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A Brief Analysis of the Correlation Between Budget and Performance in Romanian Soccer

Author

Listed:
  • Cocioc, Paul

Abstract

Starting from the widely held idea in Romanian football (and not only) that a higher budget is almost the only requirement for better performance for a club, our study investigates the existence and intensity of such a correlation. At the same time, we sought to deepen the correlations within club expenditures, through those related to the player roster as an expression of its value, where we expect a to see a higher intensity in relation to sports results. Due to data availability considerations, the analysis is limited to the latest seasons of the domestic championship. The approach is based on rank correlation, and the tools used are Kendall’s coefficient and Spearman’s coefficient. The results obtained con�irm expectations regarding the existence of a direct relationship between the amounts spent by a club and its position in the rankings, but the intensity of this correlation is signi�icantly lower than expected, at least at the level of total expenditures.

Suggested Citation

  • Cocioc, Paul, 2025. "A Brief Analysis of the Correlation Between Budget and Performance in Romanian Soccer," MPRA Paper 126947, University Library of Munich, Germany, revised Nov 2025.
    • Handle: RePEc:pra:mprapa:126947
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    File URL: https://mpra.ub.uni-muenchen.de/127633/1/MPRA_paper_126947.pdf
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    References listed on IDEAS

    as
    1. Eukasz Leksowski, 2021. "Relationship between sport and financial performance in top European football clubs," Zeszyty Naukowe Małopolskiej Wyższej Szkoły Ekonomicznej w Tarnowie / The Malopolska School of Economics in Tarnow Research Papers Collection, Malopolska School of Economics in Tarnow, vol. 49(1), pages 41-59, March.
    2. Panagiotis E. Dimitropoulos & Vasilios Limperopoulos, 2014. "Player contracts, athletic and financial performance of the Greek football clubs," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 16(2), pages 123-141.
    3. Luca Ferri & Riccardo Macchioni & Marco Maffei & Annamaria Zampella, 2017. "Financial Versus Sports Performance: The Missing Link," International Journal of Business and Management, Canadian Center of Science and Education, vol. 12(3), pages 1-36, February.
    Full references (including those not matched with items on IDEAS)

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    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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