| By: |
Antonio Samagaio (School of Economics and Management (ISEG), Technical University of Lisbon);
Eduardo Couto (School of Economics and Management (ISEG), Technical University of Lisbon);
Jorge Caiado (CEMAPRE, School of Economics and Management (ISEG), Technical University of Lisbon) |
| Abstract: |
This paper uses structural equation modeling to examine the linkages between
financial performance, sporting performance and stock market performance for
English football clubs over the period from 1995 to 2007. The results indicate
that there is a strong correlation between financial and sporting latent
constructs. Additionally, the study indicates that the sports managers seek to
achieve a minimum level of profit and maximize sporting performance. This
situation remains even when the club is owned by a group of investors. On the
other hand, the confirmatory factor analysis and regression analysis show that
financial and sporting factor scores are statistically correlated with stock
returns, but not with risk. |
| Keywords: |
Management, Sports, Statistics |
| JEL: |
M10 C50 |
| Date: |
2009–11 |
| URL: |
https://d.repec.org/n?u=RePEc:cma:wpaper:0906 |