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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Autores principales:	Marcelo Machado de Freitas, Rafael Araújo Sousa Farias, Leonardo Flach
Formato:	article
Lenguaje:	EN PT
Publicado:	FUCAPE Business School 2017
Materias:	expenditure revenues football financial efficiency data envelopment analysis tobit regression model Business HF5001-6182
Acceso en línea:	https://doaj.org/article/cdbc1eab28c44751b41f0b47e29120b5
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spelling	oai:doaj.org-article:cdbc1eab28c44751b41f0b47e29120b52021-11-11T15:48:07ZEfficiency Determinants in Brazilian Football Clubs1807-734Xhttps://doaj.org/article/cdbc1eab28c44751b41f0b47e29120b52017-01-01T00:00:00Zhttp://www.redalyc.org/articulo.oa?id=123054178001https://doaj.org/toc/1807-734XThe 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.Marcelo Machado de FreitasRafael Araújo Sousa FariasLeonardo FlachFUCAPE Business Schoolarticleexpenditurerevenuesfootball financial efficiencydata envelopment analysis tobit regression modelBusinessHF5001-6182ENPTBBR: Brazilian Business Review, Vol 14, Pp 1-23 (2017)
institution	DOAJ
collection	DOAJ
language	EN PT
topic	expenditure revenues football financial efficiency data envelopment analysis tobit regression model Business HF5001-6182
spellingShingle	expenditure revenues football financial efficiency data envelopment analysis tobit regression model Business HF5001-6182 Marcelo Machado de Freitas Rafael Araújo Sousa Farias Leonardo Flach Efficiency Determinants in Brazilian Football Clubs
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
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
title	Efficiency Determinants in Brazilian Football Clubs
title_short	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_sort	efficiency determinants in brazilian football clubs
publisher	FUCAPE Business School
publishDate	2017
url	https://doaj.org/article/cdbc1eab28c44751b41f0b47e29120b5
work_keys_str_mv	AT marcelomachadodefreitas efficiencydeterminantsinbrazilianfootballclubs AT rafaelaraujosousafarias efficiencydeterminantsinbrazilianfootballclubs AT leonardoflach efficiencydeterminantsinbrazilianfootballclubs
_version_	1718433921412104192

Efficiency Determinants in Brazilian Football Clubs

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