2018
DOI: 10.5937/industrija46-16116
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Do financial results influence sports results in football industry? Case study of the Brazilian football league

Abstract: The purpose of this article is to investigate the influence of club revenues on their classification during the seasons from 2007 to 2016 of the first division of the Brazilian Football League. The data on club revenue and classification presented in this study were obtained on the websites of the clubs, of entities that investigate the sports economy of the Brazilian Football Confederation. In this study, we used information from 16 clubs, which were divided into 3 sample groups, according to the Total Revenu… Show more

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Cited by 3 publications
(6 citation statements)
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“…These results corroborate the literature, suggesting that the market value of teams alone is not a determining factor for the outcome of a match (Mijatović et al, 2015;Pavlovic et al, 2013Pavlovic et al, , 2014Tertuliano et al, 2018), that is, other match variables, associated with market value, influence the results of the match, such as venue (Bradley et al, 2014;, goals scored (Yi et al, 2019), passes (Anderson & Sally, 2013;Paul Simon Bradley et al, 2014;Collet, 2013), among others (Rocha- Lima et al, 2021a;2021b), suggesting that the success of teams is the result of an association of variables and not the result of an isolated one.…”
Section: Resultssupporting
confidence: 90%
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“…These results corroborate the literature, suggesting that the market value of teams alone is not a determining factor for the outcome of a match (Mijatović et al, 2015;Pavlovic et al, 2013Pavlovic et al, , 2014Tertuliano et al, 2018), that is, other match variables, associated with market value, influence the results of the match, such as venue (Bradley et al, 2014;, goals scored (Yi et al, 2019), passes (Anderson & Sally, 2013;Paul Simon Bradley et al, 2014;Collet, 2013), among others (Rocha- Lima et al, 2021a;2021b), suggesting that the success of teams is the result of an association of variables and not the result of an isolated one.…”
Section: Resultssupporting
confidence: 90%
“…Football is a complex and dynamic team sport (Garganta, 2009;Liu et al, 2015), which the performance of the teams blends interactions between psychological, physical, tactical/technical, match location (play at home or at the opponent's home) and financial aspects (Carling et al, 2008;Drust et al, 2007;Lima et al, 2017;Lima et al, 2021;Liu et al, 2015;Rocha-Lima et al, 2021a;Rocha-Lima et al, 2021b;Tertuliano et al, 2018;Yi et al, 2019).…”
Section: Introductionmentioning
confidence: 99%
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“…In sports, until the 1960s, it dominated the concept that the team belonged to the fans and that the sport could not be appropriated by the private groups (Machado, 2013). However, this vision was replaced by the vision of business management, in which sport should be a product, a way of raising revenue and, consequently, a profit for clubs and federations (Lima et al, 2018;Tertuliano et al, 2018). This was due to the globalization that the sport suffered, especially after the 1970s, when sports began to be seen as a spectacle sport, that is, an entertainment product transmitted by the media as a form of profit (Proni, 1998).…”
Section: The Expatriation Process -Organizational Needmentioning
confidence: 99%
“…As a result, companies are starting to take over clubs with the aim of linking their brand and making a profit, generating a new concept of business management within clubs (Lima et al, 2018;Tertuliano et al, 2018). One of the reasons that led to this was that multinational companies grew in stratospheric proportions and saw in sport a support to globalize their brands.…”
Section: The Expatriation Process -Organizational Needmentioning
confidence: 99%