IDEAS home Printed from https://ideas.repec.org/a/acc/malfin/v31y2016i105p133-152.html
   My bibliography  Save this article

Comparison of the Performance of Turkish and European Footbal Clubs in Terms of The Efficiency of Transfer Expenditures

Author

Listed:
  • Ersan Ersoy

    (Nevşehir Hacı Bektaş University)

  • Levent Çıtak

    (Erciyes University)

  • Ömer Serkan Gülal

    (Nevşehir Hacı Bektaş University)

Abstract

The objective of this study is to analyze the performance of Fenerbahçe, Beşiktaş, Galatasaray and 15 selected football clubs from Europe. The study covering 2012/13 season employs Data Envelopment Analysis. The results indicate that only Borussia Dortmund has 100 % total technical efficiency and scale efficiency. According to the efficiency scores, when the clubs are divided into three groups, Besiktas took place among the top 4, Fenerbahce in the middle group and Galatasaray in the bottom group in Turkey.

Suggested Citation

  • Ersan Ersoy & Levent Çıtak & Ömer Serkan Gülal, 2016. "Comparison of the Performance of Turkish and European Footbal Clubs in Terms of The Efficiency of Transfer Expenditures," Journal of Finance Letters (Maliye ve Finans Yazıları), Maliye ve Finans Yazıları Yayıncılık Ltd. Şti., vol. 31(105), pages 133-152, April.
  • Handle: RePEc:acc:malfin:v:31:y:2016:i:105:p:133-152
    DOI: https://doi.org/10.33203/mfy.312139
    as

    Download full text from publisher

    File URL: https://dergipark.org.tr/tr/download/article-file/302024
    Download Restriction: no

