Hired to Be Fired: The Publicity Value of Managers

Bradbury, J. C. (2016) Hired to be Fired: The Publicity Value of Managers. Manage. Decis. Econ., doi: 10.1002/mde.2834.

Posted: 10 Dec 2015 Last revised: 17 Apr 2018

Date Written: October 14, 2016

Abstract

Sports teams frequently fire and hire managers when they experience losing. However, determining managerial responsibility for player performance is difficult to measure. This study examines how major-league baseball players perform under different managers and estimates that managers have little effect on performance. The study further investigates whether or not replacing managers serves as a signal to fans that the team is improving, which boosts attendance. The results indicate that new managers were associated with increased attendance in the 2000s; however, such effects were not present in the 1980s and 1990s.

Keywords: managers, signaling, baseball

JEL Classification: J24, J44, Z22

Suggested Citation

Bradbury, John Charles, Hired to Be Fired: The Publicity Value of Managers (October 14, 2016). Bradbury, J. C. (2016) Hired to be Fired: The Publicity Value of Managers. Manage. Decis. Econ., doi: 10.1002/mde.2834.. Available at SSRN: https://ssrn.com/abstract=2701267 or http://dx.doi.org/10.2139/ssrn.2701267

John Charles Bradbury (Contact Author)

Kennesaw State University ( email )

Dept. of Economics, Finance, and Quant. Analysis
560 Parliament Garden Way NW
Kennesaw, GA 30144
United States

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