Winner’s Curse: An Analysis of Transactions Happening in Soccer Clubs

Podium

Emerson Santana de Souza¹  Paulo Sérgio Almeida Santos²  Andréia Carpes Dani³  Josimar Pires da Silva⁴ 

[1] Universidade Federal de Goiás - UFG, Goiânia.Face - Faculdade de Administração, Ciências Contábeis e Ciências Econômicas.;Universidade Federal de Mato Grosso – UFMT, Cuiabá.;Universidade Regional de Blumenau- FURB.;Universidade de Brasília - UnB.;

关键词: Maldição do vencedor;    Esporte;    Futebol;    Contabilidade.;   

DOI  :  10.5585/podium.v6i1.194

来源: DOAJ

【 摘 要 】

The literature states the term winner’s curse as the fact that auction winners pay higher prices a good, above its actual value. The purpose of this article is to verify whether soccer clubs around the world conducting their main business transactions (buying and selling players) incur so-called the “Curse of the Winner”. A descriptive research was conducted through the Transfermarkt database analyzes involving renowned clubs and soccer players transactions in recent years. The results point out that the biggest and more relevant soccer clubs in the market present the winner’s curse, i.e., they acquired players who do not deliver good results in performance and economy, paying a million dollar for them. Nevertheless, the analysis was limited for probabilistic expectations of the occurrence of the curse of the winner, as well as contingency factors such as: human behavior, injuries, etc. In addition, this article contributes to the literature about the winner’s curse, especially in relation to the uncertainties of the soccer market. Likewise, the very measurement and accounting recognition of such transactions are fragile in estimating the true economic resource arising from training or hiring a soccer player.

【 授权许可】

Unknown