    File URL: https://libkey.io/https://doi.org/10.33203/mfy.312139?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Sherman, H. David & Gold, Franklin, 1985. "Bank branch operating efficiency : Evaluation with Data Envelopment Analysis," Journal of Banking & Finance, Elsevier, vol. 9(2), pages 297-315, June.
    2. J. Cummins & Hongmin Zi, 1998. "Comparison of Frontier Efficiency Methods: An Application to the U.S. Life Insurance Industry," Journal of Productivity Analysis, Springer, vol. 10(2), pages 131-152, October.
    3. Isidoro Guzmán & Stephen Morrow, 2007. "Measuring efficiency and productivity in professional football teams: evidence from the English Premier League," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 15(4), pages 309-328, November.
    4. R. D. Banker & A. Charnes & W. W. Cooper, 1984. "Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis," Management Science, INFORMS, vol. 30(9), pages 1078-1092, September.
    5. Dieter J. Haas, 2003. "Productive efficiency of English football teams-a data envelopment analysis approach," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 24(5), pages 403-410.
    6. Dyson, R. G. & Allen, R. & Camanho, A. S. & Podinovski, V. V. & Sarrico, C. S. & Shale, E. A., 2001. "Pitfalls and protocols in DEA," European Journal of Operational Research, Elsevier, vol. 132(2), pages 245-259, July.
    7. Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November.
    8. Huyen Nguyen-Thi-Thanh, 2006. "On the Use of Data Envelopment Analysis in Hedge Fund Performance Appraisal," Working Papers halshs-00120292, HAL.
    9. Timothy Anderson & Gunter Sharp, 1997. "A new measure of baseball batters using DEA," Annals of Operations Research, Springer, vol. 73(0), pages 141-155, October.
    10. José L. Ruiz & Diego Pastor & Jesús T. Pastor, 2013. "Assessing Professional Tennis Players Using Data Envelopment Analysis (DEA)," Journal of Sports Economics, , vol. 14(3), pages 276-302, June.
    11. Carlos Pestana Barros & Stephanie Leach, 2006. "Performance evaluation of the English Premier Football League with data envelopment analysis," Applied Economics, Taylor & Francis Journals, vol. 38(12), pages 1449-1458.
    12. Anderson, Randy I. & Fok, Robert & Springer, Thomas & Webb, James, 2002. "Technical efficiency and economies of scale: A non-parametric analysis of REIT operating efficiency," European Journal of Operational Research, Elsevier, vol. 139(3), pages 598-612, June.
    13. Clement, Robert C & McCormick, Robert E, 1989. "Coaching Team Production," Economic Inquiry, Western Economic Association International, vol. 27(2), pages 287-304, April.
    14. E. Nur Ozkan‐Gunay & Arzu Tektas, 2006. "Efficiency Analysis Of The Turkish Banking Sector In Precrisis And Crisis Period: A Dea Approach," Contemporary Economic Policy, Western Economic Association International, vol. 24(3), pages 418-431, July.
    15. Barros, Carlos Pestana & Garcia-del-Barrio, Pedro, 2008. "Efficiency measurement of the English football Premier League with a random frontier model," Economic Modelling, Elsevier, vol. 25(5), pages 994-1002, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dina A. M. Miragaia & João J. M. Ferreira & Cédric T. Vieira, 2024. "Efficiency of Non-profit Organisations: a DEA Analysis in Support of Strategic Decision-Making," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 3239-3265, March.
    2. Halil İbrahim KESKİN & Hakan ÖNDES, 2020. "Measuring the Efficiency of Selected European Football Clubs: DEA and Panel Tobit Model," Sosyoekonomi Journal, Sosyoekonomi Society, issue 28(43).
    3. Andrés Picazo-Tadeo & Francisco González-Gómez, 2010. "Does playing several competitions influence a team’s league performance? Evidence from Spanish professional football," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 18(3), pages 413-432, September.
    4. Torben Tiedemann & Tammo Francksen & Uwe Latacz-Lohmann, 2011. "Assessing the performance of German Bundesliga football players: a non-parametric metafrontier approach," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 19(4), pages 571-587, December.
    5. Carlos Pestana Barros & Gaël Bertrand & Laurent Botti & Scott Tainsky, 2014. "Cost efficiency of French rugby clubs," Applied Economics, Taylor & Francis Journals, vol. 46(23), pages 2721-2732, August.
    6. Artur Wyszynski, 2016. "Efficiency Of Football Clubs In Poland," OLSZTYN ECONOMIC JOURNAL, University of Warmia and Mazury in Olsztyn, Faculty of Economic Sciences, vol. 11(1), pages 59-72, February.
    7. Jardin, Mathieu, 2009. "Efficiency of French football clubs and its dynamics," MPRA Paper 19828, University Library of Munich, Germany.
    8. Halkos, George & Tzeremes, Nickolaos, 2012. "Evaluating professional tennis players’ career performance: A Data Envelopment Analysis approach," MPRA Paper 41516, University Library of Munich, Germany.
    9. Fabíola Zambom-Ferraresi & Lucía Isabel García-Cebrián & Fernando Lera-López & Belén Iráizoz, 2017. "Performance Evaluation in the UEFA Champions League," Journal of Sports Economics, , vol. 18(5), pages 448-470, June.
    10. Francisco González-Gómez & Andrés J. Picazo-Tadeo, 2010. "Can We Be Satisfied With Our Football Team? Evidence From Spanish Professional Football," Journal of Sports Economics, , vol. 11(4), pages 418-442, August.
    11. Chih-Hai Yang & Hsuan-Yu Lin & Chiang-Ping Chen, 2014. "Measuring the efficiency of NBA teams: additive efficiency decomposition in two-stage DEA," Annals of Operations Research, Springer, vol. 217(1), pages 565-589, June.
    12. Villa, G. & Lozano, S., 2016. "Assessing the scoring efficiency of a football match," European Journal of Operational Research, Elsevier, vol. 255(2), pages 559-569.
    13. Isidoro Guzmán & Stephen Morrow, 2007. "Measuring efficiency and productivity in professional football teams: evidence from the English Premier League," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 15(4), pages 309-328, November.
    14. Anthony Glass & Karligash Kenjegalieva & Jason Taylor, 2015. "Game, set and match: evaluating the efficiency of male professional tennis players," Journal of Productivity Analysis, Springer, vol. 43(2), pages 119-131, April.
    15. Sufian, Fadzlan & Abdul Majid, Muhamed Zulkhibri, 2007. "Consolidation and efficiency: Evidence from non-bank financial institutions in Malaysia," MPRA Paper 12128, University Library of Munich, Germany, revised 01 May 2007.
    16. Martin Eling, 2006. "Performance measurement of hedge funds using data envelopment analysis," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 20(4), pages 442-471, December.
    17. Artur Wyszyński, 2017. "Sytuacja finansowa klubów Ekstraklasy w ujęciu metody DEA," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 69-99.
    18. Fiona Carmichael & Giambattista Rossi & Denis Thomas, 2017. "Production, Efficiency, and Corruption in Italian Serie A Football," Journal of Sports Economics, , vol. 18(1), pages 34-57, January.
    19. Plácido Moreno & Sebastián Lozano, 2014. "A network DEA assessment of team efficiency in the NBA," Annals of Operations Research, Springer, vol. 214(1), pages 99-124, March.
    20. Eling, Martin & Jia, Ruo, 2019. "Efficiency and profitability in the global insurance industry," Pacific-Basin Finance Journal, Elsevier, vol. 57(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:acc:malfin:v:31:y:2016:i:105:p:133-152. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Süleyman Kale (email available below). General contact details of provider: https://dergipark.org.tr/en/pub/mfy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.