Sporting, financial and stock market performance in English football: an empirical analysis of structural relationships

Antonio Samagaio, Eduardo Couto and Jorge Caiado
Additional contact information
Antonio Samagaio: School of Economics and Management (ISEG), Technical University of Lisbon
Eduardo Couto: School of Economics and Management (ISEG), Technical University of Lisbon

No 906, CEMAPRE Working Papers from Centre for Applied Mathematics and Economics (CEMAPRE), School of Economics and Management (ISEG), Technical University of Lisbon

Abstract: This paper uses structural equation modeling to examine the linkages between financial performance, sporting performance and stock market performance for English football clubs over the period from 1995 to 2007. The results indicate that there is a strong correlation between financial and sporting latent constructs. Additionally, the study indicates that the sports managers seek to achieve a minimum level of profit and maximize sporting performance. This situation remains even when the club is owned by a group of investors. On the other hand, the confirmatory factor analysis and regression analysis show that financial and sporting factor scores are statistically correlated with stock returns, but not with risk.

Keywords: Management; Sports; Statistics (search for similar items in EconPapers)
JEL-codes: C50 M10 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2009-11
New Economics Papers: this item is included in nep-spo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://cemapre.iseg.utl.pt/archive/preprints/395.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to cemapre.iseg.utl.pt:80 (No such host is known. )

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cma:wpaper:0906

Access Statistics for this paper

More papers in CEMAPRE Working Papers from Centre for Applied Mathematics and Economics (CEMAPRE), School of Economics and Management (ISEG), Technical University of Lisbon Contact information at EDIRC.
Bibliographic data for series maintained by Helena Lima ( this e-mail address is bad, please contact ).