scholarly journals Analysis of the efficiency of financial and economic activities of russian football clubs

2021 ◽  
pp. 85-92
Author(s):  
A. A. Aliev ◽  
O. V. Litvishko ◽  
A. I. Yusifova ◽  
A. A. Fateeva
Keyword(s):  
Customer Orientation ◽  
Professional Sports ◽  
Innovation Activity ◽  
Capital Investments ◽  
Economic Activities ◽  
Performance Factors ◽  
Sports Industry ◽  
Football Clubs ◽  
Qualified Personnel ◽  
High Degree

Attracting financing and a stable inflow of capital investments for development is one of the most important issues in the framework of a market economy for any sphere, including the professional sports industry. The inflow of sufficient funding depends to a high degree on the investment attractiveness of the object. In addressing these issues, an essential role is played by the assessment of the effectiveness of financial and economic activities, which affects the amount of funds raised from both budgetary and extra-budgetary sources. The identification of the most important performance factors will allow us to direct efforts to maintain their favorable condition, which is the key to the stable development of the sports industry. The conducted analysis showed that with a competent approach, in particular in the issues of popularization of the sport, the league and club brand, customer orientation and the use of the product exclusivity factor, qualified personnel, as well as investment and innovation activity, including in the issue of training sports personnel, the professional sports industry can be considered as an effective investment and advertising tool that can generate income both in monetary form and in the form of image and socially significant effect.

scholarly journals EFFICIENT BUSINESS MODEL AS A BASIS FOR THE GROWTH OF THE INVESTMENT COST OF A PROFESSIONAL SPORTS CLUB

2019 ◽  
pp. 159-166 ◽  
Author(s):  
O. V. Litvishko ◽  
O. M. Golikova
Keyword(s):  
Business Model ◽  
Professional Sports ◽  
Cash Flows ◽  
Sports Clubs ◽  
Sports Industry ◽  
Financial Condition ◽  
Sports Club ◽  
Football Clubs ◽  
European Football ◽  
Football Industry

The precarious financial condition of sports clubs, combined with negative cash flows and permanent losses, can be the cause of the further collapse of the entire football industry. This is largely due to the European model of the implementation of sports activities, when in the pursuit of a sports result, the basic principles of building a business and financial efficiency go to the background. The article has been devoted to the search questions of an effective business model for the further development of the professional sports industry, taking into account the modern requirements of a market economy. The arguments, that the financial rules, introduced by Union of European Football Associations, will make football clubs profitable projects attractive to investors, are given in the article.

scholarly journals Analysis of the financing activities of European football leagues

2021 ◽  
Vol 189 (5-6(1)) ◽  
pp. 46-56
Author(s):  
Oleg Litvishko ◽  
◽  
Ayaz Aliev ◽  
Roman Veynberg ◽  
Olga Kokoulina ◽  
...  
Keyword(s):  
Financial Management ◽  
Professional Sports ◽  
Social Significance ◽  
Economic Activities ◽  
Sports Industry ◽  
Sports Organizations ◽  
Promising Tool ◽  
Cost Growth ◽  
European Football ◽  
Stable Growth

In a market economy, effective financial management is one of the most important aspects of the functioning of any company, which plays a connecting role between various areas of its activities and determines the company’s position on the market, its competitiveness, prospects for sustainable development and cost growth. In this context, the assessment of the economic efficiency of sports organizations is also relevant, due to the high social significance of the sports industry and its huge popularity among the population. The study selected leagues that use different approaches to the formation and distribution of financial resources in their activities. Thus, the subject of this research is the existing mechanisms for financing the activities of sports subjects. The comparative report of UEFA on club licensing for pre-COVID-19 period was used as an analytical basis for the study. The results obtained during the study showed that with an effective approach to the process of managing financial and economic activities, the professional sports industry can be considered as a promising tool that can generate a significant material and non-material effect on various spheres of public activity, which affects the dynamic economic growth of the industry, as evidenced, in particular, by the performance index of the football leagues of Europe calculated in the work, showing the stable growth of the industry in the pre-COVID-19 period.

scholarly journals COVID-19 Pandemic and Micro, Small and Medium Enterprises (MSMEs): Policy Response for Revival

2020 ◽  
Vol 47 (3) ◽  
pp. 213-228
Author(s):  
Minaketan Behera ◽  
Sanghamitra Mishra ◽  
Niharika Mohapatra ◽  
Alok Ranjan Behera
Keyword(s):  
Small And Medium Enterprises ◽  
Economic Activities ◽  
Fiscal Stimulus ◽  
Indian Economy ◽  
Long Run ◽  
Market Linkage ◽  
The Government ◽  
Medium Enterprises ◽  
High Degree ◽  
The Relationship

