nep-spo New Economics Papers
on Sports and Economics
Issue of 2014‒02‒08
three papers chosen by
Joao Carlos Correia Leitao
Universidade da Beira Interior and Universidade de Lisboa

  1. Labor Market Effects of Sports and Exercise: Evidence from Canadian Panel Data By Lechner, Michael; Sari, Nazmi
  2. Le contrôle de gestion des clubs de football professionnel By François Meyssonnier; Myriam Mincheneau
  3. It hurts (stock prices) when your team is about to lose a soccer match By Michael Ehrmann; David-Jan Jansen

  1. By: Lechner, Michael (University of St. Gallen); Sari, Nazmi (University of Saskatchewan)
    Abstract: Based on the Canadian National Population Health Survey we estimate the effects of individual sports and exercise on individual labor market outcomes. The data covers the period from 1994 to 2008. It is longitudinal and rich in life-style, health, and physical activity information. Exploiting these features of the data allows for a credible identification of the effects as well as for estimating dose-response relationships. Generally, we confirm previous findings of positive long-run income effects. However, an activity level above the current recommendation of the WHO for minimum physical activity is required to reap in the long-run benefits.
    Keywords: physical activity, Canadian National Population Health Survey, individual sports participation, human capital, labor market, matching estimation
    JEL: I12 I18 J24 L83 C21
    Date: 2014–01
  2. By: François Meyssonnier (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - Université de Nantes : EA4272); Myriam Mincheneau (Audencia Recherche - Audencia)
    Abstract: La nature et les modalités de l'activité des clubs de football professionnel sont étudiées et des entretiens avec un panel d'experts sont réalisés. Une analyse des pratiques et outils de contrôle de gestion de huit clubs représentatifs des quarante des ligues 1 et 2 de football est présentée. Ceci permet de comprendre et d'expliquer les modes de structuration des systèmes de pilotage de la performance économique dans le sport spectacle.
    Keywords: Sport spectacle ; clubs de football professionnel ; pilotage de la performance économique ; outils du contrôle de gestion.
    Date: 2014–01–27
  3. By: Michael Ehrmann; David-Jan Jansen
    Abstract: The end result of major sporting events has been shown to affect next-day stock returns through shifts in investor mood. By studying the soccer matches that led to the elimination of France and Italy from the 2010 FIFA World Cup, we show that mood-related pricing effects can materialize as sporting events unfold. We do this by using intra-day stock prices for a firm cross-listed on the Paris and Milan stock exchange. This strategy allows for a straightforward identification of pricing effects. During the soccer matches, stock prices in the country that eventually loses are lower by up to seven basis points. The probability of underpricing increases as elimination from the tournament becomes more likely.
    Keywords: investor mood; cross-listed firms; stock market efficiency; high-frequency data; soccer
    JEL: G02 G12 G14 G15
    Date: 2014–01

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