This study examines the extent to which market size disparity across franchises - measured as the coefficient of variation of MSA populations - moderates the effectiveness of competitive balance interventions (CBIs) in Major League Baseball (MLB), the National Football League (NFL), the National...

Expected goals (xG) are widely used to evaluate football performance. However, it is unclear whether players who consistently outperform their xG do so because of skill or because of luck. To our knowledge, this paper provides the first meta-analytic estimate of between-player heterogeneity in...

Football referees possess substantial discretion in allocating stoppage time, a decision that is comparatively opaque yet potentially consequential for match outcomes. This paper examines whether stoppage time allocation contributes to home advantage in contemporary European professional...

The objective of this study is to examine the interrelation between competitive human capital (CHC) and a professional football club's (PFC) sports performance (SP) and business performance (BP). The research methodology is based on a seemingly unrelated regressions (SUR) model with panel data....

This paper introduces fairer measures of individual pitcher performance in baseball using the Shapley Value from coalitional game theory. The paper's key conceptual innovation is a novel two-stage procedure for constructing the coalitionary game value functions for runs allowed and outs recorded...

This study examines eight seasons of professional football matches in the English Premier League, German Bundesliga, Italian Serie A, and Spanish La Liga. The focus is on the existence of non-transitive triads in match outcomes in terms of points, the quality of performance as indicated by...

The European football (soccer) market increasingly funnels rents to superstar players and intermediaries while weakening competitive balance. We trace this dynamic to two forces: (a) technological innovation that globalized broadcasting and magnified superstar returns, and (b) legal rulings...

Team production is increasingly important for economic outcomes, yet the factors driving team performance remain poorly understood. This paper examines the influence of psychological factors on team performance using data from the top divisions of the five major European football leagues, with a...

The importance of financial literacy for professional athletes is undeniable. This study aimed to build on previous research by identifying the financial literacy content areas that require the highest level of competence for professional athletes competing in team sports. To address this, 12...

This paper analyzes the inequalities and convergence across countries using data on the top 100 players in chess and tennis. We explore the impact of time trends and exogenous global shocks on countries' representation in the top 100 players' lists in a manner akin to a natural experiment,...

Purpose This study analyzes the impact of sports social media on a country regarding three international events connected to the brand Spain. It examines (1) the use and importance of various social media platforms in sports events and (2) identifies the countries generating the most social...

While sports betting markets share similarities with traditional financial markets, they are more accessible for empirical research thanks to availability of high-quality data, straightforward betting procedures, and the finite duration of events. As a result, they are often analyzed for market...

Team performance depends not only on the individual abilities of its members and cooperation between them but also on psychological factors such as confidence, rivalry, and perceived pressure. In a regular work environment, it is challenging to isolate the contribution of psychological factors....

This study explores market value depreciation among soccer players across the top five European leagues, addressing a critical gap in the sports finance literature by focusing on post-prime valuation dynamics. Leveraging a dataset from the 2023/2024 season, player market values and attributes...

We study the objectivity of officiating under extreme pressure by analysing additional time played at the 2022 FIFA World Cup and 2024 UEFA European Championship. Controlling for within-match events, rules should be applied consistently across both halves of a football match. However, we argue...

Decisions informed by past events can be distorted when outcomes partially determined by chance are misinterpreted as purely skill-based. This can lead to outcome bias, where decisions are evaluated based on results rather than the quality of the performance that produced them. Outcome bias is...

Expectations about future events can be influenced by prior outcomes of similar events, even when those outcomes were partly determined by chance. When such randomness is overlooked in decision-making, outcome bias may arise. This paper investigates the presence of outcome bias in consumer...

Sleep deprivation imposes significant public health and economic burdens. While researchers studying events like daylight saving time have quantified the impacts of population-wide sleep shifts, less is known about the consequences of acute, voluntary, and recreation-driven sleep loss. This...

One of the beautiful things about football is that it brings people from all over the world together to share their love of the game. The aim of this paper is to examine the effect of football on happiness using the number of points a country has in FIFA. To achieve this, we specify and estimate...

We propose a fundamental valuation model for sports clubs and stadia using discounted (adjusted) revenues. We argue that a sports club is a "quasi firm" that aims to balance budgets, achieve an efficient allocation of financial resources, and maximize revenues. Under this objective the sports...

We examine salary disparity and team performance using data from 11 seasons of the Indian Premier League (IPL) between 2008 and 2019. Research on corporate pay structures and professional team sports organisations has examined salary disparity and its ramifications, but the case of cricket is...

We examine the role that racial discrimination plays in the decision to retain or release an employee. Our empirical setting allows us to separate the retention decision from the wage decision. For the first four years of a player's career, wages are mechanically determined and players are under...

In this paper, we estimate a translog production function for Major League Baseball (MLB) teams that uses factor inputs for hitting, pitching and defence over the 1960-2024 MLB seasons. The computed elasticities of substitution suggest that hitting and pitching are used in fixed proportions,...

Our study aims to identify the effects of the fulfilment of sport consumption motives on the components of fan commitment and their effects on loyal fan behaviour. Utilising a sample of 707 business psychology students, we measured the fulfilment of sport consumption motives, fan commitment and...