Firm Survival in Professional Sports: Evidence from the German Football League

Harald Oberhofer, Tassilo Philippovich () and Hannes Winner

No 2010-16, Working Papers in Economics from University of Salzburg

Abstract: This paper investigates firm survival in professional football, arguing that the relegation and promotion system in football leagues is very similar to firm exits and entries in traditional goods and service markets. Empirically, we use a dataset containing information on how long football teams have remained in the German Premier League over the playing seasons 1981-82 to 2009-10. Controlling for club and market specific characteristics, such as a team's budget or its player composition, our findings suggest that younger firms are systematically exposed to higher risks of market exit in professional football, which is often referred to as `liability of newness' in industrial organization.

Keywords: Firm survival; liability of newness; duration analysis; sports leagues; relegation (search for similar items in EconPapers)
JEL-codes: C25 C41 L21 L25 L83 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2010-11-10, Revised 2011-08-27
New Economics Papers: this item is included in nep-spo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.uni-salzburg.at/fileadmin/oracle_file_imports/1595169.PDF Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.uni-salzburg.at/fileadmin/oracle_file_imports/1595169.PDF [302 Moved Temporarily]--> https://www.uni-salzburg.at/fileadmin/oracle_file_imports/1595169.PDF [301 Moved Permanently]--> https://www.plus.ac.at/404)

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:ris:sbgwpe:2010_016

Access Statistics for this paper

More papers in Working Papers in Economics from University of Salzburg Contact information at EDIRC.
Bibliographic data for series maintained by Jörg Paetzold ().