Year 2016, Volume 4, Issue 4, Pages 1 - 19 2017-05-14

Applying grey relational analysis to Italian football clubs: A measurement of the financial performance of Serie A teams
APPLYING GREY RELATIONAL ANALYSIS TO ITALIAN FOOTBALL CLUBS: A MEASUREMENT OF THE FINANCIAL PERFORMANCE OF SERIE A TEAMS

Sean Pradhan [1] , Adem Boyukaslan [2] , Fatih Ecer [3]

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Extant literature on the financial analysis of football clubs has applied a vast array of techniques in determining the fiscal stability of such entities. Although many studies have provided useful comparisons and analyses of the states of various clubs, direct research comparing the financial performance among various clubs is still scant. Hence, we present an application of financial ratio analysis to the greater Italian football market within the Serie A. The main purpose of this study is to assess the financial performance of the top three Italian football clubs currently listed on the Borsa Italiana (Italian Stock Exchange), those being: Juventus F.C., A.S. Roma, and S.S. Lazio. In accomplishing this, we offer a comparative analysis of these clubs through the usage of grey relational analysis (GRA), an optimal performance technique derived from engineering. Overall, our results suggest that S.S. Lazio appears to be the most financially stable club among the sampled, publicly traded Serie A teams. In light of these findings, this study furthers the application of economic evaluation into larger segments of international football.

Extant literature on the financial analysis of football clubs has applied a vast array of techniques in determining the fiscal stability of such entities. Although many studies have provided useful comparisons and analyses of the states of various clubs, direct research comparing the financial performance among various clubs is still scant. Hence, we present an application of financial ratio analysis to the greater Italian football market within the Serie A. The main purpose of this study is to assess the financial performance of the top three Italian football clubs currently listed on the Borsa Italiana (Italian Stock Exchange), those being: Juventus F.C., A.S. Roma, and S.S. Lazio. In accomplishing this, we offer a comparative analysis of these clubs through the usage of grey relational analysis (GRA), an optimal performance technique derived from engineering. Overall, our results suggest that S.S. Lazio appears to be the most financially stable club among the sampled, publicly traded Serie A teams. In light of these findings, this study furthers the application of economic evaluation into larger segments of international football.    

  • A.S. Roma, 2016. History. [online] Available at: http://www.asroma.com/en/club/history.
Subjects Social
Journal Section ARTICLES
Authors

Author: Sean Pradhan
Institution: University of Michigan
Country: United States


Author: Adem Boyukaslan
Institution: AFYON KOCATEPE UNIV
Country: Turkey


Author: Fatih Ecer
Institution: AFYON KOCATEPE UNIV
Country: Turkey


Bibtex @research article { iremjournal290668, journal = {International Review of Economics and Management}, issn = {2148-3493}, address = {Gökhan ÖZER}, year = {2017}, volume = {4}, pages = {1 - 19}, doi = {10.18825/iremjournal.290668}, title = {APPLYING GREY RELATIONAL ANALYSIS TO ITALIAN FOOTBALL CLUBS: A MEASUREMENT OF THE FINANCIAL PERFORMANCE OF SERIE A TEAMS}, key = {cite}, author = {Pradhan, Sean and Boyukaslan, Adem and Ecer, Fatih} }
APA Pradhan, S , Boyukaslan, A , Ecer, F . (2017). APPLYING GREY RELATIONAL ANALYSIS TO ITALIAN FOOTBALL CLUBS: A MEASUREMENT OF THE FINANCIAL PERFORMANCE OF SERIE A TEAMS. International Review of Economics and Management, 4 (4), 1-19. DOI: 10.18825/iremjournal.290668
MLA Pradhan, S , Boyukaslan, A , Ecer, F . "APPLYING GREY RELATIONAL ANALYSIS TO ITALIAN FOOTBALL CLUBS: A MEASUREMENT OF THE FINANCIAL PERFORMANCE OF SERIE A TEAMS". International Review of Economics and Management 4 (2017): 1-19 <http://dergipark.org.tr/iremjournal/issue/28054/290668>
Chicago Pradhan, S , Boyukaslan, A , Ecer, F . "APPLYING GREY RELATIONAL ANALYSIS TO ITALIAN FOOTBALL CLUBS: A MEASUREMENT OF THE FINANCIAL PERFORMANCE OF SERIE A TEAMS". International Review of Economics and Management 4 (2017): 1-19
RIS TY - JOUR T1 - APPLYING GREY RELATIONAL ANALYSIS TO ITALIAN FOOTBALL CLUBS: A MEASUREMENT OF THE FINANCIAL PERFORMANCE OF SERIE A TEAMS AU - Sean Pradhan , Adem Boyukaslan , Fatih Ecer Y1 - 2017 PY - 2017 N1 - doi: 10.18825/iremjournal.290668 DO - 10.18825/iremjournal.290668 T2 - International Review of Economics and Management JF - Journal JO - JOR SP - 1 EP - 19 VL - 4 IS - 4 SN - 2148-3493- M3 - doi: 10.18825/iremjournal.290668 UR - https://doi.org/10.18825/iremjournal.290668 Y2 - 2017 ER -
EndNote %0 International Review of Economics and Management APPLYING GREY RELATIONAL ANALYSIS TO ITALIAN FOOTBALL CLUBS: A MEASUREMENT OF THE FINANCIAL PERFORMANCE OF SERIE A TEAMS %A Sean Pradhan , Adem Boyukaslan , Fatih Ecer %T APPLYING GREY RELATIONAL ANALYSIS TO ITALIAN FOOTBALL CLUBS: A MEASUREMENT OF THE FINANCIAL PERFORMANCE OF SERIE A TEAMS %D 2017 %J International Review of Economics and Management %P 2148-3493- %V 4 %N 4 %R doi: 10.18825/iremjournal.290668 %U 10.18825/iremjournal.290668
ISNAD Pradhan, Sean , Boyukaslan, Adem , Ecer, Fatih . "APPLYING GREY RELATIONAL ANALYSIS TO ITALIAN FOOTBALL CLUBS: A MEASUREMENT OF THE FINANCIAL PERFORMANCE OF SERIE A TEAMS". International Review of Economics and Management 4 / 4 (May 2017): 1-19. https://doi.org/10.18825/iremjournal.290668