The Determinants of Brazilian Football Clubs’ Debt Ratios
This paper explores the relationship between the debt ratio of Brazilian football clubs and several potential determinants, both financial and sports-related. Our explanatory variables are Current Ratio, Return on Assets, Score Percentage, Size, 12 Biggest Clubs, Access (to specific championships,...
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| Format: | Article |
| Language: | English |
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FUCAPE Business School
2017-01-01
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| Series: | BBR: Brazilian Business Review |
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| Online Access: | http://www.redalyc.org/articulo.oa?id=123054178004 |
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| author | Marke Geisy da Silva Dantas Raimundo Marciano de Freitas Neto Maria Alice Alves da Costa Alexandro Barbosa |
| author_facet | Marke Geisy da Silva Dantas Raimundo Marciano de Freitas Neto Maria Alice Alves da Costa Alexandro Barbosa |
| author_sort | Marke Geisy da Silva Dantas |
| collection | DOAJ |
| description | This paper explores the relationship between the debt ratio of Brazilian football clubs and several potential determinants, both financial and sports-related. Our explanatory variables are Current Ratio, Return on Assets, Score Percentage, Size, 12 Biggest Clubs, Access (to specific championships, e.g. Libertadores da América ), Division, Title (won at time t ) and Relegated (at time t ). Data was collected from several publicly available channels and our sample was mostly decided according to this availability. The time range adopted was 2010-2013. The model employed was Generalized Estimating Equation. Our results suggest that debt ratios are more associated with their popularity or their participation in the highest division of its main championship rather than titles held, access to different competitions or relegation to lower levels. We believe that our findings may be useful for both practitioners, who might know the impact of their sports-related choices in their clubs’ debts, and policymakers, that could prepare differentiated policies for specific groups (e.g divisions). |
| format | Article |
| id | doaj-art-1cfb72caca2e40588d9e62ca320803c1 |
| institution | Kabale University |
| issn | 1807-734X |
| language | English |
| publishDate | 2017-01-01 |
| publisher | FUCAPE Business School |
| record_format | Article |
| series | BBR: Brazilian Business Review |
| spelling | doaj-art-1cfb72caca2e40588d9e62ca320803c12025-02-06T23:39:31ZengFUCAPE Business SchoolBBR: Brazilian Business Review1807-734X2017-01-011494109The Determinants of Brazilian Football Clubs’ Debt RatiosMarke Geisy da Silva DantasRaimundo Marciano de Freitas NetoMaria Alice Alves da CostaAlexandro BarbosaThis paper explores the relationship between the debt ratio of Brazilian football clubs and several potential determinants, both financial and sports-related. Our explanatory variables are Current Ratio, Return on Assets, Score Percentage, Size, 12 Biggest Clubs, Access (to specific championships, e.g. Libertadores da América ), Division, Title (won at time t ) and Relegated (at time t ). Data was collected from several publicly available channels and our sample was mostly decided according to this availability. The time range adopted was 2010-2013. The model employed was Generalized Estimating Equation. Our results suggest that debt ratios are more associated with their popularity or their participation in the highest division of its main championship rather than titles held, access to different competitions or relegation to lower levels. We believe that our findings may be useful for both practitioners, who might know the impact of their sports-related choices in their clubs’ debts, and policymakers, that could prepare differentiated policies for specific groups (e.g divisions).http://www.redalyc.org/articulo.oa?id=123054178004football clubsdeterminantsdebt ratioprofitabilityfirst division |
| spellingShingle | Marke Geisy da Silva Dantas Raimundo Marciano de Freitas Neto Maria Alice Alves da Costa Alexandro Barbosa The Determinants of Brazilian Football Clubs’ Debt Ratios BBR: Brazilian Business Review football clubs determinants debt ratio profitability first division |
| title | The Determinants of Brazilian Football Clubs’ Debt Ratios |
| title_full | The Determinants of Brazilian Football Clubs’ Debt Ratios |
| title_fullStr | The Determinants of Brazilian Football Clubs’ Debt Ratios |
| title_full_unstemmed | The Determinants of Brazilian Football Clubs’ Debt Ratios |
| title_short | The Determinants of Brazilian Football Clubs’ Debt Ratios |
| title_sort | determinants of brazilian football clubs debt ratios |
| topic | football clubs determinants debt ratio profitability first division |
| url | http://www.redalyc.org/articulo.oa?id=123054178004 |
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