Career concerns and personnel investment in the Major League Baseball player draft

Michael A. Roach

Economic Inquiry, 2022, vol. 60, issue 1, 413-426

Abstract: This study examines the relationship between career concerns of organizational decision‐makers and their investments by analyzing data from Major League Baseball's (MLB) annual player draft. Career concerns for MLB general managers (GMs) can create incentives to prioritize near‐term success and thus spend fewer draft resources on high school players (who, being younger than college players, are less likely to provide near‐term benefit to an MLB team). Findings are consistent with this: underperforming expectations in the prior season leads teams to spend significantly smaller proportions of signing bonus dollars on high school players, an effect driven by GMs with relatively short tenures.

Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/ecin.13012

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:bla:ecinqu:v:60:y:2022:i:1:p:413-426

Ordering information: This journal article can be ordered from
https://ordering.onl ... s.aspx?ref=1465-7295

Access Statistics for this article

Economic Inquiry is currently edited by Tim Salmon

More articles in Economic Inquiry from Western Economic Association International Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().