Uma análise da eficiência entre desempenho esportivo e financeiro dos clubes da região Norte, Nordeste e Centro-Oeste do Brasil

Abstract

The aim of this research is to investigate the possible relationship between the sporting and financial performance of Brazilian football clubs during the period from 2019 to 2021. The sample selected for the research consists of 22 clubs from the North, Northeast and Midwest regions of Brazil. To evaluate the sporting performance of each club, its performance was measured over the three-year period. To evaluate the financial performance, data was collected on the Total Revenue, Total Cost, and Total Profit of each club during the period. For this purpose, the Income Statements of the sample clubs were collected for each year of the period. The statistical analysis included descriptive statistics and two DEA models. The first model, using the VRS method, examined the efficiency of the relationship between costs and performance, while the second model, using the CRS method, evaluated the relationship between the inverse of performance and revenues. The results indicated that clubs with efficient financial management (especially those with shareholder participation models) tend to perform better in sports. On the other hand, clubs with high revenue, tradition, and fan base tend to have their financial results boosted by sporting success, which is not the case for clubs with smaller revenues and fan bases. The results of this research aim to contribute to the specific literature on the subject, as well as provide a new perspective on financial and sports management for teams from less traditional regions in football.