Managerial Efficiency in German Top League Soccer: An Econometric Analysis of Club Performances On and Off the Pitch
Kern Markus and
Süssmuth Bernd
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Kern Markus: University of Munich,Munich, Bavaria, Germany
Süssmuth Bernd: University of Munich,Munich, Bavaria, Germany
German Economic Review, 2005, vol. 6, issue 4, 485-506
Abstract:
This study applies stochastic frontier analytic techniques in the estimation of sporting production functions. As ex-ante input factors, we use preseasonal estimates of wage bills of players and coaches that are transformed during the production process of a season into ex-post pecuniary revenues and sporting success. In the case of athletic output we find a robust pattern of technical efficiency over subsequent seasons. Estimates based on economic output, however, do not support an efficiency model. A significant inter-seasonal change in overall technical productivity rather highlights the economic instability of the German soccer industry.
Keywords: Human capital; sporting production function; stochastic frontier (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:germec:v:6:y:2005:i:4:p:485-506
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DOI: 10.1111/j.1468-0475.2005.00143.x
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