Pub Date : 2023-05-01DOI: 10.32731/ijsf/182.052023.01
R. Storm, T. Jakobsen, Nikolaj Schelde
Existing research on spectator demand tends to focus primarily on elite club sport. This paper aims to expand on the literature by applying regression models to a large and unique set of survey data collected from Danish men’s national soccer team matches held from 2013 to 2017. The output from our models suggests that the number of matches attended is positively related to future demand, as are the results of the matches. Our results have implications for managers of national sports federations because they provide information on how spectators’ interest in and intention to attend matches involving national teams are related, which can assist them in improving spectator demand in the future.
{"title":"Spectator Interest in Attending Future Danish Men’s National Soccer Team Matches: A Study of Demand","authors":"R. Storm, T. Jakobsen, Nikolaj Schelde","doi":"10.32731/ijsf/182.052023.01","DOIUrl":"https://doi.org/10.32731/ijsf/182.052023.01","url":null,"abstract":"Existing research on spectator demand tends to focus primarily on elite club sport. This paper aims to expand on the literature by applying regression models to a large and unique set of survey data collected from Danish men’s national soccer team matches held from 2013 to 2017. The output from our models suggests that the number of matches attended is positively related to future demand, as are the results of the matches. Our results have implications for managers of national sports federations because they provide information on how spectators’ interest in and intention to attend matches involving national teams are related, which can assist them in improving spectator demand in the future.","PeriodicalId":45894,"journal":{"name":"International Journal of Sport Finance","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46880348","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-05-01DOI: 10.32731/ijsf/182.052023.02
J. Cordero, J. del Corral, Carlos Gomez-Gonzalez, C. Polo
The number of foreign owners in football clubs has recently increased in Europe and especially in England. This study aims to analyze whether clubs owned by foreign investors show different parameters of sporting and managerial efficiency. We use data on expected performance (from betting odds), wage costs, and the results of football clubs in the English Premier League (EPL) and English Football League Championship (EFL) over 13 seasons. We estimate different measures of efficiency using three alternative methods: expected vs. actual performance index, nonparametric conditional data envelopment analysis (DEA), and stochastic frontier, while considering foreign ownership as an exogenous factor. Our results suggest that there are not significant differences between domestic-and foreign-owned clubs.
{"title":"Does Foreign Investment Affect Sporting and Managerial Efficiency? The Case of English Football Clubs","authors":"J. Cordero, J. del Corral, Carlos Gomez-Gonzalez, C. Polo","doi":"10.32731/ijsf/182.052023.02","DOIUrl":"https://doi.org/10.32731/ijsf/182.052023.02","url":null,"abstract":"The number of foreign owners in football clubs has recently increased in Europe and especially in England. This study aims to analyze whether clubs owned by foreign investors show different parameters of sporting and managerial efficiency. We use data on expected performance (from betting odds), wage costs, and the results of football clubs in the English Premier League (EPL) and English Football League Championship (EFL) over 13 seasons. We estimate different measures of efficiency using three alternative methods: expected vs. actual performance index, nonparametric conditional data envelopment analysis (DEA), and stochastic frontier, while considering foreign ownership as an exogenous factor. Our results suggest that there are not significant differences between domestic-and foreign-owned clubs.","PeriodicalId":45894,"journal":{"name":"International Journal of Sport Finance","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48275124","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-01DOI: 10.32731/ijsf/181.022023.05
Jason P. Berkowitz, C. Depken, J. Gandar
In this note, we comment on a recent paper in the journal that proposes a new normalization procedure when converting tennis betting odds to the implied probabilities of each player winning. The new procedure is especially germane for matches in which there is a heavy favorite and where there is concern that traditional conversion methods understate the true probability of the favorite winning. However, in this comment, we argue that the new adjustment, while an interesting contribution, suffers from at least three limitations that make the procedure relatively costly while not materially improving predictions of match outcomes.
