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Article
Publication date: 18 October 2024

Pedro Garcia-del-Barrio and Giambattista Rossi

The paper aims to revisit the debate on the priorities of football clubs in talent hiring with respect to maximizing sporting performance or economic profitability. Based on the…

Abstract

Purpose

The paper aims to revisit the debate on the priorities of football clubs in talent hiring with respect to maximizing sporting performance or economic profitability. Based on the degree of media exposure of the clubs, we examine whether the clubs’ objectives include, in addition to the classic twofold choice, the aspiration of club managers to gain popularity through media exposure.

Design/methodology/approach

This paper applies structural equation modelling (path analysis) techniques to re-examine what is the more realistic description of football club owners’ decisions when hiring talent. Our database comprises teams from the first division of four top European football leagues: 80 observations per season during the pre-COVID period spanning from 2009/10 to 2017/18.

Findings

The results suggest that, when recruiting players, in addition to considering the two classic objectives (wins and profits), club owners also seem to aim expanding the media exposure and popularity of their clubs. Our study reveals that, to explain talent-hiring decisions in football, the ability to attract media attention is as crucial as sporting performance could be. Furthermore, by examining the direct, indirect and total effects on annual revenue, we found that our media visibility index performs a mediation effect connecting sports performance and revenue.

Originality/value

An innovative feature of our analysis is the use of the MERIT media visibility index, which jointly captures the on-field and off-field players’ skills. The consistency and robustness of the results derive from the various specifications of the estimated models.

Details

Managerial Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0307-4358

Keywords

Article
Publication date: 1 November 1913

IN the annual reports of many libraries in all parts of the country decreased issues are bewailed. True the decrease, in most cases, does not amount to much; but there it is, and…

Abstract

IN the annual reports of many libraries in all parts of the country decreased issues are bewailed. True the decrease, in most cases, does not amount to much; but there it is, and in each annual report it has to be explained. And the explanation in most general favour at the moment is the double‐barrelled one of “picture‐palaces” and “cheap editions.” Whether or not this explanation is correct does not concern us greatly. But we must protest against the attitude being taken in so many places, that a decrease of any kind necessarily must be an evil. The work of a library cannot really be shewn by the total at the foot of a column of figures.

Details

New Library World, vol. 16 no. 5
Type: Research Article
ISSN: 0307-4803

Article
Publication date: 5 October 2017

Laura Gabrielli and Valeria Farinelli

The historic assets are heterogeneous and different to each other, and for this reason, consolidated valuation methodologies do not exist in practice or in the literature. It is…

Abstract

Purpose

The historic assets are heterogeneous and different to each other, and for this reason, consolidated valuation methodologies do not exist in practice or in the literature. It is, therefore, necessary to dwell on the study of a particular historic building type or category. The assessment process of the valuers of Venetian Villas was explored, focusing on the study of the valuation function construction. The paper investigated if a possible value function, based on the partition of the characteristics, which significantly influence the value, exists and it is generalizable to the whole set of Venetian Villas. The purpose of this paper is to contribute knowledge on the economic valuation of Venetian Villas.

Design/methodology/approach

An application of Hedonic Pricing study to a database of 71 Venetian Villas has been tested. This statistical procedure allowed the authors to discover which results in a percentage of property values can be attributed to the historical characteristics of a building. Using a multiple linear regression and its variables an analysis of residuals and data relating to the variance has been performed.

Findings

This research identifies and proposes, therefore, a valuation approach that can be generalizable to the whole set of Venetian Villas (over 4,000 properties). The models show that the most important variables which influence the value of the villas are: age, internal and external area, maintenance conditions, and author. This model could be used for future valuations of the same type of asset.

Originality/value

The model enables valuers to address better to the property valuation of the Venetian Villas through the valuation functions, which suggest which are the main features which focus in the case of a Venetian Villa valuation and what impact they have on the value asset. The model can be specifically used for valuation reports in the enhancement project of such properties.

Details

Journal of Cultural Heritage Management and Sustainable Development, vol. 7 no. 4
Type: Research Article
ISSN: 2044-1266

Keywords

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