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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
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    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

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