Historically, European team sports leagues were run by their respective national and international associations and were legally independent from the professional clubs playing in these leagues. Recently, European leagues have adopted an organizational form similar to their North American...

There is an on-going debate about the optimal degree of team solidarity in professional European soccer leagues. Support for a high degree of team solidarity has been coming from the theory of competitive balance. Within this theory, attendance has always been referred to as the endogenous...

An economic solution for reversing Japan’s financial challenges is entrepreneurship. New ventures are emerging outside the traditional Japanese management systems of lifetime employment, seniority systems, enterprise unions, and the Japanese business culture which stresses a group-oriented,...

The transfer system imposed by the football governing bodies on employment relations made sure that a player could not leave his current club and sign with another club without the current club's explicit consent. The 1995 Bosman judgement of the European Court of Justice declaring football...

Based on the competing theories of superstar formation proposed by Rosen (1981) and Adler (1985) it is controversial if firsthand observable talent or other factors like past consumption and popularity influence stardom. This article investigates the emergence of superstars in German soccer. We...

Venture capitalist are intermediaries with strong advantages in financing risky investments (Leland/Pyle 1977, Chan 1983, Diamond 1984; Bygrave 1988). Being specialized in one industry, venture capitalists can control risk at lower cost compared to other players in the market (e.g. banking houses)...

Unternehmensberatungen gelten vielfach als Karrierespungbrett für Hochschulabsolventen. Im vorliegenden Aufsatz untersuchen wir die Lebensläufe aller Verwaltungsrats- und Geschäftsleitungsmitglieder der im schweizerischen Aktienindex SMI zusammenge-fassten Unternehmen auf Hinweise für eine...

In periods of student booms in tertiary education, the selection of students entering universities gains importance. Consequently, assessing the suitability of different selection methods is crucial for a fair selection process. This paper analyzes whether study success before and after the...

This paper analyzes how the costs of hiring skilled workers from the external labor market affect a firm's supply of training. Using administrative survey data with detailed information on hiring and training costs for Swiss firms, we find evidence for substantial and increasing marginal hiring...

Due to the specifics of the football governance systems and cultures of Europe and the United States, we hypothesize that the charitable foundation involvement of the National Football League (NFL) and its teams is more pronounced than that of the Union of European Football Associations (UEFA)...