Does Money Guarantee Success in Football?
|Author:||Bc. Martin Milenovský|
|Year:||2015 - summer|
|Leaders:|| doc. Ing. Tomáš Cahlík CSc.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||E!ciency wages theory says that better-paid workers are more productive.
However, in sports it is often neglected as success is still attributed to greater
talent, or luck than simply to a higher wage bill. Dealing with the issue of
wages in sports is one of the most essential topics of sports economics. In the
thesis we confirm that wages are statistically significant in explaining variation
in performance in English, German, Czech, and Slovak top football leagues as
well as in specific Northern American Major League Soccer. We conclude that
the more restrictions and player transfer barriers there are, the smaller the
role of wages is in determining performance. Apart from wages we deal also
with transfer fees and find out that their role is overestimated by media and in
reality their e↵ect is more disruptive than helpful.