Facility Age and Ownership in Major American Team Sports Leagues: The Effect on Team Franchise Values
AbstractThis paper examines the franchise values of American professional sports teams in the NBA, the NFL, and the NHL. It is argued that team franchise values depend on the ownership status of the facility in which the team plays. If a team owns its playing facility, it capitalizes the value of the facility in the team franchise value, driving the latter higher. If a team plays in a facility owned by another entity, the franchise value should be lower. The empirical evidence suggests that the franchise values of NFL and NHL teams are higher for teams that own their playing facilities. No such effect is found for NBA teams.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Fitness Information Technology in its journal International Journal of Sport Finance.
Volume (Year): 4 (2009)
Issue (Month): 3 (August)
Contact details of provider:
Web page: http://www.fitinfotech.com/
Find related papers by JEL classification:
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
You can help add them by filling out this form.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- More on the Liverpool Sale
by Brad Humphreys in International Journal of Sport Finance Blog on 2010-10-16 14:31:19
- IJSF Author Q&A: Phil Miller
by brhumphreys in International Journal of Sport Finance Blog on 2009-08-18 13:48:03
- IJSF 4.3 Available
by brhumphreys in International Journal of Sport Finance Blog on 2009-08-17 21:34:10
- Dallas Cowboys' Jerry Jones Joins the Dark Side
by Phil Miller in Market Power on 2010-03-14 15:07:54
- Daniel, Rascher & Matt, Brown & Mark, Nagel & Chad, McEvoy, 2009. "Free Ride, Take it Easy: An Empirical Analysis of Adverse Incentives Caused by Revenue Sharing," MPRA Paper 25806, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson).
If references are entirely missing, you can add them using this form.