batting team won, runs scored were estimated by considering the remaining amount of resources, based on the Duckworth–Lewis method.

Sport, the Media and Ireland: Interdisciplinary Perspectives

Sport, the Media and Ireland: Interdisciplinary Perspectives

Identifying social impact from supplemental events: a research framework

ABSTRACT This paper develops a framework for identifying and fostering social impact for ‘supplemental’ (cultural, sporting and other) events which run in tandem with major sporting events. The framework links the aims of supplemental events with a classification of event activities in terms of achieved social impact and potential social benefits. Data supporting the study were collected from over 150 interviews conducted with tourists and local attendees at two supplemental events (Fan Zone and Trophy Tour) held in Australia as part of the 2015 International Cricket Council Cricket World Cup. Short-term social impacts emerging from the findings included a shared sense of community resulting from the atmosphere and ambience of the events. Potential longer-term social benefits, such as healthier lifestyles, were also identified by both tourists and locals. The framework enhances the current understanding of strategies for fostering social impact and potential social benefits by providing an analytic tool to examine supplemental events and their effects on tourists and locals.

Instances of altered gut microbiomes among Irish cricketers over periods of travel in the lead up to the 2016 World Cup: A sequencing analysis.

Changes and stresses experienced during travel have the potential to impact the gut microbiome, with travel implicated in the spread of antibiotic resistance genes across continents. The possibility of gut microbiome-mediated negative impacts arising from travel, and consequences for peak performance, would be of particular concern for elite athletes. Faecal samples were collected from male (N=14) and female (N=7) cricket players during the build-up to the 2016 Cricket World Cup. Baseline and post-travel samples were collected from all participants and subjected to 16S rRNA amplicon sequencing. Samples from a subset of participants (N=4) were also analysed by shotgun metagenomic sequencing. Analysis revealed a single travel time point as having the potential to have an impact on the gut microbiome. Reductions in alpha diversity following travel were observed, accompanied by shifts in the taxonomic profile of the gut microbiome. Antibiotic resistance and virulence genes were also identified as undergoing changes following travel. This study reveals that periods of travel, in particular following gastrointestinal distress, may result in gut microbiome disruption. While this analysis was completed in athletes, the findings are applicable to all travelling individuals and considerations should be made surrounding travel in an attempt to reduce these changes.

International cricket injury surveillance: A media-based injury report on the ICC men's Cricket World Cup 2015

International cricket injury surveillance: A media-based injury report on the ICC men's Cricket World Cup 2015

Best’11 strategy in cricket using MCDM, rough matrix and assignment model

In 1982, Pawlak set up a fresh approach to deal with uncertainties namely rough set theory, Multiple-Criteria Decision Making (MCDM) first traced by Benjamin Franklin in 17th century. Several researchers did significant contribution to MCDM thereafter. An assignment problem involves what happens to the effective function when each of a number of sources is associated with the same number of destinations. Using MCDM, Rough matrices and Assignment model we are inducing an idea to pick Best’11 in all three formats (Test, One Day Internationals (ODI), Twenty20 International matches (T20I)) in the game of cricket with players from two nationals. Using the existing data, we are providing best batting position for any player to maximize team’s run. In addition, based on the preprocessing of informations, we are bringing some new indices to pick Indian squad for the 2019 World Cup cricket held in England from May 2019 to July 2019. After making a selection from our framework, we will compare the list of selected players by Board of Cricket Control Board in India (BCCI) and giveaway the percentage of similarity between the our selection against BCCI’s selection. We pick 11 players after selecting 15 players from 24 players to formulate the assignment model and offer the best batting order to optimize team’s run.

