Fiscal Responsibility Strategy in Brazilian Football Clubs: A Dynamic Efficiency Analysis

The objective of this study is to structure an indicator of dynamic efficiency focused on fiscal responsibility strategy of Brazilian football clubs and explain the concept of efficiency by the market structure and sports performance. Our main contribution to the previous empirical literature is t...

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Bibliographic Details
Main Authors: Alexandro Barbosa, Marke Geisy da Silva Dantas, Yuri Gomes Paiva Azevedo, Victor Branco de Holanda
Format: Article
Language:English
Published: FUCAPE Business School 2017-01-01
Series:BBR: Brazilian Business Review
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Online Access:http://www.redalyc.org/articulo.oa?id=123054178003
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Summary:The objective of this study is to structure an indicator of dynamic efficiency focused on fiscal responsibility strategy of Brazilian football clubs and explain the concept of efficiency by the market structure and sports performance. Our main contribution to the previous empirical literature is the utilization of an additive model for temporal series called the Dynamic Slack Based Model. We estimated the inter-temporal efficiency of 25 football clubs of a balanced panel data that span the period 2010-2014. The results showed that the dynamic efficiency of the Brazilian football clubs is, on average, 80.62%. Finally, the results shown in the explanatory model suggest that the features of market structure and sporting factors have positive and significant associations with dynamic efficiency such as the size of the club, participation in the “Libertadores” Cup, access to a higher division and relegation to a lower division.
ISSN:1807-734X