We empirically investigate the performance effect of team-specific human capital in highly interactive teams. Based on the tenets of the resource-based view of the firm and on the ideas of typical learning functions, we hypothesize that team members’ shared experience in working together have...

The sales of books, DVDs and music albums frequently increase substantially after the death of an artist. Yet, the mechanism behind this stylized fact remains unclear. In this paper, we extend previous work on death-related effects, and examine after-death sales increases both as an affective...

In this paper, we empirically investigate how performance expectations affect top manager replacements. Specifically, we approximate unobservable performance expectations based on professional bookmaker betting odds on matches of the highest German soccer league, the Bundesliga, to capture the...

Recent studies of the demand for sports clearly indicate that stars play an important role in promoting fan interest. However, on theoretical grounds it is controversial if a star’s talent superiority and/or a star’s popularity drive match attendance and hence increase gate revenues. Using...

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

In the literature addressing the determinants of TV audiences in sports, both the absolute and relative playing strength of the opponents play a prominent role. Regarding national team competitions, however, this study conjectures that patriotism matters as well. Analyzing the Swiss TV audience...

Theory predicts that the interaction type within a team moderates the impact of talent disparity on team productivity. Using panel data from professional German soccer teams, we test talent composition effects at different team levels characterized by different interaction types. At the match...

The impact of intra-team pay dispersion on team productivity is a highly discussed issue. On the one hand, wage differentials provide incentives for higher employee effort. On the other hand, pay inequality may reduce team cohesiveness and increase feelings of relative deprivation leading to...

In 2002 the leading European football clubs reacted to the increasing player salaries by signing a voluntary agreement to limit player salaries to 70% of revenues. We analyse under which conditions a voluntary salary cap agreement is self-enforcing. Based on a simple model of a league with two...