Stock Market Reaction to Mega-Sport Events: Evidence from South Africa and Morocco

Abstract: This paper investigates the domestic stock market reaction to the announcement of South Africa winning the bid to host the 1995 Rugby World Cup, 2003 Cricket World Cup, and 2010 FIFA World Cup as well as Morocco concurrently losing the hosting competition for the 2010 FIFA World Cup. We used Event Study and EGARCH models. For Event Study, we evaluated normal market performance using 250 daily stock returns, while abnormal returns were tested within a 41-day (-20, +20) event window. The test was replicated using 2,227 daily compounded stock returns for the EGARCH model. Based on both the Event Study and EGARCH models, our findings show that the stock market responded positively to the hosting of mega-sport events for the bid winner (South Africa) and reacted negatively to the bid loser (Morocco). The results are statistically significant at conventional test levels. The findings support policy decisions that welcome mega-sport events.

The 2015 Cricket World Cup in Christchurch

Purpose This study aims to focus on the development and upgrading of the Hagley Park cricket oval in Christchurch for the 2015 Cricket World Cup and how this hallmark event was used a catalyst to rebrand the city following the 2010 and 2011 earthquakes. Design/methodology/approach This paper is based on the findings from research conducted between 2012 and 2016. Data for the analysis were collected from mainstream media, sport organisations websites and government archives. In addition, a two-round series of semi-structured interviews with relevant stakeholders was undertaken in the aftermath of the Cricket World Cup. Findings In the case of Christchurch, the earthquakes and the destruction of much of the downtown provided a recovery opportunity, with the 2015 Cricket World Cup used to expedite the development of a new sporting venue in the city centre and rebrand the city to international tourists and sport enthusiasts. Research limitations/implications The Hagley Park cricket oval case study provides evidence on the rhetoric of urban competitiveness and the use of hallmark sporting events to reframe urban development in post-disaster contexts. Originality/value This research provides further evidence on the logics of disaster capitalism and how cities embark on costly redevelopment projects for sports and events whilst overlooking exacerbating vulnerabilities among the local community.

Liminality Creation Strategies at Supplemental Events

The celebratory nature that some events generate creates a liminoid space through which participants can obtain social benefits. This article examines Chalip's five liminality strategies in the context of supplemental events, which are events run in conjunction with major sporting events. The discussion is framed within the context of two supplemental events aligned to the 2015 ICC Cricket World Cup, the Fan Zone, and the Trophy Tour. Using 152 short interviews with attendees, the study found some evidence of the presence of Chalip's strategies at these events and that these lead to social benefits. However, the level of liminality and communitas created was minimal, due to the open access nature of the event spaces and also because "live" World Cup matches were not broadcasted akin to typical "live sites." The study contributes to understanding in relation to liminality strategies in the context of supplemental events.

Algorithms for Anoraks

As the 2019 Cricket World Cup builds up to its finale in July, it seems that techno-nerds are fast becoming the game's new anoraks.

Cricket's Raining Champion: Two Decades of Duckworth–Lewis (and Stern)

Abstract When rain stops play in a cricket match, score targets are adjusted using the Duckworth-Lewis-Stern method. Twenty years after the original method was first approved for use in the Cricket World Cup, Frank Duckworth, Tony Lewis and Steven Stern recount the history and development of a game-changing idea

Examining the Grassroots Participant Legacy of Major Sporting "Supplemental" Events

For a considerable time, major sporting events have been investigated to explore their "participation" legacy impact (effect on participation in sports at the grassroots level), often with mixed results. In this article, the authors propose an approach to examine not major events themselves, but adjacent, supplemental events, and whether such events can contribute to a participation legacy. The authors do this by developing a "grassroots participation ladder," built on the transtheoretical model, which has been amended to examine the stages of behavior between no involvement in a sport and ongoing sports participation. An initial test of the ladder is conducted via a case study of supplemental events conducted in conjunction with the 2015 ICC Cricket World Cup and involving interviews with event participants to demonstrate how the ladder might be utilized. Results suggest that previous measurement methods have typically neglected a key constituent, which offers a new recognition of potential participation legacy benefits, and feeds back into suggested methods of planning more effective participation legacy activities in the future.