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Do Soccer Associations Really Spend on a Good Thing? Empirical Evidence on Heterogeneity in the Consumer Response to Match Uncertainty of Outcome
Benz, Men-Andri; Brandes, Leif; Franck, Egon - Institut für Strategie und Unternehmensökonomik … - 2006
specificities. Based on data from German soccer, our results indicate that fan demand shows heterogeneity across quantiles and that …
Persistent link: https://www.econbiz.de/10010752147
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Do Soccer Associations Really Spend on a Good Thing? Empirical Evidence on Heterogeneity in the Consumer Response to Match Uncertainty of Outcome
Benz, Men-Andri; Brandes, Leif; Franck, Egon - Institut für Strategie und Unternehmensökonomik … - 2006
specificities. Based on data from German soccer, our results indicate that fan demand shows heterogeneity across quantiles and that …
Persistent link: https://www.econbiz.de/10005403946
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Underestimating randomness: Outcome bias in betting exchange markets
Merz, Oliver; Flepp, Raphael; Franck, Egon - 2021
This paper examines whether the outcome bias harms price efficiency in betting exchange markets. In soccer, the match … accurate prices for lucky and unlucky teams. Analyzing over 8,900 soccer matches, we find evidence that the prices are …
Persistent link: https://www.econbiz.de/10012820013
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Are sports betting markets semistrong efficient? Evidence from the COVID-19 pandemic
Meier, Pascal Flurin; Flepp, Raphael; Franck, Egon - 2021
This paper examines whether sports betting markets are semistrong-form efficient—i.e., whether new information is rapidly and completely incorporated into betting prices. We use the news of ghost matches in the top European football leagues due to the COVID-19 pandemic as the arrival of public...
Persistent link: https://www.econbiz.de/10012693929
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European club football after "five treatments" with financial fair play : time for an assessment
Franck, Egon - In: International Journal of Financial Studies : open … 6 (2018) 4, pp. 1-19
UEFA’s Club Licensing and Financial Fair Play Regulations (FFP) have impacted European club football. After five distinct applications of the break-even requirement, which represents the cornerstone of these regulations, it is time for an assessment. How has the situation in European...
Persistent link: https://www.econbiz.de/10011963930
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European club football after "five treatments" with financial fair play : time for an assessment
Franck, Egon - 2018
UEFA's Club Licensing and Financial Fair Play Regulations impacted on European club football. After five distinct applications of the break-even requirement, which represents the cornerstone of these regulations, it is time for an assessment. How has the situation in European top-division...
Persistent link: https://www.econbiz.de/10011945916
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Does sentiment harm market efficiency? : an empirical analysis using a betting exchange setting
Merz, Oliver; Flepp, Raphael; Franck, Egon - 2019
exchange market environment to analyze the influence of sentimental bettors on market efficiency in 2,333 soccer matches played …
Persistent link: https://www.econbiz.de/10012209059
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Talent, Past Consumption and/or Popularity - Are German Soccer Celebrities Rosen or Adler Stars?
Franck, Egon; Nüesch, Stephan - Institut für Strategie und Unternehmensökonomik … - 2005
the emergence of superstars in German soccer. We use data on market values and individual player performance and publicity … evidence that Adler’s theory applies to German soccer stars. …
Persistent link: https://www.econbiz.de/10010752144
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Local Heroes and Superstars - An Empirical Analysis of Star Attraction in German Soccer
Brandes, Leif; Franck, Egon; Nuesch, Stephan - Institut für Strategie und Unternehmensökonomik … - 2006
attendance and hence increase gate revenues. Using longitudinal match attendance data of all clubs in the Þrst German soccer …
Persistent link: https://www.econbiz.de/10010752145
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The Group Size and Loyalty of Football Fans: A Two-Stage Estimation Procedure to Compare Customer Potential Across Teams
Brandes, Leif; Franck, Egon; Theiler, Philipp - Institut für Strategie und Unternehmensökonomik … - 2010
This paper presents estimation results on the size and loyalty of sport teamsÕ sup- porter groups in professional German football. Based on a novel two-stage estimation procedure, we find clear evidence for heterogeneity across teams. In a first stage, a random utility model for a...
Persistent link: https://www.econbiz.de/10008509884