IDEAS home Printed from https://ideas.repec.org/a/nea/journl/y2022i54p176-187.html
   My bibliography  Save this article

The influence of external attractiveness on the transfer value of football players

Author

Listed:
  • Nikitina, N.

    (Department of Applied Economic Research, Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia)

  • Bolgova, V.

    (Faculty of Economics, Lomonosov Moscow State University, Moscow, Russia)

  • Vinopal, M.

    (Faculty of Economics, Lomonosov Moscow State University, Moscow, Russia)

  • Nikiforova, T.

    (Faculty of Economics, Lomonosov Moscow State University, Moscow, Russia)

Abstract

In this paper, we evaluated the impact of the attractiveness of a football player on the value of a transfer transaction, combining two deeply studied areas of research: factors affecting the value of transfer and a "beauty premium" of a player in this labor market. The determinants that affect the value of transfer value are based on the data of the transfer window 2017/2018 season. Three European football leagues were used for our calculations: La Liga, Premier League and Bundesliga. We used a two-step Heckman procedure to assess the impact of player's attractiveness on a transfer value. We got the following results: physical attractiveness does not affect the decision to buy a player for money or zero transfer cost, but significantly affects the value of transfer transaction. An increase in 1 in the player's attractiveness index increases the transfer value by 3.8%.

Suggested Citation

  • Nikitina, N. & Bolgova, V. & Vinopal, M. & Nikiforova, T., 2022. "The influence of external attractiveness on the transfer value of football players," Journal of the New Economic Association, New Economic Association, vol. 54(2), pages 176-187.
  • Handle: RePEc:nea:journl:y:2022:i:54:p:176-187
    DOI: 10.31737/2221-2264-2022-54-2-9
    as

