A two-stage double bootstrap data envelopment analysis of the top twenty five European football clubs’ efficiency levels. Managerial and Decision Economics, 34(2): 108-115 (2013)

A two-stage double bootstrap data envelopment analysis of the top twenty five European football clubs’ efficiency levels. Managerial and Decision Economics 34(2): 108-115 (SCOPUS, EconLit Listed). In common with Ν. Τzeremes (2013).

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 scores. 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 football clubs’ debt levels do not influence their efficiency levels.

JEL classification: C14, C69, L83.