Jane, Wen-Jhan; San, Gee; Ou, Yi-Pey - In: International Journal of Sport Finance 4 (2009) 2, pp. 136-150
This paper provides a comprehensive study of the causality between pay and performance for professional sports teams. By using the total salary payment, as well as the dispersion of salary payment of the baseball teams in Taiwan, we engage in a simultaneous regression of a Granger Causality Test...