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A non-parametric analysis of the efficiency of the top European football clubs

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  • Halkos, George
  • Tzeremes, Nickolaos

Abstract

This paper analyses how European football clubs’ current value and debt levels influence their performance. The Simar and Wilson (J Econometrics, 136: 31–64, 2007) procedure is used to bootstrap the data envelopment analysis DEA scores in order to establish the influence of football clubs’ current value and debt levels on their obtained efficiency performances. The results reveal that football clubs’ current value levels have a negative influence on their performances, indicating that football clubs’ high value doesn’t ensure higher performance. At the same time, the empirical evidence suggests that there is no influence associated of football clubs’ debt to their efficiency levels.

Suggested Citation

  • Halkos, George & Tzeremes, Nickolaos, 2011. "A non-parametric analysis of the efficiency of the top European football clubs," MPRA Paper 31173, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:31173
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    References listed on IDEAS

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    Cited by:

    1. Eukasz Leksowski, 2021. "Relationship between sport and financial performance in top European football clubs," Zeszyty Naukowe Małopolskiej Wyższej Szkoły Ekonomicznej w Tarnowie / The Malopolska School of Economics in Tarnow Research Papers Collection, Malopolska School of Economics in Tarnow, vol. 49(1), pages 41-59, March.
    2. Goshunova, Anna, 2013. "The impact of human capital accounting on the efficiency of English professional football clubs," MPRA Paper 45721, University Library of Munich, Germany.

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    More about this item

    Keywords

    European football clubs; Data Envelopment Analysis; Truncated regression; Bootstrapping;
    All these keywords.

    JEL classification:

    • C69 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Other
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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