The Determinants of Brazilian Football Clubs’ Debt Ratios

This paper explores the relationship between the debt ratio of Brazilian football clubs and several potential determinants, both financial and sports-related. Our explanatory variables are Current Ratio, Return on Assets, Score Percentage, Size, 12 Biggest Clubs, Access (to specific championships,...

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Autores principales:	Marke Geisy da Silva Dantas, Raimundo Marciano de Freitas Neto, Maria Alice Alves da Costa, Alexandro Barbosa
Formato:	article
Lenguaje:	EN PT
Publicado:	FUCAPE Business School 2017
Materias:	football clubs determinants debt ratio profitability first division Business HF5001-6182
Acceso en línea:	https://doaj.org/article/1cfb72caca2e40588d9e62ca320803c1
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id	oai:doaj.org-article:1cfb72caca2e40588d9e62ca320803c1
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spelling	oai:doaj.org-article:1cfb72caca2e40588d9e62ca320803c12021-11-11T15:48:07ZThe Determinants of Brazilian Football Clubs’ Debt Ratios1807-734Xhttps://doaj.org/article/1cfb72caca2e40588d9e62ca320803c12017-01-01T00:00:00Zhttp://www.redalyc.org/articulo.oa?id=123054178004https://doaj.org/toc/1807-734XThis paper explores the relationship between the debt ratio of Brazilian football clubs and several potential determinants, both financial and sports-related. Our explanatory variables are Current Ratio, Return on Assets, Score Percentage, Size, 12 Biggest Clubs, Access (to specific championships, e.g. Libertadores da América ), Division, Title (won at time t ) and Relegated (at time t ). Data was collected from several publicly available channels and our sample was mostly decided according to this availability. The time range adopted was 2010-2013. The model employed was Generalized Estimating Equation. Our results suggest that debt ratios are more associated with their popularity or their participation in the highest division of its main championship rather than titles held, access to different competitions or relegation to lower levels. We believe that our findings may be useful for both practitioners, who might know the impact of their sports-related choices in their clubs’ debts, and policymakers, that could prepare differentiated policies for specific groups (e.g divisions).Marke Geisy da Silva DantasRaimundo Marciano de Freitas NetoMaria Alice Alves da CostaAlexandro BarbosaFUCAPE Business Schoolarticlefootball clubsdeterminantsdebt ratioprofitabilityfirst divisionBusinessHF5001-6182ENPTBBR: Brazilian Business Review, Vol 14, Pp 94-109 (2017)
institution	DOAJ
collection	DOAJ
language	EN PT
topic	football clubs determinants debt ratio profitability first division Business HF5001-6182
spellingShingle	football clubs determinants debt ratio profitability first division Business HF5001-6182 Marke Geisy da Silva Dantas Raimundo Marciano de Freitas Neto Maria Alice Alves da Costa Alexandro Barbosa The Determinants of Brazilian Football Clubs’ Debt Ratios
description	This paper explores the relationship between the debt ratio of Brazilian football clubs and several potential determinants, both financial and sports-related. Our explanatory variables are Current Ratio, Return on Assets, Score Percentage, Size, 12 Biggest Clubs, Access (to specific championships, e.g. Libertadores da América ), Division, Title (won at time t ) and Relegated (at time t ). Data was collected from several publicly available channels and our sample was mostly decided according to this availability. The time range adopted was 2010-2013. The model employed was Generalized Estimating Equation. Our results suggest that debt ratios are more associated with their popularity or their participation in the highest division of its main championship rather than titles held, access to different competitions or relegation to lower levels. We believe that our findings may be useful for both practitioners, who might know the impact of their sports-related choices in their clubs’ debts, and policymakers, that could prepare differentiated policies for specific groups (e.g divisions).
format	article
author	Marke Geisy da Silva Dantas Raimundo Marciano de Freitas Neto Maria Alice Alves da Costa Alexandro Barbosa
author_facet	Marke Geisy da Silva Dantas Raimundo Marciano de Freitas Neto Maria Alice Alves da Costa Alexandro Barbosa
author_sort	Marke Geisy da Silva Dantas
title	The Determinants of Brazilian Football Clubs’ Debt Ratios
title_short	The Determinants of Brazilian Football Clubs’ Debt Ratios
title_full	The Determinants of Brazilian Football Clubs’ Debt Ratios
title_fullStr	The Determinants of Brazilian Football Clubs’ Debt Ratios
title_full_unstemmed	The Determinants of Brazilian Football Clubs’ Debt Ratios
title_sort	determinants of brazilian football clubs’ debt ratios
publisher	FUCAPE Business School
publishDate	2017
url	https://doaj.org/article/1cfb72caca2e40588d9e62ca320803c1
work_keys_str_mv	AT markegeisydasilvadantas thedeterminantsofbrazilianfootballclubsdebtratios AT raimundomarcianodefreitasneto thedeterminantsofbrazilianfootballclubsdebtratios AT mariaalicealvesdacosta thedeterminantsofbrazilianfootballclubsdebtratios AT alexandrobarbosa thedeterminantsofbrazilianfootballclubsdebtratios AT markegeisydasilvadantas determinantsofbrazilianfootballclubsdebtratios AT raimundomarcianodefreitasneto determinantsofbrazilianfootballclubsdebtratios AT mariaalicealvesdacosta determinantsofbrazilianfootballclubsdebtratios AT alexandrobarbosa determinantsofbrazilianfootballclubsdebtratios
_version_	1718433877991620608

The Determinants of Brazilian Football Clubs’ Debt Ratios

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