Sporting, financial and stock market performance in English football: an empirical analysis of structural relationships
AbstractThis paper uses structural equation modeling to examine the linkages between financial performance, sporting performance and stock market performance for English football clubs over the period from 1995 to 2007. The results indicate that there is a strong correlation between financial and sporting latent constructs. Additionally, the study indicates that the sports managers seek to achieve a minimum level of profit and maximize sporting performance. This situation remains even when the club is owned by a group of investors. On the other hand, the confirmatory factor analysis and regression analysis show that financial and sporting factor scores are statistically correlated with stock returns, but not with risk.
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Bibliographic InfoPaper provided by Centre for Applied Mathematics and Economics (CEMAPRE), School of Economics and Management (ISEG), Technical University of Lisbon in its series CEMAPRE Working Papers with number 0906.
Length: 41 pages
Date of creation: Nov 2009
Date of revision:
Management; Sports; Statistics;
Find related papers by JEL classification:
- M10 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - General
- C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
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