Exploring the Market of Soccer Player Registrations: An Empirical Analysis of the Difference Between Transfer Fees and Estimated Players’ Inherent Value

2021 ◽  
pp. 152700252110595
Author(s):  
Domenico Campa
Keyword(s):  
Empirical Analysis ◽  
Soccer Player ◽  
Inherent Value ◽  
The Difference ◽  
Transfer Fees

This paper examines the determinants of the difference between soccer player registration transfer fees and the estimated inherent value of transferred players. The results show that this difference increases for players competing in the same league as that of the acquiring team, players acquired during winter transfer windows, defender registrations, and in the presence of player registration swaps. It decreases for midfielder registrations and for registrations purchased the year immediately before the expiration of players’ contracts. Finally, the difference between registration transfer fees and estimated players’ inherent value increases up to when players are 28 years old and decreases afterwards.

Theoretical and empirical analysis of the supplier induced demand in health care market in China

2014 ◽  
Vol 4 (2) ◽  
pp. 207-220 ◽  
Author(s):  
Jun-Shan Li ◽  
Pei-Pei He ◽  
Rui-Bo He
Keyword(s):  
Health Care ◽  
Theoretical Model ◽  
Empirical Analysis ◽  
Health Care Expenditure ◽  
Integration Theory ◽  
Health Care Market ◽  
Content Type ◽  
Induced Demand ◽  
Economics Of Health ◽  
The Difference

Purpose – The purpose of this paper is to provide theoretical model about supplier-induced demand (SID) in health care market in China. Then, an empirical analysis will also be carried out according to the theoretical model above. At last, some advices will be provided in order to control or eliminate the SID in Chinese health care market. Design/methodology/approach – SID has in fact been one of the most contentious topics in the economics of health care. According to the SID theory in health economics, the theoretical model about SID in China has been provided, then, based on the co-integration theory, the empirical analysis has been brought out. Findings – The study tells that it is the reduction of government finance to hospital, not the increase of supply that is the long-term steady determinants of growth of health care expenditure and that the difference of marginal return to hospital among all kinds of services and medicines is the external factor. Originality/value – To provide theoretical model about SID in health care market in China is the main originality value.

scholarly journals Public Deficits in USMCA Economies During the COVID-19 Economic Crisis

2021 ◽  
Vol 16 (3) ◽  
pp. 1-21
Author(s):  
Juan Alberto Vázquez Muñoz ◽  
Nancy Ivonne Muller Durán ◽  
Josué Zavaleta González
Keyword(s):  
United States ◽  
Time Series ◽  
Fiscal Policy ◽  
Empirical Analysis ◽  
Economic Crisis ◽  
The United States ◽  
Fiscal Reform ◽  
Potential Output ◽  
The Difference ◽  
Economic Capacity

This paper aims to evaluate the fiscal policy implemented by the USMCA economies to deal with the COVID-19 economic crisis. We estimate the economic capacity (potential output) and the Cyclical Primary Balance as a percentage of GDP (CPB) of each of the scrutinized economies. Then we obtain the Cyclical Adjusted Primary Balance as a percentage of GDP (CAPB) as the difference between the Primary Balance (PB) and the CPB. Unlike previous CPB estimations, we obtain the potential output reference as the Economic Capacity methodology (Shaikh and Moudud, 2004), which overcome some alternative methodologies problems. According to our empirical analysis, an asymmetric fiscal policy stands across USMCA economies. Canada and the United States are using a countercyclical fiscal policy, while Mexico uses a procyclical one. Mexico should abandon its current fiscal policy, implement an alternative to support households and firms during crisis periods, and execute a progressive fiscal reform. Our paper's limitation is that we use PB and not its components to estimate the CPB; however, we use a more extended time series, contributing to obtaining more robust results.

scholarly journals Commitment Of Part-Time Students In Germany: An Empirical Analysis

2019 ◽  
Vol 35 (3) ◽  
pp. 75-82
Author(s):  
Christoph W. Busch ◽  
Serkan Akbay ◽  
Clemens Jäger
Keyword(s):  
Empirical Research ◽  
Empirical Analysis ◽  
Study Time ◽  
T Test ◽  
Component Model ◽  
Part Time Students ◽  
Part Time ◽  
Research Gap ◽  
The Difference ◽  
Three Components

The following empirical research investigated the difference of several form of commitment of part time students to their employer. Therefore, this study based on the three component model of Allen & Meyer (1990). Most of the previous empirical researches investigated the commitment of employees within an organization. The measurement of commitment of part time students to their employer is largely unexplored and build the research gap of the following empirical research. The objectives of the work are to present the previous scientific findings of the three components model of Allen & Meyer and to answer the question if and what extent the commitment of part time students in Germany changed during their study time.To test possible differences of commitment, the questionnaire with 24 items was used. 231 part-time students participated in the survey. In addition to the statistical basics, the differences of commitment were found by using a two sample t-test. A key finding of this research is that students at the end of their study time have a lower commitment to their employer as students at the begin of their study time.

