2005
DOI: 10.1111/j.1468-0475.2005.00143.x
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Managerial Efficiency in German Top League Soccer: An Econometric Analysis of Club Performances On and Off the Pitch

Abstract: This study applies stochastic frontier analytic techniques in the estimation of sporting production functions. As ex-ante input factors, we use preseasonal estimates of wage bills of players and coaches that are transformed during the production process of a season into ex-post pecuniary revenues and sporting success. In the case of athletic output we find a robust pattern of technical efficiency over subsequent seasons. Estimates based on economic output, however, do not support an efficiency model. A signifi… Show more

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Cited by 45 publications
(28 citation statements)
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References 18 publications
(23 reference statements)
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“…The ordinary least squares (OLS) procedure that tests on the mean value will, therefore, not be able to capture the superstar phenomenon correctly (Lehmann & Schulze, 2005). The quantile regression approach, originally developed by Koenker and Bassett (1978), allows characterizing a particular point of the conditional (asymmetric) distribution. It minimizes an asymmetrically weighted sum of absolute errors, where the weights are functions of the quantile of interest.…”
Section: Resultsmentioning
confidence: 99%
“…The ordinary least squares (OLS) procedure that tests on the mean value will, therefore, not be able to capture the superstar phenomenon correctly (Lehmann & Schulze, 2005). The quantile regression approach, originally developed by Koenker and Bassett (1978), allows characterizing a particular point of the conditional (asymmetric) distribution. It minimizes an asymmetrically weighted sum of absolute errors, where the weights are functions of the quantile of interest.…”
Section: Resultsmentioning
confidence: 99%
“…Despite the widespread use of the production frontier approach to assess the efficiency of firms, there are no studies on ski lift operators (see Anderson et al, 1999;Barros, 2005;or Chen, 2007 for an efficiency analysis of the hotel industry; Bishop and Brand, 2003 for museums;Kerstens, 1996 for urban transit companies, or Kern and Su¨ssmuth, 2005 for an efficiency analysis of coaches in German football). The lack of technical efficiency studies can be largely attributed to the lack of data.…”
Section: Introductionmentioning
confidence: 98%
“…Sport is a labour-intensive industry, and human capital is, therefore, crucial for organisational outcomes (Lechner and Gudmundsson, 2012). Team sports, football (soccer) in particular, focus on individual abilities in the pursuit of a successful performance (Kern and Süssmuth, 2005;Carmichael et al, 2011;Tiedemann et al, 2011).…”
Section: Introductionmentioning
confidence: 99%