The influence of external attractiveness on the transfer value of football players

N. Nikitina, V. Bolgova, M. Vinopal and T. Nikiforova
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N. Nikitina: Department of Applied Economic Research, Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia
V. Bolgova: Faculty of Economics, Lomonosov Moscow State University, Moscow, Russia
M. Vinopal: Faculty of Economics, Lomonosov Moscow State University, Moscow, Russia
T. Nikiforova: Faculty of Economics, Lomonosov Moscow State University, Moscow, Russia

Journal of the New Economic Association, 2022, vol. 54, issue 2, 176-187

Abstract: In this paper, we evaluated the impact of the attractiveness of a football player on the value of a transfer transaction, combining two deeply studied areas of research: factors affecting the value of transfer and a "beauty premium" of a player in this labor market. The determinants that affect the value of transfer value are based on the data of the transfer window 2017/2018 season. Three European football leagues were used for our calculations: La Liga, Premier League and Bundesliga. We used a two-step Heckman procedure to assess the impact of player's attractiveness on a transfer value. We got the following results: physical attractiveness does not affect the decision to buy a player for money or zero transfer cost, but significantly affects the value of transfer transaction. An increase in 1 in the player's attractiveness index increases the transfer value by 3.8%.

Keywords: football transfers; beauty premium; Heckman procedure; La Liga; Premier League; Bundesliga (search for similar items in EconPapers)
JEL-codes: C18 C25 J71 Z20 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2022:i:54:p:176-187

DOI: 10.31737/2221-2264-2022-54-2-9

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