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Intellectual capital and profitability in European football clubs

Author

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  • Panagiotis E. Dimitropoulos
  • Evangelos Koumanakos

Abstract

The scope of this study is to examine the impact of intellectual capital on the profitability of European listed football clubs which are characterised as a human intensive industry. Selecting a sample from nine European countries over the period 2005-2010, the paper incorporates panel data methodologies in order to examine the impact of intellectual capital (measured via the value added intellectual coefficient - VAIC) on the financial performance of listed football clubs. Evidence indicates a positive association between intellectual capital and profitability. Specifically, the human capital efficiency indicator presents the most significant association with profitability, suggesting that managers who spent more on their employees (players, technical staff, etc.) add higher value to the organisation which leads to enhanced financial performance. This study can provide the impetus for managers and regulators to consider the management and reporting of IC components on a regular basis as an additional tool for alleviating the immense financial problems of European football clubs.

Suggested Citation

  • Panagiotis E. Dimitropoulos & Evangelos Koumanakos, 2015. "Intellectual capital and profitability in European football clubs," International Journal of Accounting, Auditing and Performance Evaluation, Inderscience Enterprises Ltd, vol. 11(2), pages 202-220.
    • Handle: RePEc:ids:ijaape:v:11:y:2015:i:2:p:202-220
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    Citations

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    Cited by:

    1. Perechuda Igor, 2020. "Intellectual Capital Determinants of Football Clubs in Europe," Polish Journal of Sport and Tourism, Sciendo, vol. 27(2), pages 8-13, June.
    2. Alberto Calahorro-López & Melinda Ratkai & Julio Vena-Oya, 2022. "The Financial/Accounting Impact of FFP on Participating in European Competitions: An Analysis of the Spanish League," IJFS, MDPI, vol. 10(3), pages 1-19, September.
    3. Patrizia Gazzola & Stefano Amelio & Fragkoulis Papagiannis & Elena-Madalina Vatamanescu, 2019. "Financial Reporting in European Football Teams: A Disclosure Analysis of Player Registrations," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 9(4), pages 182-206, October.
    4. Sarah Athirah Saruchi & Nor Aiza Mohd Zamil & Rohaida Basiruddin & Nor Faezah Ghazi Ahmad, 2019. "Examining the Impact of Corporate Governance on Intellectual Capital: Empirical Evidence of Islamic Banks," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 9(3), pages 104-117, July.

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