Evaluation of sporting success in Austria: An institutional economics analysis

Michael Barth, Eike Emrich and Frank Daumann

No 20, Working Papers of the European Institute for Socioeconomics from European Institute for Socioeconomics (EIS), Saarbrücken

Abstract: In analysis of Austrian elite sport, a distinction can be made between hierarchical and market organization. Following Williamson, the question of a superiority of governance form caused by the factor specificity of investments is being investi-gated. The results from an applied logit-loglinear model on data from survey with Austrian 'squad-athletes' show that apparently there exists no such superiority. Further investigation of data shows that these results appear to be caused by Aus-tria's "pre-conditions". In a hybrid form of organization like in Austria centraliza-tion might have exceeded the optimal extend and congruency of different products seem to be overemphasized.

Keywords: new institutional economics; asset specificity; factor specificity of investments; sports promotion; sport governance (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:eiswps:20

DOI: 10.22028/D291-27044

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