As most of you will be aware, the FIFA 2014 World Cup has begun in Brazil.
We thought it would be interesting to look at how the impact of major sporting events has been studied in the academic sphere, and found a few articles linking this major sporting event with the business world.
Here are a few articles we selected after performing a search using the multi-source searcher
–Business lessons from the soccer World Cup
By Pascual Berrone (2011)
Based on Spain’s achievement as soccer World Cup winner, the purpose of this paper is to draw lessons for business leaders.
Spain is experiencing for first time in its history the enjoyment of being the best soccer squad in the world. After the initial excitement of the soccer World Cup, it is useful to reflect on what are the elements that help explaining the championship of the Spanish team.
–Sports Sentiment and Stock Returns
by Alex Edmans, Diego GarcÍa and Øyvind Norli
This paper investigates the stock market reaction to sudden changes in investor mood. Using psychological evidence of a strong link between soccer outcomes and mood, the authors use international soccer results as a primary mood variable. They found a significant market decline after soccer losses. For example, a loss in the World Cup elimination stage leads to a next-day abnormal stock return of −49 basis points.
–Is Football an Indicator of Development at the International Level?
By Gásquez, Roberto; Royuela, Vicente.
The aim of this paper is to examine whether football can be considered an indicator of development at the international level. An empirical econometric model is designed in order to analyse development in terms of GDP per capita as well as in terms of the Human Development Index. Cross-sectional and time-series information are used. The results suggest that FIFA rankings of national teams can be used to complement our understanding of multidimensional development, in particular, in those countries where the availability of information is not as good as researchers would like.
–The performance of football club managers: skill or luck?
By Adrian Bell, Chris Brooks & Tom Markham
This paper develops a performance management tool and considers its application to the football industry. Specifically, the resulting model evaluates the extent to which the performance of English Premier League football club managers can be attributed to skill or luck when measured separately from the characteristics of the team.
–Let’s Get Messi? Top-Scorer Productivity in the European Champions League.
By Tim R. L. Fry, Guillaume Galanos & Alberto Posso.
Getting a player like Lionel Messi in the squad would seem like a dream come true for a professional football manager, but is it always best to have top-quality players? We study the determinants of top goal-scorers’ productivity in the UEFA Champions League.
– Ode to a “million dollar” question: does the future of football lie in the Middle East?
By Nnamdi O. Madichie, (2013)
This paper reflects on recent events in the global football landscape and their implications for the Middle East, especially in their ambitious aspiration to be the future destination of the sport.Even though the tiny Gulf state of Qatar has “controversially” won the hosting rights of the greatest football event in the world (i.e. FIFA 2022), the FIFA world ranking of the State puts it just within the top 100 global footballing nations (ranked no. 95 as at November 2011). Its sibling, the UAE, fares even worse. However both countries have made the most investments in the sport of football in recent years.
–Show Me the Money! Pay Structure and Individual Performance in Golden Teams.
By Edoardo Della Torre, Antonio Giangreco, Johan Maes,.
The authors analyse the unresolved relationship between pay structure and individual performance in organizational golden team settings, namely, groups of interdependent high-skilled, high-paid employees. They focus on individual (rather than collective) performance, considering both absolute and relative (within team-within role) pay structures, and investigating the moderating role of pay dispersion in the relationship between pay level and performance.