Professional Team Sports And The Soft Budget Constraint

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Professional Team Sports and the Soft Budget Constraint

Author : Rasmus K. Storm
Publisher : Edward Elgar Publishing
ISBN 13 : 9781800375987
Total Pages : 240 pages
Book Rating : 4.3/5 (759 download)

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Book Synopsis Professional Team Sports and the Soft Budget Constraint by : Rasmus K. Storm

Download or read book Professional Team Sports and the Soft Budget Constraint written by Rasmus K. Storm and published by Edward Elgar Publishing. This book was released on 2022-09-28 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring why professional team sport clubs are almost always able to survive despite financial mismanagement, inflated player salaries and persistent deficits, this book provides new evidence on how to explain this phenomenon. It looks at the context in which many clubs operate - the soft budget constraint - and how the clubs in this respect resemble state-owned enterprises in socialist countries or big banks in financial crises. Chapters discuss the challenge of hardening the budget constraint, including UEFA's Financial Fair Play regulation. They include new data about the soft budget constraint phenomenon, including evidence from Central and Eastern Europe. Leading scholars in the field develop the theoretical approach to the topic using institutional theory, dialogue with critics and discussions on the merits and limits of soft budgets. The book also investigates key case studies of bailouts and liquidation of professional sports teams. This will be an invigorating read for scholars and students of sports economics and sports management. It will also be helpful to managers and directors in professional sports clubs looking for a better understanding of the soft budget constraint.

Professional Team Sports and the Soft Budget Constraint

Author : Storm, Rasmus K.
Publisher : Edward Elgar Publishing
ISBN 13 : 1800375999
Total Pages : 247 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis Professional Team Sports and the Soft Budget Constraint by : Storm, Rasmus K.

Download or read book Professional Team Sports and the Soft Budget Constraint written by Storm, Rasmus K. and published by Edward Elgar Publishing. This book was released on 2022-09-08 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring why professional team sport clubs are almost always able to survive despite financial mismanagement, inflated player salaries and persistent deficits, this book provides new evidence on how to explain this phenomenon. It looks at the context in which many clubs operate – the soft budget constraint – and how the clubs in this respect resemble state-owned enterprises in socialist countries or big banks in financial crises.

Disequilibrium Sports Economics

Author : Wladimir Andreff
Publisher : Edward Elgar Publishing
ISBN 13 : 1783479361
Total Pages : 268 pages
Book Rating : 4.7/5 (834 download)

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Book Synopsis Disequilibrium Sports Economics by : Wladimir Andreff

Download or read book Disequilibrium Sports Economics written by Wladimir Andreff and published by Edward Elgar Publishing. This book was released on 2015-09-25 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: For decades, sports economics has been set within the framework of equilibrium economics, in particular when modelling team sport leagues. Based on a conviction that this does not reflect real life, this book addresses a gap in the literature and opens up a new research area by applying concepts drawn from disequilibrium economics. It is divided into two parts, the first of which focuses on economic disequilibrium in sports markets and competitive imbalance in sporting contests. The second part concentrates on soft budget constraints and their consequences for club governance and management.

The Economic Theory of Professional Team Sports

Author : Stefan Késenne
Publisher : Edward Elgar Publishing
ISBN 13 : 1847207065
Total Pages : 177 pages
Book Rating : 4.8/5 (472 download)

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Book Synopsis The Economic Theory of Professional Team Sports by : Stefan Késenne

Download or read book The Economic Theory of Professional Team Sports written by Stefan Késenne and published by Edward Elgar Publishing. This book was released on 2007 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses the theory of professional team sports. This book explores the special characteristics of the industry, analysing the product and player labour market under both the profit- and win-maximisation hypothesis. It investigates the impact of different league regulations such as the transfer system, revenue sharing arrangements and salary caps.

When Sport Meets Business

Author : Ulrik Wagner
Publisher : SAGE
ISBN 13 : 1473987415
Total Pages : 257 pages
Book Rating : 4.4/5 (739 download)

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Book Synopsis When Sport Meets Business by : Ulrik Wagner

Download or read book When Sport Meets Business written by Ulrik Wagner and published by SAGE. This book was released on 2016-10-19 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by European professors and focusing on the specificities of European sport, When Sport Meets Business analyses the growing commercialisation of professional sport in recent years and explains how it has developed into a major global industry. Structured into four sections, the book covers the key issues in the Business of professional sport: The New Sport Environment – Analysing the consequences of increasing commercialisation by looking at the multi-billion dollar sports goods industry; the effects of globalisation and how commercial influences have made running one of Europe’s most popular sports. Sport Marketing and Media – Investigating the role media and marketing has in commercialisation, with emphasis on the growth of sponsorship; media rights in European club football and the growing influence of social media in sport. Sport and Finance – Relating to the economics of European sport: there is an investigation into the financial policies employed by European Football clubs, specifically in regards to the Financial Fair Play regulations, and the topical issue of high level corruption. Sporting Events – Looking at additional factors that affect professional sport: highlighting the impact an Olympic Games can have on a host city and the longevity of an Olympic urban legacy. The authors have included insightful case studies from across the continent, including anti RB-Leipzig media campaigns in Germany, financial policies at England’s Chelsea FC, French Tennis Federation corporate responsibility, Media rights in Spain’s LaLiga, the sponsorship viability for Ukraine’s Klitschko brothers and the case of Denmark’s Viborg F.F. Suitable for undergraduate and postgraduate students in sport related courses, including sport management, sport economics, sport marketing and the sociology of sport.

