Insolvency in French Soccer

Nicolas Scelles, Stefan Szymanski and Nadine Dermit-Richard

MPRA Paper from University Library of Munich, Germany

Abstract: This paper examines insolvency at the highest levels of French soccer. Between 1970 and 2014 we observed 72 cases of insolvency arising from participation in the top two or three (since 1993) divisions. We find that demand (attendance) shocks can account for insolvency to a significant degree. We also find that insolvency can be explained by ownership structure, with the tradition Association form being more likely to lead to insolvency. We also examine the post-insolvency performance of soccer clubs and find that the adverse consequences of insolvency are long lasting.

Keywords: insolvency; French soccer; attendance; demand shocks; ownership (search for similar items in EconPapers)
JEL-codes: G33 G38 L83 (search for similar items in EconPapers)
Date: 2016-05-10
New Economics Papers: this item is included in nep-his and nep-spo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Insolvency in French Soccer (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:71219

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