Detalle Publicación


Recruiting talent in a global sports market: appraisals of soccer players' transfer fees

Título de la revista: MANAGERIAL FINANCE
ISSN: 0307-4358
Volumen: 47
Número: 6
Páginas: 789 - 811
Fecha de publicación: 2021
Purpose The main goal of this paper is to evaluate the players' contribution and economic value in the soccer industry. Media visibility records provide us with comparable metrics to identify talent and make hiring decisions - these records can jointly capture sport (on-field) skills and other attractive (off-field) abilities. Design/methodology/approach This paper presents a valuation method that applies media visibility appraisals to estimate "theoretical values" of the transfer fees paid for hiring soccer players. The estimations are performed by analysing the evolution over time of the media exposure of about 5,000 individuals of more than 200 clubs. Findings The study's empirical results reveal that, along with sport performance, the players' media status also affects their economic valuation, which explains why the clubs - in search of greater economic returns - fiercely compete for the most popular players. The paper also identifies the main factors determining the players' economic value. In predicting the players' transfer fees, some variables are statistically significant: individual media visibility, media visibility share of the player within his team, contract duration, status of the hiring team, years of experience, player's age at the end of the contract and the domestic league of the hiring team. Originality/value Professional sports provide reliable measures on individuals' performance that may help in the hiring process of workers. This paper identifies gift