Inversión en talento y visibilidad mediáticaun estudio del fútbol profesional en Europa
- Pedro García-del-Barrio 1
- Juan de Dios Tena Horrillo 2
-
1
Universitat Internacional de Catalunya
info
- 2 Universidad de Liverpool Management School
ISSN: 0210-9107
Datum der Publikation: 2019
Titel der Ausgabe: Deporte y Economía
Nummer: 159
Seiten: 165-179
Art: Artikel
Andere Publikationen in: Papeles de economía española
Zusammenfassung
In this paper we empirically analyse the factors explaining the degree of media visibility in four major European football leagues, by means of an econometric model in which the dependent variable (media visibility of clubs) is estimated on the basis of the relative and aggregate wages of the competition. Controlling for other factors, the analysis enables us to study the way in which a club could improve its media exposure through greater investment in talent. By applying the Blinder-Oaxaca decomposition, we furthermore examine the extent to which differences between football clubs regarding interest in the media is due to varying resources allocations, or else to an increased media attention (estimated ‘betas’) as a reaction to changes in such allocations. Our findings suggest that a club’s media visibility is greatly determined by its environment, that is, by the domestic competition in which it participates. Finally, policy implications that may be drawn from these findings are discussed.
Bibliographische Referenzen
- ANDREFF, W. (2011), «Some comparative economics of the organization of sports: Competition and regulation in North American vs. European professional team sports leagues», European Journal of Comparative Economics, 8: 3-27.
- ANDREFF, W., y N. SCELLES (2015), «Walter C. Neale 50 Years After: Beyond Competitive Balance, the League Standing Effect Tested With French Football Data», Journal of Sports Economics, 16(8): 819-834.
- BLINDER, A. S. (1973), «Wage discrimination: reduced form and structural estimates», The Journal of Human Resources, 8: 436455.
- BURAIMO, B.; FORREST, D., y R. SIMMONS (2007), «Freedom of entry, market size, and competitive outcome: Evidence from English soccer», Southern Economic Journal, 74(1): 204-213. doi:10.230720111960
- BURAIMO, B., y R. SIMMONS (2009), «A tale of two audiences: Spectators, television viewers and outcome uncertainty in the Spanish football», Journal of Economics and Business, 61(4): 326-338.
- DELOITTE ARFF (2005-2018), Deloitte Annual Review of Football Finance, Deloitte’s Sports Business Group.
- DELOITTE FML (1999-2018), Football Money League, Deloitte’s Sports Business Group.
- FLORES, R.; FORREST, D., y J. D. TENA (2010), «Impact on Competitive Balance from Allowing Foreign Players in a Sports League: Evidence from European Soccer», Kyklos, 63(4): 546-557.
- FORREST, D.; BEAUMONT, J.; GODDARD, J., y R. SIMMONS (2005), «Home advantage and the debate about competitive balance in professional sports leagues», Journal of Sports Sciences, 23(4): 439-445.
- FRANCK, E., y S. NÜESCH (2012), «Talent and/or popularity: What does it take to be a superstar?», Economic Inquiry, 50: 202-216.
- FRANK, R., y P. COOK, P. (1995), The winner-take-all society: How more and more Americans compete for ever fewer and bigger prizes, encouraging economic waste, income inequality, and an impoverished cultural life, Simon and Schuster, Free Press, Martin Kessler Books, Nueva York, Londres y Toronto.
- GARCÍA-DEL-BARRIO, P. (2018). «Media Value in Global Sports: Football versus Formula One», International Journal of Sport Management and Marketing, 18(3): 241-266.
- GARCÍA DEL BARRIO, P., y F. PUJOL (2007), «Hidden Monopsony Rents in Winner-take-all Markets», Managerial and Decision Economics, 28: 57-70.
- GARCÍA DEL BARRIO, P., y S. SZYMANSKI (2009), «Goal! Profit maximization and win maximization in football leagues», Review of Industrial Organization, 34: 45-68.
- GARICANO, L.; PALACIOS-HUERTA, I., y C. PRENDERGAST (2005), «Favoritism under social pressure», Review of Economics and Statistics, 87(2): 208-216.
- HOEHN, T., y S. SZYMANSKI (1999), «European football. The structure of leagues and revenue sharing», Economic Policy: A European Forum, 28: 203-240.
- HOGAN, V.; MASSEY, P., y S. MASSEY (2017), «Analysing match attendance in the European Rugby Cup: Does uncertainty of outcome matter in a multinational tournament?», European Sport Management Quarterly, 17(3): 312-330.
- HUMPHREYS, B. (2002), «Alternative measures of competitive balance in sports leagues», Journal of Sports Economics, 3: 133-148.
- HUMPHREYS, B., y J. RUSESKI (2008), «The Size and Scope of the Sports Industry in the United States», Working Papers 0811, International Association of Sports Economists, North American Association of Sports Economists.
- JANN, B. (2008), «The Blinder-Oaxaca decomposition for linear regression models», The Stata Journal, 8(4): 453-479.
- KÉSENNE, S. (1996), «League Management in Professional Team Sports with Win Maximizing Clubs», European Journal for Sport Management, 2: 14-22.
- KÉSENNE, S. (2000), «Revenue Sharing and Competitive Balance in Professional Team Sports, Journal of Sports Economics, 1(1): 56-65.
- KLEVEN, H.; LANGLAIS, C., y E. SÁEZ (2013), «Taxation and international migration of superstars: Evidence from the European football market», American Economic Review, 103: 1892-1924.
- KORZYNSKI, P., y J. PANIAGUA (2016), «Score a tweet and post a goal: Social media recipes for sports stars», Business Horizons, 59(2): 185-192.
- KUPER, S., y S. SZYMANSKI (2014), Soccernomics, HarperSport.
- NEALE, P. (1964), «The peculiar economics of professional sports: A contribution to the theory of the firm in sporting competition and in market competition», Quarterly Journal of Economics, 78: 1-14.
- OAXACA, R. (1973), «Male-Female differentials in urban labor markets», International Economic Review, 14: 693-709.
- PAWLOWSKI, T., y C. ANDERS (2012), «Stadium attendance in German professional football: The (un)importance of uncertainty of outcome reconsidered», Applied Economics Letters, 19: 15531556.
- PEEL, D., y D. THOMAS (1992), «The demand for football: Some evidence of outcome uncertainty», Empirical Economics, 17(2): 323-331.
- ROGERS, W. H. (1993), «Regression standard errors in clustered samples», Stata Technical Bulletin, 13: 19-23. Reimpresión en Stata Technical Bulletin Reprints, 3: 88-94.
- ROSEN, S., y A. SANDERSON (2001), «Labor markets in professional sports», The Economic Journal, 111 (February): F47-F69.
- ROTTEMBERG, D. (1956), «The baseball players’ labor market», Journal of Political Economy, 64(3): 242-258.
- SLOANE, P. (1971), «The economics of professional football: the football club as utility maximiser», Scottish Journal of Political Economy, 17: 121-146.
- SZYMANSKI, S. (2001), «Income Inequality, Competitive Balance and the Attractiveness of Team Sports: Some Evidence and a Natural Experiment from English Soccer», Economic Journal, 111: F69-F84.
- SZYMANSKI, S., y R. SMITH (1997), «The English football industry: profit, performance and industrial structure», International Review of Applied Economics, 11: 135-153.