The Determinants of Success in European Football Competitions

The Determinants of Success in European Football Competitions

A lot has changed in football in the last decades. These changes were mainly driven by the appearance of the mega sized Champions League and the Bosman Case, making this industry a very good case study in the financial area. This study identifies the main determinants of football club’s revenues and...

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Bibliographic Details
Main Author: da Rocha, Carlos Jorge Santos
Format: Dissertation
Language:English
Published: ProQuest Dissertations & Theses 01-01-2014
Subjects:
Accounting
Annual reports
Balance sheets
Capital expenditures
Cities
Civil engineering
Corporate governance
Costs
Economic crisis
Economic development
Economic history
Economics
Finance
GDP
Gross Domestic Product
History
Infrastructure
Investments
Labor economics
Management
Per capita
Professional soccer
Profitability
Profits
Regulation of financial institutions
Sports Management
Stockholders
Success
Sustainability
Tournaments & championships
Wages & salaries
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Summary:A lot has changed in football in the last decades. These changes were mainly driven by the appearance of the mega sized Champions League and the Bosman Case, making this industry a very good case study in the financial area. This study identifies the main determinants of football club’s revenues and success between 2009 and 2012. This study will be a breakthrough not only in finance literature, but also in the football industry. To our best knowledge there is no studies regarding the football industry in the field of identification of success determinants in the European main competitions (Champions League and Europa League) and the relation of that success (or lack of) to the club’s revenues. Our results showed a positive correlation between market area and sportive success with higher revenues. Regarding success, results showed that wages, total assets and capital expenditures in the year before are positively correlated. However, the clubs that don’t control their expenses in relation to their revenues tend to not succeed as they predicted.
ISBN:9798381343694