Asset Specificity in the Promotion of Elite Sports: Efficient Institutions of Governance for the ‘Production’ of Long-Term Future Sporting Success

Jens Flatau () and Eike Emrich ()
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Jens Flatau: Christian-Albrechts University
Eike Emrich: Kiel and University of the Saarland

International Journal of Sport Finance, 2013, vol. 8, issue 4, 327-340

Abstract: The German elite sport training system contains both decentralized and centralized elements. Following Williamson’s (1975) transaction cost economics, we test the thesis that the optimal institutions of governance in the production of sporting success depend on the asset specificity. A comparison of graduates of elite sport schools (ESS) with others shows ESS attendance influences success in high asset specificity settings. The results provide information about how the productivity of elite sport training systems can be increased by setting the priorities of centralized organization on those sports.

Keywords: transaction cost economics; asset specificity; elite sport promotion; elite schools of sport (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2013
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International Journal of Sport Finance is currently edited by Arne Feddersen, Babatunde Buraimo, Joachim Prinz and Jane Ruseski

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