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Cost performance of Brazilian soccer clubs: A Bayesian varying efficiency distribution model

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  • Barros, Carlos Pestana
  • Assaf, A.George
  • de Araujo, Ari Francisco

Abstract

This paper analyzes the cost efficiency of Brazilian first league soccer clubs using a Bayesian Varying Efficiency Distribution (VED) model. We confirm that the model fits the data well with all coefficients correctly signed and in line with the theoretical requirements. From the efficiency results, it was clear that the Brazilian soccer league operates at a lower performance in comparison to other international soccer leagues. Factors which contributed to this finding as well as other policy implications are provided.

Suggested Citation

  • Barros, Carlos Pestana & Assaf, A.George & de Araujo, Ari Francisco, 2011. "Cost performance of Brazilian soccer clubs: A Bayesian varying efficiency distribution model," Economic Modelling, Elsevier, vol. 28(6), pages 2730-2735.
  • Handle: RePEc:eee:ecmode:v:28:y:2011:i:6:p:2730-2735
    DOI: 10.1016/j.econmod.2011.08.002
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Narayan, Paresh Kumar & Rath, Badri Narayan & Prabheesh, K.P., 2016. "What is the value of corporate sponsorship in sports?," Emerging Markets Review, Elsevier, vol. 26(C), pages 20-33.
    2. Matos, Pedro Verga & Faustino, Horácio C., 2012. "Beta-convergence and sigma-convergence in corporate governance in Europe," Economic Modelling, Elsevier, vol. 29(6), pages 2198-2204.
    3. Carlos Pestana Barros & Eduardo Couto & Antonio Samagaio, 2014. "Management ability, strategy, tactics and team performance," Chapters,in: Handbook on the Economics of Professional Football, chapter 11, pages 166-188 Edward Elgar Publishing.

    More about this item

    Keywords

    Soccer; Brazil; Cost efficiency; Bayesian VED model;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • C69 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Other

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