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Identification of Factors Determining Market Value of the Most Valuable Football Players

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  • Majewski Sebastian

    (University of Szczecin)

Abstract

Purpose: The problem of identifying the most important determinants of the market value of football players is quite well described in the literature. There are many works that try to identify these factors. Some of them are focused on variables to make a set complete and others are on models and methods. The aim of this article is to present the variables influencing the valuation and to build an econometric model valuing footballers playing on the forward position, taking into consideration the assumptions of the econometric modelling. Such an approach indicates managers as other sources for obtaining information.

Suggested Citation

  • Majewski Sebastian, 2016. "Identification of Factors Determining Market Value of the Most Valuable Football Players," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 24(3), pages 91-104, September.
    • Handle: RePEc:vrs:jmbace:v:24:y:2016:i:3:p:91-104:n:5
    DOI: 10.7206/jmba.ce.2450-7814.177
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    References listed on IDEAS

    as
    1. Radu Tunaru & Ephraim Clark & Howard Viney, 2005. "An option pricing framework for valuation of football players," Review of Financial Economics, John Wiley & Sons, vol. 14(3-4), pages 281-295.
    2. Rosen, Sherwin & Sanderson, Allen, 2001. "Labour Markets in Professional Sports," Economic Journal, Royal Economic Society, vol. 111(469), pages 47-68, February.
    3. Stephen Dobson & Bill Gerrard & Simon Howe, 2000. "The determination of transfer fees in English nonleague football," Applied Economics, Taylor & Francis Journals, vol. 32(9), pages 1145-1152.
    4. Peter J. Sloane, 2015. "The Economics of Professional Football Revisited," Scottish Journal of Political Economy, Scottish Economic Society, vol. 62(1), pages 1-7, February.
    5. Carmichael, Fiona & Forrest, David & Simmons, Robert, 1999. "The Labour Market in Association Football: Who Gets Transferred and For How Much?," Bulletin of Economic Research, Wiley Blackwell, vol. 51(2), pages 125-150, April.
    6. Andrzej Sznajder, 2007. "Charakterystyka rynku sportu profesjonalnego," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 10, pages 45-65.
    7. Sloane, Peter J, 1971. "The Economics of Professional Football: The Football Club as a Utility Maximiser," Scottish Journal of Political Economy, Scottish Economic Society, vol. 18(2), pages 121-146, June.
    8. Babatunde Buraimo & Bernd Frick & Michael Hickfang & Rob Simmons, 2015. "The Economics of Long-term Contracts in the Footballers' Labour Market," Scottish Journal of Political Economy, Scottish Economic Society, vol. 62(1), pages 8-24, February.
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    More about this item

    Keywords

    economics of sport; football; econometrics; intangible assets;
    All these keywords.

    JEL classification:

    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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