scholarly journals Irish Lithuanian L1: Vocabulary Size and Signs of Its Attrition

2020 ◽  
pp. 116-132
Author(s):  
Eglė Vaisėtaitė
Keyword(s):  
Empirical Analysis ◽  
First Generation ◽  
Negative Impact ◽  
Mother Tongue ◽  
University Education ◽  
Vocabulary Size ◽  
Lower Education ◽  
The Difference ◽  
The Empirical Analysis ◽  
Insight Into

Sociolinguistic research shows that Lithuanians in the diaspora notice changes in their mother tongue, especially vocabulary. Therefore, there is a need to study L1 vocabulary attrition in the Lithuanian diaspora. Since one of the main directions of current emigration is Ireland, this article seeks to answer the question of whether the signs of vocabulary attrition can be observed in the language of the first generation of Lithuanian emigrants living in Ireland, and to provide some insight into what factors might influence this trend. This paper describes and analyzes the results of the vocabulary size test of 100 Lithuanians living in Ireland and the answers to the questions of a sociolinguistic survey. The survey involved adults who left Lithuania at the age of 12 or older and consider Lithuanian as their mother tongue. The data of the target group are compared with the data of Lithuanians living in Lithuania (LL) (100 respondents). The results of both groups are compared by applying the T test, and the influence of sociolinguistic factors on vocabulary is estimated by applying regression analysis.The results have revealed that the Irish Lithuanian (IL) vocabulary is smaller than that of Lithuanians living in Lithuania (in average 60,300 and 62,100 words, respectively), and this difference is statistically significant (p = 0.048). The empirical analysis has revealed that education does not affect the size of the IL vocabulary but is significant for the LL vocabulary. The difference in vocabulary size between the IL and LL groups is mainly due to the results of those with higher university education, while the results of those with lower education are very similar in the two groups. However, the IL vocabulary positively correlates with the age of the respondents at the time of the survey (p = 0.01) and the age at the time of emigration (p = 0.006). Thus, it can be assumed that the IL vocabulary continued growing while the respondents were still living in Lithuania, but after emigration their L1 vocabulary stopped increasing. Lack of communication in Lithuanian with people in Lithuania has a negative impact on the respondents’ L1 vocabulary. Considering these results, it can be argued that there are signs of vocabulary attrition in Irish Lithuanian L1.

scholarly journals Stock Returns And Disagreement Among Sell-Side Analysts

2018 ◽  
Vol 34 (3) ◽  
pp. 487-496
Author(s):  
Jeffrey Hobbs ◽  
David L. Kaufman ◽  
Hei-Wai Lee ◽  
Vivek Singh
Keyword(s):  
Asymmetric Information ◽  
Stock Returns ◽  
Empirical Analysis ◽  
Stock Prices ◽  
Difference Of Opinion ◽  
Investor Optimism ◽  
The Difference ◽  
Opposing Effects

Asymmetric information, investor optimism, and unbiased prices hypotheses are the main hypotheses proposed for explaining how investors’ difference of opinion may impact stock returns. We use a new measure for divergence in investor beliefs among sell-side analysts to test these three hypotheses.  Our initial findings are not supportive of either the asymmetric information or the investor optimism hypotheses.  However, since these two hypotheses predict opposing effects of divergence in opinion on stock returns, the effects could neutralize their respective impacts on stock prices.  Our further empirical analysis though suggests that this is not the case.  The weight of the evidence presented suggests thatwithin the sell-side, the difference of opinion does not impose a bias on future stock returns.

scholarly journals What drives the value of football clubs: An approach based on private and socio-emotional benefits

2016 ◽  
Vol 14 (1) ◽  
pp. 673-683 ◽  
Author(s):  
Riccardo Tiscini ◽  
Alberto Dello Strologo
Keyword(s):  
Empirical Analysis ◽  
Market Value ◽  
Theoretical Explanation ◽  
Private Benefits ◽  
Business Valuation ◽  
Book Value ◽  
Private Benefits Of Control ◽  
Operating Profit ◽  
Football Clubs ◽  
The Difference

The present paper shows how, in the soccer clubs sector, where the average financial results are negative, the value of football clubs is not related to income, but to sales turnover and gives a theoretical explanation for that. The literature has shown that the profitability of the industry is generally negative already at the level of operating profit. However, the difference between market value and book value is broadly positive, showing that the market recognizes to these companies a quid pluris in terms of value, not explained by the most rational and generally accepted methods of business valuation. The present study aims to explain, through an empirical analysis, why the value of a football company can not be estimated only on the basis of expected financial results, but it requires considering the overall benefits for shareholders, represented also by private benefits of control and socio-emotional benefits.

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