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A non-parametric analysis of the efficiency of the top European football clubs

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  • Halkos, George
  • Tzeremes, Nickolaos

Abstract

This paper analyses how European football clubs’ current value and debt levels influence their performance. The Simar and Wilson (J Econometrics, 136: 31–64, 2007) procedure is used to bootstrap the data envelopment analysis DEA scores in order to establish the influence of football clubs’ current value and debt levels on their obtained efficiency performances. The results reveal that football clubs’ current value levels have a negative influence on their performances, indicating that football clubs’ high value doesn’t ensure higher performance. At the same time, the empirical evidence suggests that there is no influence associated of football clubs’ debt to their efficiency levels.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 31173.

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Date of creation: May 2011
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Handle: RePEc:pra:mprapa:31173

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Related research

Keywords: European football clubs; Data Envelopment Analysis; Truncated regression; Bootstrapping;

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References

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  3. Scully, Gerald W, 1974. "Pay and Performance in Major League Baseball," American Economic Review, American Economic Association, vol. 64(6), pages 915-30, December.
  4. George Halkos & Nickolaos Tzeremes, 2010. "The effect of foreign ownership on SMEs performance: An efficiency analysis perspective," Journal of Productivity Analysis, Springer, vol. 34(2), pages 167-180, October.
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  8. Simar, L. & Wilson, P.W., 1998. "A General Methodology for Bootstrapping in Nonparametric Frontier Models," Papers 9811, Catholique de Louvain - Institut de statistique.
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  11. SIMAR, Léopold & WILSON, Paul, 1995. "Sensitivity Analysis to Efficiency Scores : How to Bootstrap in Nonparametric Frontier Models," CORE Discussion Papers 1995043, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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  20. Carlos Pestana Barros & Albert Assaf & Fabio Sai-Earp, 2010. "Research Note: Brazilian Football League Technical Efficiency: A Simar and Wilson Approach," Journal of Sports Economics, , vol. 11(6), pages 641-651, December.
  21. Valentin Zelenyuk & Vitaliy Zheka, 2006. "Corporate Governance and Firm’s Efficiency: The Case of a Transitional Country, Ukraine," Journal of Productivity Analysis, Springer, vol. 25(1), pages 143-157, 04.
  22. Simar, Leopold & Wilson, Paul W., 2007. "Estimation and inference in two-stage, semi-parametric models of production processes," Journal of Econometrics, Elsevier, vol. 136(1), pages 31-64, January.
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Cited by:
  1. Goshunova, Anna, 2013. "The impact of human capital accounting on the efficiency of English professional football clubs," MPRA Paper 45721, University Library of Munich, Germany.

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