IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Determinants of Franchise Values in North American Professional Sports Leagues: Evidence from a Hedonic Price Model

  • Brad R. Humphreys

    ()

    (University of Alberta)

  • Michael Mondello

    (The Florida State University)

Professional sports teams in North America are privately held corporations. Consequently, they are not required to make audited financial statements publicly available. We use a hedonic price model to analyze transaction prices for professional sports teams from 1969 to 2006. Results indicate that franchise age, facility ownership, number of local competitors, and metropolitan population all have significant hedonic prices. A quality-adjusted price index based on these results indicates the average annual increase in prices over the period exceeded 15%. Long-term sports team owners have experienced significant capital appreciation over the past 40 years, an outcome inconsistent with operating losses.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://wvuecommerce.wvu.edu/index.cfm?do=product.products&id=779673221_91w&category_id=70&sub_cat_id=303
Download Restriction: Full-text download requires subscription from FIT.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by Fitness Information Technology in its journal International Journal of Sport Finance.

Volume (Year): 3 (2008)
Issue (Month): 2 (May)
Pages: 98-105

as
in new window

Handle: RePEc:jsf:intjsf:v:3:y:2008:i:2:p:98-105
Contact details of provider: Web page: http://www.fitinfotech.com/

Order Information: Web: http://www.fitinfotech.com/IJSF/IJSFbackissueWVU.tpl

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:jsf:intjsf:v:3:y:2008:i:2:p:98-105. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson)

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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.