Efficiency Determinants in Brazilian Football Clubs
The aim of this study is to analyze the efficiency of Brazilian football clubs in generating revenues and the reasons behind it. To achieve this goal, we applied quantitative methods including Data Envelopment Analysis and Tobit regression modeling to data on the best clubs from 2012 to 2014, acc...
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| Format: | Article |
| Language: | English |
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FUCAPE Business School
2017-01-01
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| Series: | BBR: Brazilian Business Review |
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| Online Access: | http://www.redalyc.org/articulo.oa?id=123054178001 |
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| _version_ | 1825207371710857216 |
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| author | Marcelo Machado de Freitas Rafael Araújo Sousa Farias Leonardo Flach |
| author_facet | Marcelo Machado de Freitas Rafael Araújo Sousa Farias Leonardo Flach |
| author_sort | Marcelo Machado de Freitas |
| collection | DOAJ |
| description | The aim of this study is to analyze the efficiency of Brazilian football clubs in generating revenues and the reasons behind it. To achieve this goal, we applied quantitative methods including Data Envelopment Analysis and Tobit regression modeling to data on the best clubs from 2012 to 2014, according to the Brazilian Football Confederation ranking. The results allowed for the inference that the largest Brazilian clubs, such as Grêmio (RS), Palmeiras (SP) and Vasco (RJ), were not efficient in any period under analysis. Others, such as Guarani (SP) and Guaratinguetá (SP), were efficient in all of years under consideration. With the Tobit regression model, we were able to determine that winning titles and the elite status of a given club are decisive factors in achieving efficiency. Included among the strategies that allow for greater efficiency in Brazilian clubs are the better utilization of stadiums and club assets, maximization of the financial worth of player popularity, and joining these with titles and a place in the A Series. Finally, the results of this study contribute to the strategic development of the football business, highlighting the positive effects that efficiency yields for clubs, thus supporting the growing body of research on sports management in Brazilian academia. |
| format | Article |
| id | doaj-art-cdbc1eab28c44751b41f0b47e29120b5 |
| institution | Kabale University |
| issn | 1807-734X |
| language | English |
| publishDate | 2017-01-01 |
| publisher | FUCAPE Business School |
| record_format | Article |
| series | BBR: Brazilian Business Review |
| spelling | doaj-art-cdbc1eab28c44751b41f0b47e29120b52025-02-06T23:39:31ZengFUCAPE Business SchoolBBR: Brazilian Business Review1807-734X2017-01-0114123Efficiency Determinants in Brazilian Football ClubsMarcelo Machado de FreitasRafael Araújo Sousa FariasLeonardo FlachThe aim of this study is to analyze the efficiency of Brazilian football clubs in generating revenues and the reasons behind it. To achieve this goal, we applied quantitative methods including Data Envelopment Analysis and Tobit regression modeling to data on the best clubs from 2012 to 2014, according to the Brazilian Football Confederation ranking. The results allowed for the inference that the largest Brazilian clubs, such as Grêmio (RS), Palmeiras (SP) and Vasco (RJ), were not efficient in any period under analysis. Others, such as Guarani (SP) and Guaratinguetá (SP), were efficient in all of years under consideration. With the Tobit regression model, we were able to determine that winning titles and the elite status of a given club are decisive factors in achieving efficiency. Included among the strategies that allow for greater efficiency in Brazilian clubs are the better utilization of stadiums and club assets, maximization of the financial worth of player popularity, and joining these with titles and a place in the A Series. Finally, the results of this study contribute to the strategic development of the football business, highlighting the positive effects that efficiency yields for clubs, thus supporting the growing body of research on sports management in Brazilian academia.http://www.redalyc.org/articulo.oa?id=123054178001expenditurerevenuesfootball financial efficiencydata envelopment analysis tobit regression model |
| spellingShingle | Marcelo Machado de Freitas Rafael Araújo Sousa Farias Leonardo Flach Efficiency Determinants in Brazilian Football Clubs BBR: Brazilian Business Review expenditure revenues football financial efficiency data envelopment analysis tobit regression model |
| title | Efficiency Determinants in Brazilian Football Clubs |
| title_full | Efficiency Determinants in Brazilian Football Clubs |
| title_fullStr | Efficiency Determinants in Brazilian Football Clubs |
| title_full_unstemmed | Efficiency Determinants in Brazilian Football Clubs |
| title_short | Efficiency Determinants in Brazilian Football Clubs |
| title_sort | efficiency determinants in brazilian football clubs |
| topic | expenditure revenues football financial efficiency data envelopment analysis tobit regression model |
| url | http://www.redalyc.org/articulo.oa?id=123054178001 |
| work_keys_str_mv | AT marcelomachadodefreitas efficiencydeterminantsinbrazilianfootballclubs AT rafaelaraujosousafarias efficiencydeterminantsinbrazilianfootballclubs AT leonardoflach efficiencydeterminantsinbrazilianfootballclubs |