{"title":"Estimating the Implied Probabilities in the Tennis Betting Market: A New Normalization Procedure: Comment","authors":"Jason P. Berkowitz, C. Depken, J. Gandar","doi":"10.32731/ijsf/181.022023.05","DOIUrl":"https://doi.org/10.32731/ijsf/181.022023.05","url":null,"abstract":"In this note, we comment on a recent paper in the journal that proposes a new normalization procedure when converting tennis betting odds to the implied probabilities of each player winning. The new procedure is especially germane for matches in which there is a heavy favorite and where there is concern that traditional conversion methods understate the true probability of the favorite winning. However, in this comment, we argue that the new adjustment, while an interesting contribution, suffers from at least three limitations that make the procedure relatively costly while not materially improving predictions of match outcomes.","PeriodicalId":45894,"journal":{"name":"International Journal of Sport Finance","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46018752","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-01DOI: 10.32731/ijsf/181.022023.03
N. Agha, D. Berri
There is considerable discussion regarding interest in women’s basketball, with critics often comparing the Women’s National Basketball Association (WNBA) and the National Basketball Association (NBA). This comparison is problematic because the WNBA is in an early growth phase while the NBA organizational life cycle position is far more mature. We investigate whether the demand features of early growth leagues are similar by comparing attendance data from the 8th‒21st seasons of the WNBA with attendance from the same point in NBA history and the current NBA. We find the factors that affect demand in the WNBA are uniquely different than the NBA in both size and significance in either period; thus, it is inappropriate to compare the two leagues.
{"title":"Demand for Basketball: A Comparison of the WNBA and NBA","authors":"N. Agha, D. Berri","doi":"10.32731/ijsf/181.022023.03","DOIUrl":"https://doi.org/10.32731/ijsf/181.022023.03","url":null,"abstract":"There is considerable discussion regarding interest in women’s basketball, with critics often comparing the Women’s National Basketball Association (WNBA) and the National Basketball Association (NBA). This comparison is problematic because the WNBA is in an early growth phase while the NBA organizational life cycle position is far more mature. We investigate whether the demand features of early growth leagues are similar by comparing attendance data from the 8th‒21st seasons of the WNBA with attendance from the same point in NBA history and the current NBA. We find the factors that affect demand in the WNBA are uniquely different than the NBA in both size and significance in either period; thus, it is inappropriate to compare the two leagues.","PeriodicalId":45894,"journal":{"name":"International Journal of Sport Finance","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48660184","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-01DOI: 10.32731/ijsf/181.022023.01
Wen‐Jhan Jane, S. Chen, Ying-Jie Su
This article addresses the issue of contestant heterogeneity (CH) in team efforts in National Basketball Association games for the three seasons from 2013/14 to 2015/16. The results show that two teams’ total efforts regarding rebounds and fouls increase as CH becomes smaller. The evidence thus indicates that the two teams play harder the smaller that CH is. In the analysis of the effects of heterogeneity on the favorite’s and the underdog’s efforts, the results show that each tries harder when CH is reduced and makes less effort as it becomes larger. These results support the contamination hypothesis. The checks for robustness in the panel regressions and results of Hack-a-Shaq strategy reinforce these conclusions. The evidence also shows that the appearance of the previous year’s champion in a game decreases the two teams’ total number of rebounds and fouls. Overwhelming CH makes both favorites and underdogs exert less effort.
{"title":"Contestant Heterogeneity and Hack-a-Shaq Strategy in Team Efforts in Professional Basketball Games","authors":"Wen‐Jhan Jane, S. Chen, Ying-Jie Su","doi":"10.32731/ijsf/181.022023.01","DOIUrl":"https://doi.org/10.32731/ijsf/181.022023.01","url":null,"abstract":"This article addresses the issue of contestant heterogeneity (CH) in team efforts in National Basketball Association games for the three seasons from 2013/14 to 2015/16. The results show that two teams’ total efforts regarding rebounds and fouls increase as CH becomes smaller. The evidence thus indicates that the two teams play harder the smaller that CH is. In the analysis of the effects of heterogeneity on the favorite’s and the underdog’s efforts, the results show that each tries harder when CH is reduced and makes less effort as it becomes larger. These results support the contamination hypothesis. The checks for robustness in the panel regressions and results of Hack-a-Shaq strategy reinforce these conclusions. The evidence also shows that the appearance of the previous year’s champion in a game decreases the two teams’ total number of rebounds and fouls. Overwhelming CH makes both favorites and underdogs exert less effort.","PeriodicalId":45894,"journal":{"name":"International Journal of Sport Finance","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46360268","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-02-01DOI: 10.32731/ijsf/181.022023.02
D. Van Reeth
Organizers of major sports events regularly report impressive multibillion TV audiences to emphasize the success of their competitions, yet such claims are seldom substantiated with hard evidence, nor is it usually made clear what the numbers actually stand for. The aim of this paper is to provide a better insight into the ambiguity of reported audience sizes for sports events and to beg the question: What is the TV audience size for a live sports broadcast? By detailing seven pitfalls, we critically discuss the problems associated with a correct understanding of TV audiences for live sports broadcasts. We substantiate our findings with specific examples for various sports events. The paper demonstrates the relevance of a correct understanding of how TV audiences for sports broadcasts are determined and communicated, and the analysis of the pitfalls uncovers misunderstandings about reported TV audiences that have been largely ignored before. We also discuss the relevance of our insights for the growing body of academic literature in this field.