The Economics of Professional Team Sports

Author : Paul Downward
Publisher : Routledge
ISBN 13 : 1134618484
Total Pages : 280 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis The Economics of Professional Team Sports by : Paul Downward

Download or read book The Economics of Professional Team Sports written by Paul Downward and published by Routledge. This book was released on 2000-09-07 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is unique in that it offers the first truly rigorous application of economic principles to its subject. The authors analyse:* the economic literature on sporting leagues* the demand for professional team sports* the players' labour market.Amongst the topics discussed are the US system of franchising and draft picks and the chances of thei

The Economics of Sport

Author : Robert Sandy
Publisher : Bloomsbury Publishing
ISBN 13 : 0230374034
Total Pages : 363 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis The Economics of Sport by : Robert Sandy

Download or read book The Economics of Sport written by Robert Sandy and published by Bloomsbury Publishing. This book was released on 2017-03-14 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text, by three distinguished authors, applies the theories and techniques of economic analysis to sport and topics related to the business of sport. It builds on a basis of introductory microeconomics and continues the discussion, generally at an intermediate standard. The text has an international perspective, primarily the US, Canada, Europe and Australia, and contains relevant and entertaining case studies. The text suits both undergradute and postgraduate students in that while it provides a clear progression of topics throughout, it also incorporates optional sections in each chapters of a higher and more challenging level.

Encyclopedia of Sport Management

Author : Pedersen, Paul M.
Publisher : Edward Elgar Publishing
ISBN 13 : 1800883285
Total Pages : 560 pages
Book Rating : 4.8/5 (8 download)

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Book Synopsis Encyclopedia of Sport Management by : Pedersen, Paul M.

Download or read book Encyclopedia of Sport Management written by Pedersen, Paul M. and published by Edward Elgar Publishing. This book was released on 2021-12-14 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bringing together preeminent international researchers, emerging scholars and practitioners, Paul M. Pedersen presents the comprehensive Encyclopedia of Sport Management, offering detailed entries for the critical concepts and topics in the field.

The Economics and Finance of Professional Team Sports

Author : Daniel Plumley
Publisher : Taylor & Francis
ISBN 13 : 1000815714
Total Pages : 187 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis The Economics and Finance of Professional Team Sports by : Daniel Plumley

Download or read book The Economics and Finance of Professional Team Sports written by Daniel Plumley and published by Taylor & Francis. This book was released on 2022-12-23 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book takes an in-depth look at the economics and finance of professional team sports, with a strong focus on applied analysis and performance measurement, to enable students, researchers, and practitioners to develop their professional knowledge of contemporary sport business. It examines the key themes that define professional team sports today, including the unique features of the team sport market place, the operation of leagues, competitive balance, salary caps, draft systems, income from broadcasting rights, the role of agents, and governance and financial regulation. It analyses the functional aspects of sport finance including where the money flows in and out, how to measure performance holistically, and how to interpret the financial performance of professional sport teams. It also covers emerging and disruptive forces that may shape the market in the future. It includes real- world cases and data in every chapter, including sports from football to Formula 1 and the NFL to the NBA, covering both established and emerging markets around the world. No other book offers such an up-to-date and practical guide to the most important sector of international sport business. This book is essential reading for courses in sport finance and economics, sport business, sport media and marketing, international business, or the economics of service and entertainment industries, and invaluable reading for any sport business professional looking to improve their professional skills. Daniel Plumley is Principal Lecturer in Sport Finance in the Department of Finance, Accounting and Business Systems in the Sheffield Business School at Sheffield Hallam University, UK. His research interests include performance measurement in professional team sports, the economics and finance of professional team sports, and competitive balance in professional team sports. Rob Wilson is Head of Department in Sheffield Business School’s Department of Finance, Accounting and Business Systems, and member of the Social and Economic Research Institute at Sheffield Hallam University, UK specialising in the finance and economics of the sport business industry.

