Potential equity and efficiency effects: Potential equity and efficiency effects


Download 445 b.
Sana13.01.2018
Hajmi445 b.











Potential equity and efficiency effects:



It is useful to give economic valuation of players, independently from having been trasfered or not

  • It is useful to give economic valuation of players, independently from having been trasfered or not

  • Economic valuation models of players is needed.



2. Valuation models

  • 2. Valuation models

  • Explaining market value by relevant sport performance variables:

  • Transfer fees. Dobson and Gerrard (1999)

  • Transfer fees. Castillo (2006)

  • Salaries. Rossi (2008)

  • Market value. Method (?) Transfermarkt.de

  • Delphi method. Nasser (2007)

  • Explaing market vale by media value



  • We propose to explain footballer market value by media value

  • ¿What is media value?



3. Media value: popularity + notoriety

  • 3. Media value: popularity + notoriety





4. Explaining market value by media value. The model

  • 4. Explaining market value by media value. The model

  • 1. If media value captures sport performance and explains players and teams income …

  • 2. Let’s try to explain football player’s market value relying just on media value measures …

  • 3. Disregarding any kind of direct measure of sport performance



Explaining a player’s market value by:

  • Explaining a player’s market value by:

  • Football player’s media value

  • Buying team media value

  • Selling team media value

  • Media value rank of the player in his precedent team

  • Age

  • Position in the pitch, nationality



5. Explaining market value by media value. Empirical results

  • 5. Explaining market value by media value. Empirical results

  • A set of 84 deals produced in season 2006/07 in Europe for whom we have information about actual transfer fees paid.





Results

  • Results

  • Adjusted R2: 0.735.

  • An increase of 1% of player’s media value leads to an increase of 0.5% of player’s market value.

  • The higher the media value of the buying team, the higher the premium to be paid.

  • The higher the media value of the selling team, the lower the fee received.

  • Inverted U-shape for the relationship between age and market value.

  • A premium according to the MV rank in the previous team

  • Position in the pitch does not have extra impact (already discounted in different media value)





Differences between actual and theoretical market value

  • Differences between actual and theoretical market value

  • Some examples



Differences between actual and theoretical market value

  • Differences between actual and theoretical market value

  • Some examples



Differences between actual and theoretical market value

  • Differences between actual and theoretical market value

  • Some examples



Using the coefficients as method to estimate football players’ fair market value

  • Using the coefficients as method to estimate football players’ fair market value

  • Some examples: reviewing FC Barcelona intangible assets.



Using the coefficients as method to estimate football players’ fair market value

  • Using the coefficients as method to estimate football players’ fair market value

  • Some examples: reviewing FC Barcelona intangible assets.



Using the coefficients as method to estimate football players’ fair market value

  • Using the coefficients as method to estimate football players’ fair market value

  • Some examples: evaluation of the transfer season Winter 2007/08 window).



6. Checks of robustness: explaining the differences between actual and theoretical transfer fees

  • 6. Checks of robustness: explaining the differences between actual and theoretical transfer fees

  • H1: Bargaining effects

  • H2: Estimations effects



Revision of 14 FIFA Agents’s estimations when having ESI-rg estimations.

  • Revision of 14 FIFA Agents’s estimations when having ESI-rg estimations.



Revision of 14 FIFA Agents’s estimations when having ESI-rg estimations.

  • Revision of 14 FIFA Agents’s estimations when having ESI-rg estimations.



Free Transfer Deals: correlations between different approaches

  • Free Transfer Deals: correlations between different approaches



Media value explained by sport performance

  • Media value explained by sport performance



Media value explained by sport performance

  • Media value explained by sport performance



Media value explaining income

  • Media value explaining income



Media value explaining income

  • Media value explaining income



Media value explaining income

  • Media value explaining income




Do'stlaringiz bilan baham:


Ma'lumotlar bazasi mualliflik huquqi bilan himoyalangan ©fayllar.org 2017
ma'muriyatiga murojaat qiling