The outburst of COVID-19 has not only distressed the economic and social activities of Indian economy but also the world economy as a whole. Out of different economic activities, the micro, small and medium Enterprises (MSMEs) affected a lot. This article attempts to measure the contribution of MSMEs towards Indian economy and also attempts to find out the challenges and problems in pre- and during COVID period. We have used different descriptive statistics to measure the impacts of MSMEs and also use of correlation and co-integration to measure the relationship among the variables such as number of MSMEs, investment amount, employment and output. This pandemic is an exceptional shock for MSMEs. It is evident that there is a high degree of significant positive correlation among the variables. Johansen’s co-integration analysis resulted in the rejection of the null hypothesis signifying the existence of long-run co-integrating relationship. Given the extensive COVID-19 chaos, the government needs to establish an ongoing monitoring system and declare urgent relief steps to improve the MSMEs sector’s confidence. E-market linkage for MSMEs should be promoted, and fiscal stimulus should increase for this sector. The Government of India should take various measures to improve Indian MSMEs and achieve the vision of Self-reliant India.

scholarly journals PLASTIC CARDS AS THE MAIN SECTOR OF CASHLESS PAYMENTS

2018 ◽  
pp. 76-79 ◽  
Author(s):  
S. O. Kushu ◽  
Y. A. Sobka
Keyword(s):  
Economic Development ◽  
Banking Sector ◽  
Economic Activities ◽  
Tax Base ◽  
Financial Condition ◽  
Motivational Aspect ◽  
Calculation Methodology ◽  
Single Strategy ◽  
High Degree ◽  
The Impact

The article discusses the impact of plastic cards on minimizing the risks of the organization. Non-cash payments - is an integral part of the management of financial and economic activities of the banking sector within the framework of a single strategy of economic development, which is a process of systematic use of the optimal legal methods and methods to establish the desired future financial condition of the object in terms of limited resources and the possibility of their alternative use. The process of using plastic cards should be considered in a number of ways. The organizational aspect assesses the degree of formalization and regulation of the use of cashless payments. It is clear that the higher the degree of regulation of procedures, the higher the predictability and manageability of the process of cashless payments. Coordination is the degree of coordination among the participants. It is the result of a high degree of regulation of the process or effective operational work of the Department of non-cash payments. The methodology reflects the compliance of plastic cards calculation methodology adopted by the company, its production characteristics and financial and economic structure. The value of the motivational aspect of non-cash payments is that it makes it possible to stimulate the results of the work of the head, or the entire Department of non-cash payments. Stimulation is made by means of inclusion in the budget of division of the bonus Fund which can be used for payment of awards to employees of division and its head. The need to calculate Bank cards is inherent in the legislation itself, which provides for certain regimes for different situations, allows different methods for calculating the tax base and offers various benefits if they act in the desired directions to the authorities. In addition, the process of calculating plastic cards is due to the interest of the state in providing a number of advantages in order to stimulate any sphere of production, category, regulation of socio-economic development.

scholarly journals STRUCTURE AND EFFICIENCY OF INVESTMENTS IN THE SPORTS INDUSTRY OF THE COUNTRIES (EXAMPLE OF THE GERMAN ECONOMY)

2021 ◽  
Author(s):  
Anastasiia Kafurina ◽  
Tetiana Rodionova
Keyword(s):  
Initial Public Offering ◽  
Stock Price ◽  
German Economy ◽  
Weighted Average ◽  
Share Price ◽  
Model Errors ◽  
Football Club ◽  
Sports Industry ◽  
Football Clubs ◽  
The World

In the last thirty years sport is turning into business and football clubs are developing into large corporations. Sports industry has been becoming not just more exciting but also highly lucrative. The value of professional football sector is estimated to be about 8 billion euros. Even more investors see sports leagues or football clubs as profitable investments. For instance, European Super League can be taken, which could have been more profitable for investors than other competitions and attracted such sponsor as JPMorgan Chase. However, in the near future such project has no support from governments and other clubs and therefore has no future yet. One type of investment in the sports industry is the purchase of shares in sports clubs. Borussia Dortmund is a German football club, one of the most successful clubs in the world, which plays in the Bundesliga, the top tier of the German league system. Dortmund’s shares are listed on the Frankfurt Stock Exchange. Borussia is the only club in Germany and among approximately 25 clubs in the world, including few British and Italian clubs, whose shares are publicly traded. Even more clubs are considering going public to increase its capital. One of the biggest clubs in Belgium, Brugge examined such opportunity, though the club postponed their initial public offering because of the low demand. On the contrary, Ukrainian football club Veres started selling its shares in April 2021 and during the first day have received bids for the purchase of stocks for the amount of over 36 million hryvnas. However, the benefit for the investor might be only the increase of a share price as the club does not intend to pay out dividends. The article analyses the price of a club share for more than 20 years and historical dividends. Borussia’s stock is analysed using futures contracts. It also examines such indicators as return on invested capital (ROIC), weighted average cost of capital (WACC), return on assets (ROA), which are compared with those of Manchester United, Juventus, Lazio and Ajax. A model is being built to predict the stock price during COVID-19 and before the start of the pandemic to compare price fluctuations and model errors.