{"title":"The Complexities of Understanding Reported TV Audiences for Live Sports Broadcasts","authors":"D. Van Reeth","doi":"10.32731/ijsf/181.022023.02","DOIUrl":"https://doi.org/10.32731/ijsf/181.022023.02","url":null,"abstract":"Organizers of major sports events regularly report impressive multibillion TV audiences to emphasize the success of their competitions, yet such claims are seldom substantiated with hard evidence, nor is it usually made clear what the numbers actually stand for. The aim of this paper is to provide a better insight into the ambiguity of reported audience sizes for sports events and to beg the question: What is the TV audience size for a live sports broadcast? By detailing seven pitfalls, we critically discuss the problems associated with a correct understanding of TV audiences for live sports broadcasts. We substantiate our findings with specific examples for various sports events. The paper demonstrates the relevance of a correct understanding of how TV audiences for sports broadcasts are determined and communicated, and the analysis of the pitfalls uncovers misunderstandings about reported TV audiences that have been largely ignored before. We also discuss the relevance of our insights for the growing body of academic literature in this field.","PeriodicalId":45894,"journal":{"name":"International Journal of Sport Finance","volume":"1 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43028700","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
There are limitations in determining the economic impact of sporting events that need to be considered. One of these is represented by first-round leakages. This work focuses on explaining first-round leakages in the economic impact of sporting events on small cities. Seeking to identify this type of leakage, we estimated the spatial distribution of the economic impact of two small-sized events organized in a town with a population of 24,248 inhabitants. The results showed a first-round leakage exceeding €300,000 and identified higher average attendee expenditure in a more developed city adjacent to the host city. Moreover, an exploratory analysis concerning the influence of leakage in final spending was performed. Finally, the elements that would increase the probability of leakage were studied. Overall, the current case study highlighted the importance of considering the existence of leakage.
{"title":"Geographical Distribution of Economic Impact: Sporting Events in Small Cities","authors":"Jesyca Salgado-Barandela, Á. Barajas, Patricio Sánchez-Fernández","doi":"10.32731/ijsf/181.022023.04","DOIUrl":"https://doi.org/10.32731/ijsf/181.022023.04","url":null,"abstract":"There are limitations in determining the economic impact of sporting events that need to be considered. One of these is represented by first-round leakages. This work focuses on explaining first-round leakages in the economic impact of sporting events on small cities. Seeking to identify this type of leakage, we estimated the spatial distribution of the economic impact of two small-sized events organized in a town with a population of 24,248 inhabitants. The results showed a first-round leakage exceeding €300,000 and identified higher average attendee expenditure in a more developed city adjacent to the host city. Moreover, an exploratory analysis concerning the influence of leakage in final spending was performed. Finally, the elements that would increase the probability of leakage were studied. Overall, the current case study highlighted the importance of considering the existence of leakage.","PeriodicalId":45894,"journal":{"name":"International Journal of Sport Finance","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46426335","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-01DOI: 10.32731/ijsf/174.112022.01
Nefertiti A. Walker, Thomas Allred, D. Berri
Motivated by a comment Shaquille O’Neal made about the Women’s National Basketball Association (WNBA), we ask the following question: Is consumer demand and revenue in sports driven by the entertainment spectacle of the contest or the emotional attachment derived from wins and losses? We answer this question by empirically examining gate revenue in the National Basketball Association (NBA) from 2000‒01 to 2018‒19. Utilizing a linear regression with panel corrected errors, we examined the impact on factors like dunking, three-point shooting, star power, and team wins on team gate revenue. Our findings indicate that basketball fans very much care about winning, but they are less interested in how those wins are achieved.