Sports Finance 2018

Author : Angel Barajas
Publisher : MDPI
ISBN 13 : 3039210661
Total Pages : 178 pages
Book Rating : 4.0/5 (392 download)

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Book Synopsis Sports Finance 2018 by : Angel Barajas

Download or read book Sports Finance 2018 written by Angel Barajas and published by MDPI. This book was released on 2019-10-16 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sports economics is a relatively new field of research that is experiencing rapid growth in the economics literature. The importance of the sports industry to economies coupled with the availability of financial and productivity data have made the study of sports economics a useful avenue for exploring research questions that have eluded mainstream economics fields. The main goal of this Special Issue of the International Journal of Financial Studies is to encourage theoretical and applied research in sports economics, which is of interest to both academics and practitioners. For this purpose, this Special Issue on “Sports Finance” invites papers on topics, such as, but not limited to, salary determination, ticket pricing, revenue sharing, salary caps, competitive balance, new stadium financing, rival league behavior, determinants of revenue, television and media, tournament prize structures, financial distress in professional sports, financial fair play, financial control of sports clubs, Third Party Ownership, financial efficiency in professional sports, budget constrains and sport performance, financial information of sports, ownership of professional sport clubs and Crowdfunding in sports. Papers on both professional and amateur sports are welcome.

The economics of professional team sports

Author : J. Cairns
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (111 download)

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Book Synopsis The economics of professional team sports by : J. Cairns

Download or read book The economics of professional team sports written by J. Cairns and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Comparative Economic Studies in Europe

Author : Wladimir Andreff
Publisher : Springer Nature
ISBN 13 : 3030482952
Total Pages : 470 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Comparative Economic Studies in Europe by : Wladimir Andreff

Download or read book Comparative Economic Studies in Europe written by Wladimir Andreff and published by Springer Nature. This book was released on 2020-11-16 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is written in honor of Horst Brezinski and explores a wide and diverse range of topics related to comparative economic studies. Containing contributions from a number of former Presidents of the European Association for Comparative Economic Studies, the chapters discuss the hard budget constraint, economic transformation in Central Eastern Europe, illiberal democracy, sovereign wealth fund, higher education, the euro, the shadow economy, multinational companies, and economic power. Additional attention is given to new areas of study such as the digital economy and sports economics. This book aims to examine comparative economies across a wide range of geographical areas including China, Hungary, the United Kingdom, Poland, and the United States and will be relevant to those interested in emerging and transition economies, the political economy, economic policy, and international relations.

Handbook on the Economics of Sport

Author : Wladimir Andreff
Publisher : Edward Elgar Publishing
ISBN 13 : 1847204074
Total Pages : 849 pages
Book Rating : 4.8/5 (472 download)

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Book Synopsis Handbook on the Economics of Sport by : Wladimir Andreff

Download or read book Handbook on the Economics of Sport written by Wladimir Andreff and published by Edward Elgar Publishing. This book was released on 2006 with total page 849 pages. Available in PDF, EPUB and Kindle. Book excerpt: The editors should be commended for taking on such a big task, and succeeding so well. This book should be in the library of every institution where students have to write a paper that may be related to sport, or on the shelf of any lecturer teaching economics or public finance who has even a remote interest in sport. The material is very accessible, and useful in many different settings. Ruud H. Koning, Jahrbücher f. Nationalökonomie u. Statistik Edward Elgar s brilliant market niche is identifying a topic in economics, finding editors who know the area backwards and challenging them to assemble the best cross-section of relevant articles either already published or newly commissioned. Handbook on the Economics of Sport is Edward Elgar at its very best. If you love economics you ll find many fascinating insights here; if you love sport but know little economics then this book is mostly accessible and will teach you a lot; and if you are a sports-mad economist then you will be in hog heaven. Furthermore, if, like this reviewer, you are broadly very sceptical about the reports consultants produce for governments on the supposed economic windfall from hosting a big event or subsidising a stadium then you will get a lot of good counter-arguments in this volume. Indeed there are several chapters on the above theme that I m sure I ll be copying frequently to government officials in years to come. . . The demand for sport is a fascinating subject and it is hard to pick out just one chapter from the second section. Read them all they make a wonderful 65-page treat. . . Part VI was a real feast, a smorgasbord. . . This is a magnificent piece of work and the 36-page index rounds it all off splendidly. John Blundell, Economic Affairs The book covers the most important areas of research of an emerging economic sub-discipline spanning the past half a century. It serves admirably the purpose of an introduction into the rich and growing area of reflection for all concerned. . . the editors and authors of the Handbook have done a commendable job of accumulating sophisticated material for many economists, managers, politicians and self-conscious fans, who are sure to find excellent training ground for the whole heptathlon. . . This book will be invaluable for advanced students investigating professional sport. From the point of view of lawyers, particularly those engaged with the relationship between law and sports governance, the Handbook offers invaluable analysis of the economic issues that are alluded to in those debates but rarely examined in detail. . . These insights will also prove useful for policy analysts and sports administrators for whom many sections should be considered mandatory reading. Aleksander Sulejewicz, Journal of Contemporary European Research Over 800 pages on the economics of sport. What a feast! What a treat! The editors have done a wonderful job both in terms of breadth from David Beckham to child labour in Pakistan and depth, tournaments and luxury taxes for example. . . The 86 chapters are uniformly of a very high standard and illuminating. And there are real gems in some of the contributions. British Journal on the Economics of Sport This very interesting and comprehensive book achieves its objective, namely to present an overview of research in sports economics at an introductory level. . . [The editors] have produced an excellent reference book that belongs in all academic institutions libraries. It provides extensive introduction to the growing body of literature in the rising field of economics of sport. The book s relevant monographs should be read by institutions, cities and countries prior to their committing major resources towards sports facilities or a sporting event. James Angresano, Journal of Sports Economics One could think of this book as the sports-and-economics counterpart to Joy of Cooking, because it will satisfy the needs of those with a keen interest in such subjects as the

