nep-spo New Economics Papers
on Sports and Economics
Issue of 2008‒10‒21
five papers chosen by
Joao Carlos Correia Leitao
Technical University of Lisbon

  1. Características estructurales de las organizaciones deportivas: Diferenciación en los clubes de fútbol profesional de élite en España. By Gomez, Sandalio; Marti, Carlos; Opazo, Magdalena
  2. The impact of foreign players on international football performance By Karaca, Orhan
  3. The Italian Job: Match Rigging, Career Concerns and Media Concentration in Serie A By Boeri, Tito; Severgnini, Battista
  4. The Effects of Managerial Turnover: Evidence from Coach Dismissals in Italian Soccer Teams By De Paola, Maria; Scoppa, Vincenzo
  5. The Economic Impact of Olympic Games: Evidence from Stock Markets By Dick, Christian D.; Wang, Qingwei

  1. By: Gomez, Sandalio (IESE Business School); Marti, Carlos (IESE Business School); Opazo, Magdalena (IESE Business School)
    Abstract: La principal tarea de un club de fútbol profesional es formar un equipo competitivo orientado a participar en las competiciones oficiales y conseguir éxitos deportivos de cara a satisfacer las expectativas de sus socios y aficionados. Esta tarea fundamental es la que constituye el sistema, el que en su relación con el entorno va definiendo subsistemas de cara a responder eficazmente a las demandas que desde el exterior le desafían, en especial los procesos de profesionalización y comercialización que han afectado al deporte en general. En el fútbol profesional Español, los principales subsistemas que distingue un club son: deportiva, comunicación, relaciones externas, comercial, financiera, gestión de patrimonio, marketing, instalaciones, jurídica y asuntos sociales, es decir, áreas orientadas al desarrollo de la tarea fundamental, algunas de las cuales pueden asociarse a la respuesta estructural que estas organizaciones deportivas han dado a los desafíos que le plantea el proceso de profesionalización y comercialización.
    Keywords: clubs de fútbol; características estructurales; diferenciación:
    Date: 2008–05–03
  2. By: Karaca, Orhan
    Abstract: I investigate the impact of foreign players on international football performance of club teams and national teams in this paper. My empirical findings show that foreign players have a positive effect on club teams’ international performance. Howewer, foreign players don’t have any effect on performance of national teams.
    Keywords: Football; Foreign players
    JEL: L83
    Date: 2008–10
  3. By: Boeri, Tito (Bocconi University); Severgnini, Battista (Humboldt University, Berlin)
    Abstract: This paper contributes to the literature on competition and corruption, by drawing on records from Calciopoli, a judicial inquiry carried out in 2006 on corruption in the Italian soccer league. Unlike previous studies, we can estimate the determinants of match rigging and use this information in identifying corruption episodes in years in which there are no pending judicial inquiries. We find evidence of corruption activity well before Calciopoli. Career concerns of referees seem to play a major role in match rigging. An implication of our study is that a more transparent selection of the referees and evaluation of their performance is essential in removing incentives to match rigging. Another implication is that in presence of significant "winners-take-all" effects, more competitive balance may increase corruption unless media concentration is also significantly reduced.
    Keywords: concentration, corruption, career concerns, random effect ordered probit, Monte Carlo simulations, soccer
    JEL: D73 L82 L83
    Date: 2008–10
  4. By: De Paola, Maria; Scoppa, Vincenzo
    Abstract: In this paper sport data are used to study the effects of manager replacement on firm performance. Using match results of the major Italian soccer league (“Serie A”) we analyze the effects of coach (manager) changes in terms of team performance. From our preliminary estimates, including year and team fixed effects, it emerges that changing the coach produces a positive effect on a number of measures of team performance. However, this effect turns out to be statistically insignificant once we take into account the fact that the firing of a coach is not an exogenous event, but it is triggered by a “dip” in team performance. Using as an instrument for coach change the number of remaining matches in the season (which is a proxy for the residual length of the coach contract) Two-Stages Least Squares estimations do not show any significant effect of coach change on team performance.
    Keywords: Managerial Turnover; Dismissal; Performance evaluation; Sport economics.
    JEL: L2 L83
    Date: 2008–09
  5. By: Dick, Christian D.; Wang, Qingwei
    Abstract: By means of an event study of stock market reactions to the announcement of the Olympic Games host cities, we find a significant and positive announcement effect of hosting the Summer Games, with a cumulative abnormal return of about 2% within a few days. We do not find any significant results for the Winter Games. Neither do we detect a significant impact when bidders lose the competition. Our results differ from those of a similar study by Mirman and Sharma (2008), who find that the Winter Games are subject to a significantly negative announcement impact, while the Summer Games are not. Our results, however, rely on a larger sample of 15 Olympic events and are obtained by assessing the abnormal returns after the announcement against a “business–as–usual" situation (instead of testing the difference between winner group and loser group). Our findings are in line with economic intuition, since the Summer Games represent a larger event and are thus more likely to have a significant impact. We also find that among the winners, small economies tend to have greater cumulative abnormal returns than their large peers.
    Keywords: Olympic Games, economic impact, event study, stock markets
    JEL: G14 L83
    Date: 2008

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