{"title":"Could More Dunking Really Help the WNBA?","authors":"Nefertiti A. Walker, Thomas Allred, D. Berri","doi":"10.32731/ijsf/174.112022.01","DOIUrl":"https://doi.org/10.32731/ijsf/174.112022.01","url":null,"abstract":"Motivated by a comment Shaquille O’Neal made about the Women’s National Basketball Association (WNBA), we ask the following question: Is consumer demand and revenue in sports driven by the entertainment spectacle of the contest or the emotional attachment derived from wins and losses? We answer this question by empirically examining gate revenue in the National Basketball Association (NBA) from 2000‒01 to 2018‒19. Utilizing a linear regression with panel corrected errors, we examined the impact on factors like dunking, three-point shooting, star power, and team wins on team gate revenue. Our findings indicate that basketball fans very much care about winning, but they are less interested in how those wins are achieved.","PeriodicalId":45894,"journal":{"name":"International Journal of Sport Finance","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2022-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47426711","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-01DOI: 10.32731/ijsf/174.112022.03
R. Paul, N. Riccardi, Steven DiMaria
This research investigates player career performance compared to their National Hockey League (NHL) draft position as it relates to nepotism and physical/human capital transfer. After identifying family members of former players, we analyze their performance compared to others using a sample of over 1100 players from the 2005‒2010 drafts. We find no evidence of nepotism as it relates to sons in relation to earnings and only slight possible evidence in terms of reaching a low minimum games-played threshold. Although sons appear to be drafted appropriately, players with NHL siblings appear to be significantly undervalued as they outperformed their peers.
{"title":"Nepotism in the NHL? Family Relationships and the NHL Draft","authors":"R. Paul, N. Riccardi, Steven DiMaria","doi":"10.32731/ijsf/174.112022.03","DOIUrl":"https://doi.org/10.32731/ijsf/174.112022.03","url":null,"abstract":"This research investigates player career performance compared to their National Hockey League (NHL) draft position as it relates to nepotism and physical/human capital transfer. After identifying family members of former players, we analyze their performance compared to others using a sample of over 1100 players from the 2005‒2010 drafts. We find no evidence of nepotism as it relates to sons in relation to earnings and only slight possible evidence in terms of reaching a low minimum games-played threshold. Although sons appear to be drafted appropriately, players with NHL siblings appear to be significantly undervalued as they outperformed their peers.","PeriodicalId":45894,"journal":{"name":"International Journal of Sport Finance","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2022-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46479190","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-01DOI: 10.32731/ijsf/174.112022.02
David Butler, D. Coates
This research estimates the effect of specific player position on salary in Major League Soccer. We expand a mincer-style wage equation with indicators for precise roles as defined by the Football Manager™ simulation. Our salary data covers 1,174 salaries for the 2019 and 2020 seasons. We match this to 17 positions and consider generalist and specialist functions in wage determination. Estimating ordinary least squares and quantile regressions, we find that defensive salary penalties are incurred only by specific peripheral defensive and wing back positions. Premia exist for versatile, attacking midfield players. We show that multi-positional players—those that play in multiple positional zones—earn a premium. The findings bring nuance to any specialist-generalist debate as versatile defensive players incur a penalty whereas versatile attacking midfield players earn a premium. Practically, the results speak to player unions, intermediaries advising players on their developmental needs, and franchises who must optimize salary budgets.
{"title":"Position Premium in Major League Soccer","authors":"David Butler, D. Coates","doi":"10.32731/ijsf/174.112022.02","DOIUrl":"https://doi.org/10.32731/ijsf/174.112022.02","url":null,"abstract":"This research estimates the effect of specific player position on salary in Major League Soccer. We expand a mincer-style wage equation with indicators for precise roles as defined by the Football Manager™ simulation. Our salary data covers 1,174 salaries for the 2019 and 2020 seasons. We match this to 17 positions and consider generalist and specialist functions in wage determination. Estimating ordinary least squares and quantile regressions, we find that defensive salary penalties are incurred only by specific peripheral defensive and wing back positions. Premia exist for versatile, attacking midfield players. We show that multi-positional players—those that play in multiple positional zones—earn a premium. The findings bring nuance to any specialist-generalist debate as versatile defensive players incur a penalty whereas versatile attacking midfield players earn a premium. Practically, the results speak to player unions, intermediaries advising players on their developmental needs, and franchises who must optimize salary budgets.","PeriodicalId":45894,"journal":{"name":"International Journal of Sport Finance","volume":" ","pages":""},"PeriodicalIF":1.0,"publicationDate":"2022-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48797582","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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