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Der Einfluss der Champions League auf den Marktwert eines Bundesligaklubs und das (Transfer-)Verhalten des Managements


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  • Partosch, Christoph
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    Die vorliegende Studie untersucht, inwiefern die UEFA Champions League den Marktwert eines teilnehmenden Fußball-Bundesligateams und das (Transfer-)Verhalten der beteiligten Vereinsverantwortlichen beeinflusst. Ziel ist dabei, die Erkenntnisse aus einer vom Autor zuvor durchgeführten, umfangreichen Fallstudienanalyse quantitativ-empirisch zu überprüfen. Es wird gezeigt, dass Mannschaften insbesondere von Wertsteigerungen bereits in der Vorsaison im Kader befindlicher Spieler profitieren und mit signifikant höheren Marktwerten in Champions League-Spielzeiten starten. Die Ergebnisse weisen zudem auf ineffizientes Transferverhalten der Klubmanager hin, wenn ihnen durch die Champions League zusätzliche finanzielle Mittel zur Verfügung stehen. Darüber hinaus wird festgestellt, dass die Klubs den erreichten höheren Marktwert nur halten können, wenn sie sich regelmäßig für die Champions League qualifizieren. -- This study examines how the UEFA Champions League impacts the market value of participating German football teams and the transfer behaviour of their managers. The goal is to verify the findings of a formerly conducted case study by a quantitative-empirical approach. It is shown that teams start a season with a significantly higher market value when participating in the Champions League. The main reason for that is a value increase of players who already belonged to the squad the season before. The results also indicate inefficient transfer behaviour of club officials when they have Champions League money at their disposal. Furthermore the study finds that clubs can only maintain the higher market value by regularly qualifying for the Champions League.

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    Paper provided by University of Münster, Institute for Organisational Economics in its series Discussion Papers of the Institute for Organisational Economics with number 9/2013.

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    Date of creation: 2013
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    Handle: RePEc:zbw:umiodp:92013

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    1. Dawson, Peter & Dobson, Stephen & Gerrard, Bill, 2000. "Estimating Coaching Efficiency in Professional Team Sports: Evidence from English Association Football," Scottish Journal of Political Economy, Scottish Economic Society, vol. 47(4), pages 399-421, September.
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    1. Partosch, Christoph, 2014. "Der Einfluss der Champions League auf die Wettbewerbsposition einzelner Vereine und die Competitive Balance der Bundesliga," Discussion Papers of the Institute for Organisational Economics 3/2014, University of Münster, Institute for Organisational Economics.


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