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Home advantage is a well-established phenomenon in professional football. However, the literature on the effect of the size of the crowd on home advantage has produced mixed results. The present study utilized data from all the games in the Chinese Super League between the 2011 and 2019 seasons. Using multivariate regressions, where we control for teams’ abilities, different schedule related variables and referees’ unobserved characteristics, we find that the size of attendance has a positive effect on home advantage in terms of yellow cards, scored goals and points per game. Our finding emphasizes the important role of crowd on home advantage, not only for the dichotomous comparison between games with and without crowd, but also for the continuous case with varying levels of crowd.

Understanding the motivations behind consumer engagement on sports club social media can help clubs and marketers tailor their strategies to better connect with fans, fostering deeper loyalty and more meaningful interactions. By identifying what drives fans to engage—whether it is a genuine love for the brand or the pursuit of rewards—clubs can create more targeted content that not only boosts engagement but also strengthens the overall fan experience and community.

This study compares the relationship between National Basketball Association player career performances and their market values as revealed by their rookie card prices and their career salaries. This permits a novel identification of the similarities and differences between card collectors and team owners in how they value the same sample of 185 players. The analysis includes all players who began their careers in 1993 or after and completed their careers by 2019, and who renegotiated their rookie contract so that their card price and salary values are based on their National Basketball Association performances. Offensive statistics largely determine a player's salary and card value. Team owners place greater value on team attributes such as tenure with the team and games started, while card collectors place greater relative value on individual performance. [ABSTRACT FROM AUTHOR]

The assessment of environmental and health impacts stemming from sports mega-events plays an important role in evaluating the overall cost–benefit of the events. This study utilizes microdata sourced from the China Household Income Project in conjunction with a time-varying difference-in-differences methodology. Through this approach, we estimated the impact of the 2010 Guangzhou Asian Games on both air quality and public health conditions within China. The results reveal the following: (1) The Games wield substantial and favorable effects on self-perceived health; (2) The primary avenue through which the Games improve self-perceived health is by mitigating air pollution levels in the cities associated with the Games; (3) The cost–benefit analysis unveils that hosting the Games has led to a reduction of 1103.12 million RMB in residents' medical expenses, with the improved air quality accounting for 20.15% of the cost reduction. [ABSTRACT FROM AUTHOR]

Despite its popularity, outcome uncertainty in professional tennis did not receive much attention from academics in the recent past. This is astonishing because it should be of utmost importance in professional tennis in the following years with the approaching end of the era of the Big 3. This study investigates match-level uncertainty in professional women's and men's tennis between 2010 and 2019 using a logit model with a dataset consisting of 51,054 matches. In the different analyses, the variations in the ranking and quality differences between players are taken into account in addition to differences across surfaces, tournaments, and genders. In the investigated period, women's tennis has relatively higher outcome uncertainty when compared to men's. The results also illustrate that talent seems to be distributed more evenly in women's tennis, whereas men's tennis has high heterogeneity in terms of talent. Moreover, very specific subgroups of matches having the highest and lowest uncertainty in men's and women's tennis are identified. Managerial implications are also presented to show how organizers, policy makers and, eventually, fans can benefit from the insights presented in this study. [ABSTRACT FROM AUTHOR]

Purpose: This paper investigates the stock market reaction to three different events related to the UEFA Champions League – the announcements of draws, odds and match results. The aim of the paper is to test whether these events are informative for stock market operators, i.e. whether they produce abnormal returns. Design/methodology/approach: Applying the event study methodology, the authors investigate the stock market reaction before (at two events: the draw date and on the release of betting odds) and after the matches of 11 listed soccer teams in the period 2003–2019. The authors also conduct OLS regression analyses in order to disentangle the impact of firm specific variables and match characteristics on cumulative abnormal returns. Findings: This paper finds that match outcomes affect the stock market performance of listed teams, while the announcements of draws and odds do not. More specifically, the market does not consider match outcomes involving wins and ties as informative events, while it penalizes losing teams. Moreover, investor reactions to events related to the UCL competition depend more on match characteristics than on company specific variables. Originality/value: The study enriches the ongoing debate about the impact of soccer team results on stock market performance in several ways: using the widest time span ever adopted in this area; focusing on UCL, which is the most important soccer competition played by private clubs; disentangling for the first time the effects of draws, odds release and sporting outcome on stock returns of listed soccer clubs. [ABSTRACT FROM AUTHOR]

We investigate the hot hand in the 1986-2019 NBA 3-Point Shooting Contests. Combining repeated shots in a location and shots across locations, the contest mimics game situations without many of the confounding factors. We find that a hot hand exists in the contest, but only for shots within the same location. Streaks of shots increase a hot hand, but only if the player makes his previous shot and has not moved locations. Our results suggest that while a hot hand does exist in basketball shooting, it is only present when shots are taken from the same shooting location. [ABSTRACT FROM AUTHOR]