A Methodology for the Sport Industry to Capture Public Perceptions and Responses in the Time of COVID-19

2021 ◽  
Author(s):  
Yen-Yao Wang ◽  
Tawei (David) Wang ◽  
Kyunghee Yoon
Keyword(s):  
Crisis Management ◽  
Management Strategies ◽  
Professional Sports ◽  
Public Perceptions ◽  
Learning Approaches ◽  
Sports Industry ◽  
Sport Industry ◽  
Hidden Patterns ◽  
The Impact ◽  
Sports Activities

The COVID-19 pandemic has had an unprecedented impact on the sports industry, affecting from professional sports activities to the 2020 Summer Olympics. It has wreaked havoc on the sports calendar, causing a number of events to be canceled or postponed. This study proposes a methodology by which the sports industry can assess public perceptions and responses in social media to gain important insights that can be used to craft effective crisis management strategies. Using machine learning approaches in order to extract hidden patterns in tweets could assist practitioners in creating and implementing crisis communication strategies for mitigating the impact of COVID-19.

Legal, Ethical, and Integrity Issues in Sports Industry

2021 ◽  
pp. 492-516
Author(s):  
Igor Ponkin ◽  
Olga Shevchenko ◽  
Alena Redkina
Keyword(s):  
Russian Federation ◽  
Professional Sports ◽  
Business Development ◽  
Legal Services ◽  
Professional Athlete ◽  
Sports Industry ◽  
Commercial Activities ◽  
Sports Ethics ◽  
The Russian Federation ◽  
Further Development

This chapter focuses on the issues of the sports industry. Since sport, in addition to its other aspects, is a fast-growing industry, the chapter considers the importance of sports industry for the sector as a whole. The chapter shows the basic elements of sports industry structure, together with the peculiarities of Russian sports industry legal support in general and in some particular directions. The authors give definitions of “sports industry,” “sports product,” “sports entertainment product,” “professional sports,” “professional athlete,” “sports ethics,” and “sports integrity.” Being a good basis for sports business development, the legislation of the Russian Federation in the sphere of legal services for business and commercial activities within the sports industry takes into account sports-specific features and its principal functions enabling professional sports sector to provide benefits to economy and society. However, there is still space for further development.

The On-Scene Medical Organization

1985 ◽  
Vol 1 (2) ◽  
pp. 115-116
Author(s):  
Odd Oyen
Keyword(s):  
First Aid ◽  
Medical Organization ◽  
Maximum Benefit ◽  
Final Treatment ◽  
Qualified Personnel ◽  
Effective System ◽  
Temporary Treatment ◽  
High Degree ◽  
Principle Objective ◽  
Maximum Utilization

Experiences from accidents show that the majority of critical injuries die within the first 1-4 h if they do not receive some appropriate medical treatment. The problems of an accident with many casualties is dealt with by: (a) maximum utilization of resources; and (b) sorting the tasks.By rapid and skillful evaluation, we may sort out the critical injuries and give priority for treatment and transport. Through experience we have learned the few and very simple principles of dealing with critical injuries: (a) rapid and sufficient first-aid at the scene, (b) rapid evacuation to a hospital, (c) efficient final treatment, and (d) the need for an effective system of communication between the scene, the ambulances and the hospital.The principle objective of medical first-aid on the scene of an accident is to stabilize the patient and to make him fit for transportation. Only thereafter is the most necessary temporary treatment carried out. The resuscitation must be continued during transportation. Qualified personnel with equipment must accompany critical injuries. During the last decades there has been a considerable development in the first-aid on the site. Each wounded individual must get the maximum benefit. This requires a high degree of field administration and co-ordination of medical activity on site. This may differ from country to country, but in general the principles will be the same.

scholarly journals Exploring Challenges in Space Syntax Theory Building: The Use of Positivist and Hermeneutic Explanatory Models

2020 ◽  
Vol 12 (17) ◽  
pp. 7133 ◽  
Author(s):  
Akkelies van Nes ◽  
Claudia Yamu
Keyword(s):  
Urban Space ◽  
Critical Realism ◽  
Explanatory Power ◽  
Space Syntax ◽  
Explanatory Models ◽  
Theory Building ◽  
Built Environments ◽  
Economic Activities ◽  
Market Rationality ◽  
High Degree

The planning and building of sustainable cities and communities yields operational theories on urban space. The novelty of this paper is that it discusses and explores the challenges for space syntax theory building within two key research traditions: positivism and hermeneutics. Applying a theory of science perspective, we first discuss the explanatory power of space syntax and its applications. Next, we distinguish between theories that attempt to explain a phenomenon and theories that seek to understand it, based on Von Wright’s modal logics and Bhaskar’s critical realism models. We demonstrate that space syntax research that focuses on spatial configurative changes in built environments, movement and economic activities can explain changes in a built environment in terms of cause and effect (positivism), whereas historical research or research focusing on social rationality, space and crime or cognition seeks to develop an understanding of the inherent cultural meaning of the space under investigation (hermeneutics). Evidently, the effect of human intentions and behaviour on spatial structures depends on the type of rationality underlying these intentions, which is the focus of this study. Positivist explanatory models are appropriate for examining market rationality in cases that entail unambiguous intentionality and that are associated with a high degree of predictability. By contrast, other kinds of reasoning require a hermeneutic understanding.

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