Abstract
This research analyzes sporting efficiency in the soccer market based on the influence of competition formats on sporting success. We take as a reference three different systems of competition, such as the “domestic leagues” of the four major European leagues, a cup system with direct confrontation such as the “Spanish Cup” in Spain and the “Champions League” as a mixed system of competition. The study is carried out across the 2016-2020 seasons, using the database on the website www.transfermarket.com with study variables “squad valuation” and “final classification”. The results indicate the uncertainty in sporting success in short-term competitions and that investing in having the best players in this type of competition does not ensure sporting success. On the other hand, we observe how it is efficient to invest in having better players for competitions with a longer league format due to the high correlation with sporting success. We also define whether there is market efficiency and inefficiency in each type of competition, according to the concentration or dispersion of the statistical results obtained. We consider if the Super League could be efficient for the football market.
Presenters
Daniel Megia CayuelaAssistant Teacher, Economics Theory and History, Malaga University, Málaga, Spain
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
Sports Management & Commercialization
KEYWORDS
Competitve Balance,Football Score Forescast,Football Squad Valoration
