Fiscal Responsibility Strategy in Brazilian Football Clubs: A Dynamic Efficiency Analysis

Alexandro Barbosa, Marke Dantas, Yuri Azevedo and Victor Holanda
Additional contact information
Alexandro Barbosa: Universidade Federal do Rio Grande do Norte
Marke Dantas: Universidade Federal do Rio Grande do Norte
Yuri Azevedo: Universidade Federal do Rio Grande do Norte
Victor Holanda: Universidade Federal do Rio Grande do Norte

Brazilian Business Review, 2017, vol. 14, issue Special Issue, 45-66

Abstract: The objective of this study is to structure an indicator of dynamic efficiency focused on fiscal responsibility strategy of Brazilian football clubs and explain the concept of efficiency by the market structure and sports performance. Our main contribution to the previous empirical literature is the utilization of an additive model for temporal series called the Dynamic Slack Based Model. We estimated the inter-temporal efficiency of 25 football clubs of a balanced panel data that span the period 2010-2014. The results showed that the dynamic efficiency of the Brazilian football clubs is, on average, 80.62%. Finally, the results shown in the explanatory model suggest that the features of market structure and sporting factors have positive and significant associations with dynamic efficiency such as the size of the club, participation in the “Libertadores” Cup, access to a higher division and relegation to a lower division.

Keywords: Dynamic efficiency; Fiscal strategy; Football clubs; Market structure; Sports performance. (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.bbronline.com.br/index.php/bbr/article/download/53/87 Full text (application/pdf)

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:bbz:fcpbbr:v:14:y:2017:i:specialissue:p45-66

Access Statistics for this article

Brazilian Business Review is currently edited by Emerson Mainardes

More articles in Brazilian Business Review from Fucape Business School Fucape Business School Brazilian Business Review Av. Fernando Ferrari, 1358, Boa Vista CEP 29075-505 Vitória-ES. Contact information at EDIRC.
Bibliographic data for series maintained by Sarah Lasso ( this e-mail address is bad, please contact ).