Entry into Exit: Insolvency in English Professional Football

26 Pages Posted: 21 Aug 2017

See all articles by Stefan Szymanski

Stefan Szymanski

University of Michigan at Ann Arbor

Date Written: September 2017

Abstract

This study uses a unique database of financial accounts for English football clubs between 1974 and 2010 to examine the process by which firms fail, which in this context means entering insolvency proceedings. From the data it is possible to estimate shocks to demand and productivity and to show that failing firms typically experience a series of negative shocks. This is consistent with the standard IO theory models of exit.

Suggested Citation

Szymanski, Stefan, Entry into Exit: Insolvency in English Professional Football (September 2017). Scottish Journal of Political Economy, Vol. 64, Issue 4, pp. 419-444, 2017. Available at SSRN: https://ssrn.com/abstract=3021411 or http://dx.doi.org/10.1111/sjpe.12134

Stefan Szymanski (Contact Author)

University of Michigan at Ann Arbor ( email )

500 S. State Street
Ann Arbor, MI 48109
United States

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