Is There a Differential Market Size Effect in U.S. Free Agent Signings? Evidence From Localized Sentiment Trading

2021 ◽  
pp. 152700252110071
Author(s):  
Aigbe Akhigbe ◽  
Melinda Newman ◽  
Ann Marie Whyte
Keyword(s):  
Size Effect ◽  
Professional Sports ◽  
Market Size ◽  
Free Agent ◽  
Market Effect ◽  
Small Market ◽  
Market Size Effect

We consider three professional sports and examine if there is a disparate return response to free agent signings with small versus big market franchises. After controlling for player ability, contract characteristics, and negotiation conditions, we find evidence of a more pronounced negative small market effect in response to both basketball and baseball signings, and a more pronounced negative big market effect in response to football signings. Our results suggest that differential market size sensitivities are complex, reflecting the influence of factors such as player ability and compensation in ways that are highly nuanced and unique to each league.

scholarly journals Reconsidering the Market Size Effect in Innovation and Growth

2019 ◽  
Author(s):  
Hélène Latzer ◽  
Kiminori Matsuyama ◽  
Mathieu Parenti
Keyword(s):  
Size Effect ◽  
Market Size ◽  
Market Size Effect

Revisiting the Twin-Hub Trade Pattern in East Asia

2019 ◽  
Vol 18 (1) ◽  
pp. 185-199 ◽  
Author(s):  
Chun-Chien Kuo ◽  
Deng-Shing Huang ◽  
Tzu-Han Yang
Keyword(s):  
East Asia ◽  
Value Chains ◽  
Market Size ◽  
Home Market ◽  
Automatic Data ◽  
Market Effect ◽  
Main Factors ◽  
Rising China ◽  
In The Beginning ◽  
Market Size Effect

Transport advantage, assembly hub under global value chains, technology advantage, and home-market effect are the four main factors contributing to the emergence of trade hubs in East Asia. Using a region-specific trade “hub-ness” measure, we examine the evolution of trade hubs in the East Asia. A China-Japan twin-hub pattern was found in the 1990s, but the twin hub began to divide in the beginning of the 21st century because of a rising China and declining Japan. We also show that ASEAN as an integrated region may lead to the emergence of another trade hub in East Asia, because of the enlarged ASEAN home-market-size effect, for the highly fragmented automatic data processing industry.

scholarly journals Beyond the Home Market Effect: Market Size and Specialization in a Multi-Country World

2010 ◽  
Author(s):  
Kristian Behrens ◽  
Andrea Roberto Lamorgese ◽  
Gianmarco I.P. Ottaviano ◽  
Takatoshi Tabuchi
Keyword(s):  
Market Size ◽  
Home Market ◽  
Home Market Effect ◽  
Market Effect

scholarly journals Revenue Sharing in Major League Baseball: The Moments That Meant so Much

2018 ◽  
Vol 6 (3) ◽  
pp. 71 ◽  
Author(s):  
Duane Rockerbie ◽  
Stephen Easton
Keyword(s):  
Major League Baseball ◽  
Professional Sports ◽  
Revenue Sharing ◽  
Higher Order ◽  
Risk Averse ◽  
Positive Effects ◽  
Small Market ◽  
Major League ◽  
Sports Leagues ◽  
Professional Sports Leagues

Revenue sharing is a common league policy in professional sports leagues. Several motivations for revenue sharing have been explored in the literature, including supporting small market teams, affecting league parity, suppressing player salaries, and improving team profitability. We investigate a different motivation. Risk-averse team owners, through their commissioner, are able to increase their utility by using revenue sharing to affect higher order moments of the revenue distribution. In particular, it may reduce the variance and kurtosis, as well as affecting the skewness of the league distribution of team local revenues. We first determine the extent to which revenue sharing affects these moments in theory, then we quantify the effects on utility for Major League Baseball over the period 2002–2013. Our results suggest that revenue sharing produced significant utility gains at little cost, which enhanced the positive effects noted by other studies.

scholarly journals Impacts of remittances on foreign direct investment in South East Asia - An empirical investigation

2020 ◽  
Vol 7 (2) ◽  
Author(s):  
Pham Dinh Long ◽  
Nguyen Van Duc
Keyword(s):  
Foreign Direct Investment ◽  
East Asia ◽  
Direct Investment ◽  
Empirical Investigation ◽  
Positive Impact ◽  
Market Size ◽  
South East Asia ◽  
Data Set ◽  
Small Market ◽  
Per Capita

This study investigates the effects of remittances on attracting foreign direct investment flows to South East Asia. Using a balanced panel data set for seven countries in the 2000-2013 period, we find that remittances have a direct positive impact on attracting FDI. Significantly, the result also shows a negative correlation between remittances and FDI attraction in countries with low per capita income and small market size.

scholarly journals Market size and foreign trade as determinants of national competitiveness sustainability

2020 ◽  
Vol 4 (2) ◽  
pp. 25-33
Author(s):  
Milica Jovanović ◽  
Aleksandar Đorđević
Keyword(s):  
Comparative Analysis ◽  
Foreign Trade ◽  
Foreign Market ◽  
The Other ◽  
Market Size ◽  
Manufacturing Companies ◽  
Large Market ◽  
National Competitiveness ◽  
National Market ◽  
Small Market

Market size in many ways determines the national competitiveness of an economy. If there is a large national market, it is a source of demand for manufacturing companies. There are cases where the national economy has a large market and a weak industry, e.g. Russia, while on the other hand, Switzerland, which has a small market size, compensates that with productivity and exports to other markets. Market size and foreign trade complement each other in influencing the sustainability of national competitiveness. If there is a large market and insufficient industry to meet the demand in that market, it is necessary to import the products and satisfy the needs of the domestic market. However, the small national market and the production of a large quantity of products that it cannot absorb requires export to other markets. The paper presents a comparative analysis of the competitiveness of Serbia and countries in the region, and their indices of market sizes, which include, but are not limited to, foreign market percentages and exports. Certainly, both determinants significantly affect national competitiveness and its sustainability.

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