Management Efficiency in Football: An Empirical Analysis of Two Extreme Cases |
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| Authors: | Miguel Jara Dimitri Paolini Juan de Dios Tena Horrillo |
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| Institution: | 1. Departamento de Economía, Universidad de Concepción, Biobío, Chile;2. CRENoS and DISea, Università di Sassari, Sassari, Italy;3. CORE, Université catholique de Louvain, Louvain‐La‐Neuve, Belgium;4. Department of Statistics and Instituto Flores de Lemus, Universidad Carlos III, Madrid, Spain |
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| Abstract: | Analysis of managerial efficiency in sport economics typically focuses on evaluating coach decisions instead of assessing the organization as a whole. This paper studies the relative importance of variables related to power and managerial decisions by estimating stochastic production frontiers models for the Chilean and Italian football leagues. We find that historical and geographical variables intended to capture market size play their expected roles in both Italy and Chile. However, the degree of technical inefficiency is lower magnitude in Chile. This difference could be due to a smaller market size and/or to financial constraints faced by small clubs in this country. Copyright © 2014 John Wiley & Sons, Ltd. |
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