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doi:10.22028/D291-40402
Titel: | The impact of investors on transfer fees in the English Premier League: A study of the ownership structures |
VerfasserIn: | Richau, Lukas Follert, Florian Frenger, Monika Emrich, Eike |
Sprache: | Englisch |
Titel: | Corporate Ownership and Control |
Bandnummer: | 18 |
Heft: | 3, special issue |
Seiten: | 241–256 |
Verlag/Plattform: | Virtus Interpress |
Erscheinungsjahr: | 2021 |
Freie Schlagwörter: | Sports Finance Property Rights Club Ownership Investors Football Transfer Market |
DDC-Sachgruppe: | 796 Sport |
Dokumenttyp: | Journalartikel / Zeitschriftenartikel |
Abstract: | Transfer fees in European football have experienced a rapid increase in the past years. Simultaneously, an increasing number of domestic and recently foreign investors — who are assumed to further increase team spending in European football — have entered the football market by becoming club owners. In light of these developments, fears associated with an increasing influence of foreign (majority) investors from the financial as well as the emotional fan perspective have increased. Given the rather limited number of empirical studies focusing on the impact of investors on transfer fees, we shed further light on this topic. Based on a data sample including transfer fees, player characteristics, player performance and team performance from 2012–2013 to 2018–2019 for the English Premier League, we estimate OLS regressions and quantile regressions to analyze the effects of ownership concentration and investor origin on the amount of individual transfer fees. While we do not find strong evidence that ownership concentration increases the willingness to pay, we find fairly consistent results that foreign investors are willing to pay a premium compared to domestic investors. Our results also indicate that especially foreign investors who own a majority share of a club have a positive effect on transfer fees for the upper quantiles. |
DOI der Erstveröffentlichung: | 10.22495/cocv18i3siart2 |
URL der Erstveröffentlichung: | https://virtusinterpress.org/The-impact-of-investors-on-transfer-fees-in-the-English-Premier-League-A-study-of-the-ownership-structures.html |
Link zu diesem Datensatz: | urn:nbn:de:bsz:291--ds-404029 hdl:20.500.11880/36320 http://dx.doi.org/10.22028/D291-40402 |
ISSN: | 1810-3057 1727-9232 |
Datum des Eintrags: | 29-Aug-2023 |
Fakultät: | HW - Fakultät für Empirische Humanwissenschaften und Wirtschaftswissenschaft |
Fachrichtung: | HW - Sportwissenschaft |
Professur: | HW - Keiner Professur zugeordnet |
Sammlung: | SciDok - Der Wissenschaftsserver der Universität des Saarlandes |
Dateien zu diesem Datensatz:
Datei | Beschreibung | Größe | Format | |
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cocv18i3siart2.pdf | 1,21 MB | Adobe PDF | Öffnen/Anzeigen |
Diese Ressource wurde unter folgender Copyright-Bestimmung veröffentlicht: Lizenz von Creative Commons