Data di Pubblicazione:
2017
Citazione:
Rossignoli, D., Caruso, R., Domizio, M. D. D., Aggregate wages of players and performance in Italian Serie A, <>, 2017; 34 (1): 515-531. [doi:10.1007/s40888-017-0062-6] [http://hdl.handle.net/10807/97976]
Abstract:
This paper investigates the relationship between players’ wages and sport performance in the Italian top professional football league - Serie A. The analysis focuses on 14 seasons from 2001/2002 to 2014/2015. Findings show that aggregate wage expenditure is a robust predictor of success for Italian professional football teams. We first exploited a fixed-effects panel data and eventually we addressed the problem of endogeneity by providing a dynamic IV specification of the model. Based on the System-GMM framework, we employed a model including lagged terms of dependent variables and covariates as instruments to control for endogeneity as well as alternative exogenous instruments to control for geographical/environmental factors and socio-economic factors that could be the actual predictors of performance through an indirect effect on payroll.
Tipologia CRIS:
Articolo in rivista, Nota a sentenza
Keywords:
Italian Serie A; football; talent; wages; sport performance
Elenco autori:
Rossignoli, Domenico; Caruso, Raul; Domizio, Marco Di Domizio
Link alla scheda completa:
Pubblicato in: