Munich Personal RePEc Archive

A non-parametric analysis of the efficiency of the top European football clubs

Halkos, George and Tzeremes, Nickolaos (2011): A non-parametric analysis of the efficiency of the top European football clubs.

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Abstract

This paper analyses how European football clubs’ current value and debt levels influence their performance. The Simar and Wilson (J Econometrics, 136: 31–64, 2007) procedure is used to bootstrap the data envelopment analysis DEA scores in order to establish the influence of football clubs’ current value and debt levels on their obtained efficiency performances. The results reveal that football clubs’ current value levels have a negative influence on their performances, indicating that football clubs’ high value doesn’t ensure higher performance. At the same time, the empirical evidence suggests that there is no influence associated of football clubs’ debt to their efficiency levels.

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