Managerial Efficiency in German Top League Soccer: An Econometric Analysis of Club Performances On and Off the Pitch
AbstractThis study applies stochastic frontier analytic techniques in the estimation of sporting production functions. As ex-ante input factors, we use pre-seasonal estimates of wage bills of players and coaches that are transformed during the production process of a season into ex-post pecuniary revenues and sporting success. In the case of athletic output we find a robust pattern of technical efficiency over subsequent seasons. Estimates based on economic output, however, do not support an efficiency model. A significant inter-seasonal change in overall technical productivity rather highlights the economic instability of the German soccer industry. Copyright Verein für Socialpolitik and Blackwell Publishing Ltd. 2005.
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Bibliographic InfoArticle provided by Verein für Socialpolitik in its journal German Economic Review.
Volume (Year): 6 (2005)
Issue (Month): 4 (November)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=1465-6485
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