Financial distress in relegated football teams

This paper approaches the financial impact of relegation in the football industry and studies the talent shortage as an indirect cost of financial distress. Utilizing financial data of the English Premier League and transfer market data from 4 different leagues, a set of Regression Discontinuity des...

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Bibliographic Details
Main Author: Bastos, Carlos André Oliveira (author)
Format: masterThesis
Language:eng
Published: 2022
Subjects:
Football industry
Financial statement analysis
Financial distress
Regression discontinuity
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
Online Access:http://hdl.handle.net/10362/138153
Country:Portugal
Oai:oai:run.unl.pt:10362/138153
Description
Summary:This paper approaches the financial impact of relegation in the football industry and studies the talent shortage as an indirect cost of financial distress. Utilizing financial data of the English Premier League and transfer market data from 4 different leagues, a set of Regression Discontinuity designs are conducted to measure the impact of relegation in football clubs and concludes that there is a lower attractiveness of distressed companies in the football industry.

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