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The relationship between financial and sporting performance of professional football clubs: empirical evidence from brazilian football

Author

Listed:
  • Thomas Cristofaro Warrener

    (PPEA/UFOP)

  • Carlos Eduardo da Gama Torres

    (PPEA/UFOP)

  • Igor Viveiros Melo Souza

    (Cedeplar/UFMG)

Abstract
The aim of this research is to investigate the relationship between sports and financial performance of Brazilian football clubs. Using data extracted from the Itaú-BBA reports (2015, 2016, 2018 and 2020), and from the Brazilian Football Association team performance rankings it was possible to calculate financial and sporting performances of twenty-six Brazilian football clubs for the period between 2013 to 2019. The results presented in this paper indicate that sports performance has a positive effect on the financial results of Brazilian football clubs, and that the financial result exerts a positive influence on sports performance.

Suggested Citation

  • Thomas Cristofaro Warrener & Carlos Eduardo da Gama Torres & Igor Viveiros Melo Souza, 2022. "The relationship between financial and sporting performance of professional football clubs: empirical evidence from brazilian football," Textos para Discussão Cedeplar-UFMG 641, Cedeplar, Universidade Federal de Minas Gerais.
    • Handle: RePEc:cdp:texdis:td641
    as

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    File URL: https://www.cedeplar.ufmg.br/pesquisas/td/TD%20641.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Sports economics; football industry; sports performance; financial performance; simultaneous equations modelling;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • Z23 - Other Special Topics - - Sports Economics - - - Finance

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