Due to COVID-19, the 32nd Olympic Games were postponed temporarily for the first time, apart from those cancelled during the First and Second World Wars. Did the pandemic also affect the results? We aim to understand the impact of stringency measures on athletes' performance in the Olympics. For many athletes, the Olympics are the pinnacle of their careers, and they follow intense training schedules to arrive at the Games in peak physical condition. Stringency measures may have affected their results by making it harder for them to train effectively, to access sports infrastructure, to meet teammates, and more generally to follow an athletic lifestyle. Our quantitative analysis shows that stringency measures had an effect on the number of Olympic medals won, especially in team sports. This is consistent with the idea that stricter non-pharmaceutical interventions made it harder for teams to train together and achieve the necessary chemistry and harmony to succeed in such a competitive event. Furthermore, women were more severely penalized by higher stringency measures than men in team events. [ABSTRACT FROM AUTHOR]

Over the past two decades, attitudes toward marijuana usage have softened. This shift in sentiment coincided with reduced punishments, decriminalization, and in some states, legalization. We find evidence of unexpected consequences of marijuana legalization. Using difference-in-difference estimation, we show that legalization correlates with recruiting outcomes in NCAA D1 sports. Specifically, legalization appears to improve basketball recruiting outcomes for in-state colleges but hurts recruiting outcomes for football programs. Since collegiate athletics are directly correlated with revenues and may affect the number of general applications that a university receives, our results reveal a channel through which marijuana laws could impact post-secondary education. [ABSTRACT FROM AUTHOR]

Using the assignment of referees to European international association football matches played between 2002 and 2016, we ask whether judgments were biased according to the legacy of the Cold War. We find that referees from post-communist states favored teams from non-communist states, but there was no evidence of favoritism in the other direction. This out-group bias of referees born behind the Iron Curtain was statistically significant for relatively less important and more subjective decisions, namely the awarding of yellow cards for foul play. The bias was particularly large among referees from the former Soviet Union. It has also diminished over time, perhaps due to increased professionalism in European refereeing, or because memories of the Cold War era have diminished among active referees. [ABSTRACT FROM AUTHOR]

This study provides first evidence on how belief dynamics are driving entertainment utility and consequently the demand for sports across markets by analyzing minute-by-minute audience data of UEFA Champions League (UCL) games televised in the UK and the Spanish market during a full (pre-COVID) cycle of broadcasting rights. Overall, we find that suspense and surprise are the main drivers of demand in both markets while shock only has marginal effects in the Spanish market. Interestingly, we find a combined impact of suspense and surprise in the UK market that is of similar magnitude as reported in a previous study for English Premier League matches in the UK. In the Spanish market, however, the combined impact is considerably larger. [ABSTRACT FROM AUTHOR]

How to select participants for a sports tournament when they are divided into different sets, and one should find a fair number of slots for each set? We propose to address this question by resorting to standard tools from the fair allocation literature. To frame our discussion, we focus on the increase in the number of participating teams in the FIFA World Cup. We explore the allocation of additional slots among continental confederations. We consider 10 different allocations. Based on our analysis, we can argue that the European soccer confederation (UEFA) has a solid basis to claim for additional slots. [ABSTRACT FROM AUTHOR]

The lack of crowds at sports fixtures as a result of COVID-19 restrictions has allowed researchers a unique opportunity to examine the widely accepted convention of home advantage. This work takes a slightly different approach, by examining within game outcomes. Specifically using play-by-play data from the NFL, this paper asks whether the lack of crowds aided a Quarterback's ability to manipulate opposition defenses. Results suggest this was the case, though effects are not uniform by home and away team. [ABSTRACT FROM AUTHOR]

We study the trade-off between two risks for scoring rules used in sports competitions containing multiple contests: (1) the threat of early clinch when the title is clinched before the last contest(s) of the competition take place; and (2) the danger of winning the competition without finishing first in any contest. Four historical points scoring systems of the Formula One World Championship are compared with the family of geometric scoring rules. The current scheme seems to be a reasonable compromise close to the Pareto frontier. Our results contribute to the issue of choosing an optimal set of point values. [ABSTRACT FROM AUTHOR]

With few exceptions, the sports attendance demand literature assumes the intensity of fan responses to home and visiting team quality are homogeneous across the markets in a league. However, the theory of sports leagues makes no such assumption. In this paper, we empirically investigate heterogeneity in fan win preference intensity using Major League Baseball attendance. Using a generalized linear mixed model, we find evidence of substantial fan preference heterogeneity, toward both home and visiting team quality, across Major League Baseball markets. In addition to the demonstrated importance for empirical analysis, we detail how this also matters for league policy design. [ABSTRACT FROM AUTHOR]

