|
on Cultural Economics |
|
Issue of 2022‒06‒13
one paper chosen by Roberto Zanola Università degli Studi del Piemonte Orientale |
| By: | Thomas Cristofaro Warrener (PPEA/UFOP); Carlos Eduardo da Gama Torres (PPEA/UFOP); Igor Viveiros Melo Souza (Cedeplar/UFMG) |
| Abstract: | The aim of this research is to investigate the relationship between sports and financial performance of Brazilian football clubs. Using data extracted from the Itaú-BBA reports (2015, 2016, 2018 and 2020), and from the Brazilian Football Association team performance rankings it was possible to calculate financial and sporting performances of twenty-six Brazilian football clubs for the period between 2013 to 2019. The results presented in this paper indicate that sports performance has a positive effect on the financial results of Brazilian football clubs, and that the financial result exerts a positive influence on sports performance. |
| Keywords: | Sports economics, football industry, sports performance, financial performance, simultaneous equations modelling |
| JEL: | G32 L21 L25 L83 Z23 |
| Date: | 2022–05 |
| URL: | http://d.repec.org/n?u=RePEc:cdp:texdis:td641&r= |