The SAGE Handbook of Sports Economics

Author : Paul Downward
Publisher : SAGE
ISBN 13 : 1526444518
Total Pages : 1077 pages
Book Rating : 4.5/5 (264 download)

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Book Synopsis The SAGE Handbook of Sports Economics by : Paul Downward

Download or read book The SAGE Handbook of Sports Economics written by Paul Downward and published by SAGE. This book was released on 2019-08-26 with total page 1077 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sports economics is a well-established and dynamic area of study; a key component in the fields of sport management, sport science and sport studies, as well as in other areas of economics, finance and management. Covering amateur to professional sports, individual events and organised tournaments, this Handbook provides an authoritative contribution to the understanding of sport in the economy. The editors of The SAGE Handbook of Sports Economics have brought together a global team of respected scholars to create this benchmark collection of insights into sports economics. Each chapter includes a study of a specific context in which issues arise in sports economics, a critical presentation of its main theoretical contributions, an overview of current research findings, and an outline of enquiry for future research. PART I: The Nature and Value of the Sports System and Economy PART II: Amateur Sports Participation, Supply and Impact PART III: Professional Team Sports PART IV: Professional Sports Leagues PART V: Sports Events and their Impacts PART VI: Individual Sports PART VII: Future Research

The Economics of Sports

Author : Michael A. Leeds
Publisher : Routledge
ISBN 13 : 1315510596
Total Pages : 562 pages
Book Rating : 4.3/5 (155 download)

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Book Synopsis The Economics of Sports by : Michael A. Leeds

Download or read book The Economics of Sports written by Michael A. Leeds and published by Routledge. This book was released on 2016-05-23 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt: For undergraduate courses in sports economics, this book introduces core economic concepts developed through examples from the sports industry. The sports industry provides a seemingly endless set of examples from every area of microeconomics, giving students the opportunity to study economics in a context that holds their interest. The Economics of Sports explores economic concepts and theory of industrial organization, public finance, and labor economics in the context of applications and examples from American and international sports.

The Economics of Professional Team Sports

Author : Henry G. Demmert
Publisher : Lexington, Mass : Lexington Books
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Economics of Professional Team Sports by : Henry G. Demmert

Download or read book The Economics of Professional Team Sports written by Henry G. Demmert and published by Lexington, Mass : Lexington Books. This book was released on 1973 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Palgrave Handbook of Globalization and Sport

Author : Joseph Maguire
Publisher : Springer Nature
ISBN 13 : 1137568542
Total Pages : 712 pages
Book Rating : 4.1/5 (375 download)

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Book Synopsis The Palgrave Handbook of Globalization and Sport by : Joseph Maguire

Download or read book The Palgrave Handbook of Globalization and Sport written by Joseph Maguire and published by Springer Nature. This book was released on 2021-11-20 with total page 712 pages. Available in PDF, EPUB and Kindle. Book excerpt: This handbook illustrates the utility of global sport as a lens through which to disentangle the interconnected political, economic, cultural, and social patterns that shape our lives. Drawing on multidisciplinary perspectives, it is organized into three parts. The first part outlines theoretical and conceptual insights from global sport scholarship: from the conceptualization and development of globalization theories, transnationalism and transnational capital, through to mediasport, roving coloniality, and neoliberal doctrine. The second part illustrates the varied flows within global sport and the ways in which these flows are contested, across physical cultures/sport forms, identities, ideologies, media, and economic capital. Diverse topics and cases are covered, such as sport business and the global sport industry, financial fair play, and global mediasport. Finally, the third part explores various aspects of global sport development and governance, incorporating insights from work in the Global South. Across all of these contributions, varied approaches are taken to examine the ‘power of sport’ trope, generating a thought-provoking dialogue for the reader. Featuring an accomplished roster of contributors and wide-ranging coverage of key issues and debates, this handbook will serve as an indispensable resource for scholars and students of contemporary sports studies.