What Drives European Football Clubs’ Stock Returns and Volatility?

Gimet, Céline; Montchaud, Sandra

doi:10.1080/13571516.2016.1204686

Cited by 22 publications

(27 citation statements)

References 118 publications

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“…As football clubs are increasingly interested in diversifying their income sources (cf., Schmidt & Holzmayer, 2018), some clubs might also benefit from auxiliary revenues generated through, for example, hotel stays, museum visits, and stadium tour bookings if attendance demand increases. Therefore, it is not surprising that information on stadium attendance demand is considered an approximation for a sporting club's reputation by investors, thus influencing the club's stock market price (e.g., Gimet & Montchaud, 2016).…”

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confidence: 99%

Stadium Attendance Demand Research: A Scoping Review

Schreyer

Ansari²

2021

Journal of Sports Economics

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Because maximizing stadium attendance demand is of utmost importance, for both sports economists and sport management researchers, understanding the potential determinants of such demand better has become a priority in the last decades. Here, conducting a systematic scoping review, we map this previous research in terms of its characteristics, its nature, and its volume, thus offering a concise perspective on what has been previously explored, and, more importantly, what remains to be analyzed in the future. Intriguingly, we observe a lack of studies exploring data generated in both niche and women’s sports, as well as in most emerging markets. Further, the field has not yet established the use of disaggregated stadium attendance data, despite notable potential methodological pitfalls.

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confidence: 99%

Stadium Attendance Demand Research: A Scoping Review

Schreyer

Ansari²

2021

Journal of Sports Economics

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“…Based on the general consensus of past studies (Iba and Aranha, 2012;Morris, 2013;Omondi-Ochieng, 2018c;Pickens, 1986;Raughley and Lloyd, 1999;Wong and Venkatraman, 2015), the aim of FTA is often to: examine the financial health of the organization; make projections for strategic financial planning; predict future production of goods and services; compare and contrast past and present revenues, costs and investments; dissect failure analysis as an early warning indicator of anticipated, unexpected and/or impending financial problems especially when combined or supplemented with targeted financial ratios; and forecast sales growth and interest rates among others. Barajas et al, 2017;Ecer and Boyukaslan, 2014;Dimitropoulos, 2010;Dimitropoulos and Limperopoulos, 2014;Gimet and Montchaud, 2016;Sakinc, 2014;Plumley et al, 2017;Pradhan et al, 2017;Rey and Santelli, 2017;Omondi-Ochieng, 2018a, 2018b2018c. (c) Return on assets ¼…”

Section: Financial Trend Analysismentioning

confidence: 99%

Financial performance trends of United States Hockey Inc: a resource-dependency approach

Omondi-Ochieng

2019

JEFAS

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Purpose -The purpose of this paper is to examine the 2009 to 2016 financial performance of the US Hockey Inc., using financial effectiveness indicators and financial efficiency ratios.Design/methodology/approach -With the assistance of financial trend analysis, archival data were used to examine the financial performance (evaluated by net income), financial effectiveness (indicated by total assets and total revenues) and financial efficiency (examined by programme services ratios and return on assets) of US Hockey Inc.Findings -On average, the financial performance of the organization was positive ($30,895 net income per year). Financial effectiveness was steady with increases in assets and revenues. Financial efficiency was poor with 79% of revenues spent on programme services and 1.45% average return on asset.Research limitations/implications -The results can be generalized to similar national non-profit sports federations but not corporate sports entities with dissimilar financial goals.Practical implications -The results revealed that national non-profit sports federations can boost their financial performance by maintaining a double strategically focus on both financial effectiveness and financial efficiency.Originality/value -The study used both financial effectiveness and financial efficiency measures to evaluate the financial performances of a national non-profit sports federationa neglected approach similar studies.

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“…The authors suggested that the share price of football clubs depends on the previous season's domestic results and the current season's international performance. Gimet and Montchaud (2016) performed a more complex study on a sample of 24 football clubs from Europe, from mixed leagues, and found that stock returns are influenced mainly by economic determinants such as profitability, stadium attendance and TV revenue (reputation), while the volatility of the stocks is mainly influenced by market-wide effects, and just in a small measure by internal factors such as game results, net transfers and other sporting events. The authors highlighted the fact that investors tend to dump these illiquid assets in periods of financial turmoil and turn their attention towards more liquid assets.…”

Section: Literature Reviewmentioning

confidence: 99%

Football and Stock Market Performance Correlation: Evidence From Italy

Boțoc

Mihancea

Molcuţ

2019

SAEB

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The increasing growth of soccer economy is delivering new challenges for prospective investors in terms of stock price volatility. Such challenges are rooted in behavioral finance and efficient market hypotheses. Given this, the aim of our paper is to test the link between sport performance and correspondent stock price for the Italian listed football clubs (Juventus, Lazio, AS Roma). Our results suggest that soccer wins are likely to have a positive impact over stock price. This impact is more pronounced for local stocks and thus the findings have policy implications for emotional investors.

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What Drives European Football Clubs’ Stock Returns and Volatility?

Cited by 22 publications

References 118 publications

Stadium Attendance Demand Research: A Scoping Review

Stadium Attendance Demand Research: A Scoping Review

Financial performance trends of United States Hockey Inc: a resource-dependency approach

Football and Stock Market Performance Correlation: Evidence From Italy

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