Intellectual capital and market valuation of footballers
Football clubs are traditional institutions with the particularity of having the main characters of their successes as intangible assets, that is, their players. The aim of this work is to analyse the determinants of the market values using intellectual and structural capital indicators as exp...
| Main Authors: | , |
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| Format: | Article |
| Language: | Spanish |
| Published: |
Pontificia Universidad Católica del Perú
2023-12-01
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| Series: | Contabilidad y Negocios: Revista del Departamento Académico de Ciencias Administrativas |
| Subjects: | |
| Online Access: | https://revistas.pucp.edu.pe/index.php/contabilidadyNegocios/article/view/27125 |
| _version_ | 1827573123523805184 |
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| author | Paulo Aguiar do Monte Leonardo Luiz Lopes Filho |
| author_facet | Paulo Aguiar do Monte Leonardo Luiz Lopes Filho |
| author_sort | Paulo Aguiar do Monte |
| collection | DOAJ |
| description |
Football clubs are traditional institutions with the particularity of having the main characters of their successes as intangible assets, that is, their players. The aim of this work is to analyse the determinants of the market values using intellectual and structural capital indicators as explanatory variables. Descriptive statistics and panel data model estimates were used in the analyses to control the footballers’ fixed effects, the club's fixed effects and the effects of player-year and club-year interactions. Results confirmed that footballers’ market value is determined by a set of variables that can be explained by components of human capital (one’s skills), structural capital (infrastructure that supports human capital). Understanding the players’ pricing can help both clubs and players to improve their management and increase the possibility of financial success.
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| first_indexed | 2024-03-08T20:13:48Z |
| format | Article |
| id | doaj.art-2552f32786734d27844e63734480b260 |
| institution | Directory Open Access Journal |
| issn | 1992-1896 2221-724X |
| language | Spanish |
| last_indexed | 2024-03-08T20:13:48Z |
| publishDate | 2023-12-01 |
| publisher | Pontificia Universidad Católica del Perú |
| record_format | Article |
| series | Contabilidad y Negocios: Revista del Departamento Académico de Ciencias Administrativas |
| spelling | doaj.art-2552f32786734d27844e63734480b2602023-12-22T19:34:25ZspaPontificia Universidad Católica del PerúContabilidad y Negocios: Revista del Departamento Académico de Ciencias Administrativas1992-18962221-724X2023-12-011836Intellectual capital and market valuation of footballersPaulo Aguiar do Monte0Leonardo Luiz Lopes Filho1Universidade Federal da Paraíba - UFPBUniversidade Federal da Paraíba - UFPB Football clubs are traditional institutions with the particularity of having the main characters of their successes as intangible assets, that is, their players. The aim of this work is to analyse the determinants of the market values using intellectual and structural capital indicators as explanatory variables. Descriptive statistics and panel data model estimates were used in the analyses to control the footballers’ fixed effects, the club's fixed effects and the effects of player-year and club-year interactions. Results confirmed that footballers’ market value is determined by a set of variables that can be explained by components of human capital (one’s skills), structural capital (infrastructure that supports human capital). Understanding the players’ pricing can help both clubs and players to improve their management and increase the possibility of financial success. https://revistas.pucp.edu.pe/index.php/contabilidadyNegocios/article/view/27125Intangible assetsHuman capitalStructural capitalFootball |
| spellingShingle | Paulo Aguiar do Monte Leonardo Luiz Lopes Filho Intellectual capital and market valuation of footballers Contabilidad y Negocios: Revista del Departamento Académico de Ciencias Administrativas Intangible assets Human capital Structural capital Football |
| title | Intellectual capital and market valuation of footballers |
| title_full | Intellectual capital and market valuation of footballers |
| title_fullStr | Intellectual capital and market valuation of footballers |
| title_full_unstemmed | Intellectual capital and market valuation of footballers |
| title_short | Intellectual capital and market valuation of footballers |
| title_sort | intellectual capital and market valuation of footballers |
| topic | Intangible assets Human capital Structural capital Football |
| url | https://revistas.pucp.edu.pe/index.php/contabilidadyNegocios/article/view/27125 |
| work_keys_str_mv | AT pauloaguiardomonte intellectualcapitalandmarketvaluationoffootballers AT leonardoluizlopesfilho intellectualcapitalandmarketvaluationoffootballers |