Does the Agency Theory play football?

  1. Luis Carlos Sánchez
  2. Ángel Barajas
  3. Patricio Sánchez- Fernández
Journal:
Universia Business Review

ISSN: 1698-5117

Year of publication: 2017

Issue: 53

Pages: 18-59

Type: Article

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Abstract

This paper aims to analyze how ownership influences the performance of European football teams. The study of efficiency allows us to identify relative performance in the achievement of several objectives, as is the case of football teams pursuing both financial performance and sports success. The analysis shows that football teams organized as members clubs, with dispersed ownership and uncontrolled by foreign investors perform better. Thus, property structures facilitating less control over managers relate positively to performance

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We thank the anonymus reviewers for their detailed and rich comments that greatly improved the manuscript.We also appreciate the work done by the two editors that have handle this paper. he authors. Angel Barajas thanks the financial support from the National Research University Higher School of Economics? Basic Research Program.

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