The influence of sports performance on economic-financial performance: An analysis of Brazilian soccer clubs from 2013 to 2017

Authors

DOI:

https://doi.org/10.19094/contextus.2020.44392

Keywords:

soccer clubs, financial performance, team performance, revenue, brazilian soccer

Abstract

This study examined the relationship between sports performance and economic-financial performance in the subsequent year based on the revenue sources of Brazilian sports clubs from 2013 to 2017. Sports performance was measured by the position in the national league and the overall team performance in all championships. To measure economic-financial performance, we used net revenue and other revenue sources, such as broadcasting, matchday, commercial, and player sales. Using panel data analysis, we found that team performance positively and significantly affects clubs’ economic-financial performance in the subsequent year. However, these effects were shown to be very heterogeneous when we compared different measures of team performance and types of revenue sources. The findings confirm the export market pattern in Brazil since the revenue from player sales was the variable most explained by previous sports performance.

Author Biographies

Rafael Simão Gonçalves, Instituto Federal do Rio de Janeiro

Graduated in Accounting from Faculdade Moraes Junior - Mackenzie Rio (2012) and Master in Accounting from Universidade Federal do Rio de Janeiro (2015). He is currently an effective professor at the Federal Institute of Education, Science and Technology of Rio de Janeiro - IFRJ. He is interested in the areas of Financial and Management Accounting.

Renato Cruz Mendes, Instituto Federal do Rio de Janeiro

Master in Administration from the Federal Rural University of Rio de Janeiro - UFRRJ, Specialist in Controllership and Finance from the University of Grande Rio - UNIGRANRIO, Graduated in Administration from the University of Grande Rio - UNIGRANRIO and in Accounting from the Federal University of Rio de Janeiro - UFRJ . Full professor at the Federal Institute of Education, Science and Technology of Rio de Janeiro - IFRJ and former Substitute Professor at the Federal Rural University of Rio de Janeiro - UFRRJ. Topics of interest: Corporate Finance, Corporate Governance and Company Valuation.

Flávio Medeiros Henriques, Instituto Federal do Rio de Janeiro

Professor of Administration and Marketing at the Federal Institute of Education, Science and Technology of Rio de Janeiro - IFRJ. Master in Management and Strategy from the Federal Rural University of Rio de Janeiro, Bachelor in Administration from Centro Universitário Geraldo diBiase (2010) and Specialist in Business Marketing from Universidade Federal Fluminense (2012). He has a degree in Mathematics from the University of Franca - UNIFRAN (2013).

Gustavo Moreira Tavares, Instituto Federal do Rio de Janeiro

Graduated in Business Administration and Aeronautical Sciences. Master in Business Administration from EBAPE-FGV. He is currently a professor of Administration at IFRJ and a student in the Academic Doctorate in Administration Program at EBAPE-FGV. His research interest is leadership and organizational behavior. Professionally, he served as Aviator Officer of the Brazilian Air Force, an institution in which he served for 12 years.

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Published

2020-11-02

How to Cite

Gonçalves, R. S. ., Mendes, R. C. ., Henriques, F. M. ., & Tavares, G. M. . (2020). The influence of sports performance on economic-financial performance: An analysis of Brazilian soccer clubs from 2013 to 2017. Contextus - Contemporary Journal of Economics and Management, 18, 239–250. https://doi.org/10.19094/contextus.2020.44392

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Vol. 18: jan/dec 2020

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