Sports participation does not produce benefits solely on a personal level but also numerous benefits on different societal levels, as well as the level of economies. The paper represents a contribution to the exploration of factors of individuals influencing regularity in sports participation. A logistic regression model was used based on the data from the Eurobarometer special survey from 2018. According to the findings, middle-aged men are the most likely to regularly participate in sports activities and individuals with active socio-professional status are also more likely to practice regular sports activities than individuals who are passive. The same is true for individuals living in less urbanised areas and those with positive life satisfaction compared to those living in urban areas or those who are not satisfied with their life. The results of our research are important for economic policymakers both at the national and regional levels, as well as at the level of individual municipalities. They facilitate the management of sports activities of individuals but are limited to a smaller number of factors with measurement specifics. Suggestions for further research are also presented.

The COVID-19 pandemic has decelerated substantial parts of economic and human interaction. This paper estimates football matches' contribution to the spread of COVID-19 during Germany's second infection wave in summer and autumn 2020. Exploiting the exogenous fixture schedules of matches across German counties in an event study design, we estimate that one additional match in a county on average raises daily cases by between 0.34 to 0.71 cases per 100,000 inhabitants after three weeks. Hence, this implies an increase of the seven-day incidence per 100,000 inhabitants by around three to seven percent. We do not find qualitatively different results for a subsample of German top league matches with the strictest hygiene regulations or matches with higher occupancy levels. Notably, the found effect is mediated by the incidence level at the day of the match with very few infections for matches at a seven-day incidence below 25. Using mobile phone data, we identify strong increases in the local mobility as an underlying mechanism. We finally show that the ban of away fans successfully limited the spread of COVID-19 beyond county borders. Our results alert that even outdoor mass gatherings can remarkably cause infections. [ABSTRACT FROM AUTHOR]

Pre-war baseball attendance data afford a unique opportunity to assess how leisure spending fared not only through deflation but also after such shocks as the Spanish Flu of 1918 and the 1929 Wall Street Crash. Long-run analysis via a vector error correction model (VECM) reveals significant cointegration of baseball attendance with both prices and output. A long-run positive relationship with prices offers evidence of a negative impact of deflation on leisure spending, suggesting that deflation is indeed more to be feared than inflation. There are also apparent parallels between the post-pandemic boom in leisure spending in 1919 and the post-2020 experience. [ABSTRACT FROM AUTHOR]

This paper explores the interaction of informal constraints on human behaviour by examining the evolution of English football jerseys. The jersey provides an excellent setting to demonstrate how informal constraints emerge from formal rules and shape human behaviour. Customs, approved norms and habits are all observed in this setting. The commercialisation of football in recent decades has resulted in these informal constraints, in many cases dating back over a century, co-existing with branding, goodwill and identity effects. Combined, these motivate clubs to maintain the status quo. As a result, club colours have remained remarkably resilient within a frequently changing landscape. [ABSTRACT FROM AUTHOR]

There are many studies on the determinants of visitor spending at sport events. However, few studies investigate the effect of satisfaction on spending and even fewer relate this to visitor expectations. The present study examines the case of the World Ski Championships 2015 which were held in Falun, Sweden. A particular focus of the study is if and how visitor satisfaction influences visitors’ expenditures. It is hypothesized and argued that spending depends on satisfaction relative to prior expectations. It is empirically found that those visitors with satisfaction greater than their expectations prior to the visit spend significantly more. A limitation of this study, however, is that the satisfaction is not measured systematically taking into consideration several dimensions of satisfaction which should be addressed in the future research.

This paper challenges the traditional seeding regime of round-robin tournaments that aims to create balanced groups. In particular, the design of the most prestigious European men's handball club competition is compared to two alternative formats with equally strong groups via simulations. We find that it is possible to increase the quality of all matches played together with raising the uncertainty of outcome, essentially without sacrificing fairness. Our results have useful implications for the governing bodies of major sports. [ABSTRACT FROM AUTHOR]

We study the optimal design of round-robin tournaments with three symmetric players. We characterize the subgame-perfect equilibrium in these tournaments with either one or two prizes. Our results show that the players who wish to maximize their expected payoffs or their probabilities of winning have different preferences about the order of games under tournaments with one or two prizes. We analyze the optimal allocations of players for a designer who wishes to maximize the players' expected total effort in the tournaments with one and two prizes, and by comparing between them, it is demonstrated that in order to maximize the players' expected total effort the designer should allocate only one prize. [ABSTRACT FROM AUTHOR]