    Download full text from publisher

    File URL: http://www.econorus.org/repec/journl/2022-54-176-187r.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.31737/2221-2264-2022-54-2-9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Hamermesh, Daniel S & Biddle, Jeff E, 1994. "Beauty and the Labor Market," American Economic Review, American Economic Association, vol. 84(5), pages 1174-1194, December.
    2. Ralph Stinebrickner & Todd Stinebrickner & Paul Sullivan, 2019. "Beauty, Job Tasks, and Wages: A New Conclusion about Employer Taste-Based Discrimination," The Review of Economics and Statistics, MIT Press, vol. 101(4), pages 602-615, October.
    3. Markus M. Mobius & Tanya S. Rosenblat, 2006. "Why Beauty Matters," American Economic Review, American Economic Association, vol. 96(1), pages 222-235, March.
    4. Hans van Ophem & Jeroen Ruijg, 2014. "Determinants of football transfers," UvA-Econometrics Working Papers 14-01, Universiteit van Amsterdam, Dept. of Econometrics.
    5. Victor Aguirregabiria, 2009. "Some notes on sample selection models (in Russian)," Quantile, Quantile, issue 7, pages 21-36, September.
    6. Deryugina, Tatyana & Shurchkov, Olga, 2015. "Now you see it, now you don’t: The vanishing beauty premium," Journal of Economic Behavior & Organization, Elsevier, vol. 116(C), pages 331-345.
    7. Doorley, Karina & Sierminska, Eva, 2015. "Myth or fact? The beauty premium across the wage distribution in Germany," Economics Letters, Elsevier, vol. 129(C), pages 29-34.
    8. Orlov, Denis, 2015. "The effect of clubs’ bargaining power on football player’s transfer value," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 39(3), pages 45-64.
    9. Berri, David J. & Simmons, Rob & Van Gilder, Jennifer & O'Neill, Lisle, 2011. "What does it mean to find the face of the franchise? Physical attractiveness and the evaluation of athletic performance," Economics Letters, Elsevier, vol. 111(3), pages 200-202, June.
    10. Aguirregabiria, Victor, 2009. "Some Notes on Sample Selection Models," MPRA Paper 15974, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dilmaghani, Maryam, 2020. "Beauty perks: Physical appearance, earnings, and fringe benefits," Economics & Human Biology, Elsevier, vol. 38(C).
    2. Eiji Yamamura & Ryohei Hayashi & Yoshiro Tsutsui & Fumio Ohtake, 2022. "Racers’ attractive looks, popularity, and performance: how do speedboat racers react to fans’ expectations?," The Japanese Economic Review, Springer, vol. 73(4), pages 597-623, October.
    3. Guodong Guo & Brad R. Humphreys & Qiangchang Wang & Yang Zhou, 2023. "Attractive or Aggressive? A Face Recognition and Machine Learning Approach for Estimating Returns to Visual Appearance," Journal of Sports Economics, , vol. 24(6), pages 737-758, August.
    4. Peng, Langchuan & Wang, Xi & Ying, Shanshan, 2020. "The heterogeneity of beauty premium in China: Evidence from CFPS," Economic Modelling, Elsevier, vol. 90(C), pages 386-396.
    5. Chan, Ho Fai & Ulrich, Fabian & Altman, Hannah & Schmidt, Sascha L. & Schreyer, Dominik & Torgler, Benno, 2022. "Beyond performance? The importance of subjective and objective physical appearance in award nominations and receptions in football," Journal of Economic Behavior & Organization, Elsevier, vol. 204(C), pages 271-289.
    6. David Ong, 2022. "The college admissions contribution to the labor market beauty premium," Contemporary Economic Policy, Western Economic Association International, vol. 40(3), pages 491-512, July.
    7. Kseniya Bortnikova, 2020. "Beauty and Productivity: A Meta-Analysis," Working Papers IES 2020/18, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jun 2020.
    8. Deng, Weiguang & Li, Dayang & Zhou, Dong, 2019. "Beauty and Job Accessibility: New Evidence from a Field Experiment," GLO Discussion Paper Series 369, Global Labor Organization (GLO).
    9. Ahmed, Shaker & Ranta, Mikko & Vähämaa, Emilia & Vähämaa, Sami, 2023. "Facial attractiveness and CEO compensation: Evidence from the banking industry," Journal of Economics and Business, Elsevier, vol. 123(C).
    10. Zhang, Junsen & Fei, Shulan & Wen, Yanbing, 2023. "How Does the Beauty of Wives Affect Post-Marriage Family Outcomes? Helen's Face in Chinese Households," IZA Discussion Papers 16157, Institute of Labor Economics (IZA).
    11. Helmut Dietl & Anil Özdemir & Andrew Rendall, 2018. "The Role of Physical Attractiveness in Tennis TV-Viewership," Working Papers 376, University of Zurich, Department of Business Administration (IBW).
    12. Canace, Thomas G. & Cianci, Anna M. & (Kelvin) Liu, Xiaotao & Tsakumis, George T., 2020. "Paid for looks when others are looking: CEO facial traits, compensation, and corporate visibility," Journal of Business Research, Elsevier, vol. 115(C), pages 85-100.
    13. Ralph Stinebrickner & Todd Stinebrickner & Paul Sullivan, 2019. "Beauty, Job Tasks, and Wages: A New Conclusion about Employer Taste-Based Discrimination," The Review of Economics and Statistics, MIT Press, vol. 101(4), pages 602-615, October.
    14. Joseph T. Halford & Hung‐Chia S. Hsu, 2020. "Beauty is wealth: CEO attractiveness and firm value," The Financial Review, Eastern Finance Association, vol. 55(4), pages 529-556, November.
    15. Ying Cao & Feng Guan & Zengquan Li & Yong George Yang, 2020. "Analysts’ Beauty and Performance," Management Science, INFORMS, vol. 66(9), pages 4315-4335, September.
    16. Seung Chan Ahn & Young Hoon Lee, 2014. "Beauty And Productivity: The Case Of The Ladies Professional Golf Association," Contemporary Economic Policy, Western Economic Association International, vol. 32(1), pages 155-168, January.
    17. Babin, J. Jobu & Chauhan, Haritima S. & Kistler, Steven L., 2024. "When pretty hurts: Beauty premia and penalties in eSports," Journal of Economic Behavior & Organization, Elsevier, vol. 217(C), pages 726-741.
    18. Deryugina, Tatyana, 2013. "When Are Appearances Deceiving? The Nature of the Beauty Premium," MPRA Paper 53581, University Library of Munich, Germany.
    19. Balafoutas, Loukas & Fornwagner, Helena & Grosskopf, Brit, 2023. "Predictably competitive? What faces can tell us about competitive behavior," Games and Economic Behavior, Elsevier, vol. 142(C), pages 931-940.
    20. Deryugina, Tatyana & Shurchkov, Olga, 2015. "Now you see it, now you don’t: The vanishing beauty premium," Journal of Economic Behavior & Organization, Elsevier, vol. 116(C), pages 331-345.

    More about this item

    Keywords

    football transfers; beauty premium; Heckman procedure; La Liga; Premier League; Bundesliga;
    All these keywords.

    JEL classification:

    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
    • Z20 - Other Special Topics - - Sports Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nea:journl:y:2022:i:54:p:176-187. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexey Tcharykov (email available below). General contact details of provider: https://edirc.repec.org/data/nearuea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.