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- Interactions between financial efficiency and sports performance: Data for a sustainable entrepreneurial approach of European professional football clubsPublication . Miragaia, D. A. M.; Ferreira, João José de Matos; Carvalho, Alexandre Miguel Guerreiro; Ratten, VanessaPurpose – In the current economic climate, the huge rise in the levels of debt incurred by professional football clubs challenges the need to improve their efficiency levels. Hence, analysis of their productivity is essential and represents an integral dimension to any realistic and efficient strategy. Any such strategy includes the identification and analysis of the inputs and outputs that underpin club sustainability. The purpose of this paper is to evaluate the relationship between the team performance of professional European football clubs and the stability of their financial efficiency. Design/methodology/approach – The sample spans 15 professional football clubs that won the league titles in the leading football leagues (the English, German, Spanish, Italian and French leagues) in the period between 2009 and 2014. The analysis made recourse to the data envelopment analysis method. Findings – The results demonstrate that of the 15 clubs analysed, only 10 proved efficient. Football is now an industry that moves major quantities of financial capital and holds the attentions of large groups of fans worldwide. However, despite this attractiveness, the financial crisis and recession, ongoing since 2008, increasingly requires the better management of such resources. To this end, clubs should improve their control over the financial resources available given the positive relationship prevailing between the sporting performance of clubs and their levels of financial efficiency. Originality/value – Analysis of the efficiency levels of the inputs and outputs encapsulating performance related financial variables may aid in improving the standards of planning and sustainable management at professional sport clubs.
- Contemporary approaches to performance evaluation of international hotel groups in PortugalPublication . Ferreira, João; Estevão, Cristina; Cruz, Rosa Pires da; Ratten, VanessaCompetition between hotel groups has become fierce over recent years because of the rise in the mobility of tourists and the rise in the number of hotel groups. One of the most important tools for measuring the competitiveness of hotel groups is their efficiency. This paper seeks to evaluate the efficiency of international hotel groups in Portugal by applying appropriate data envelopment analysis (DEA) panel data approaches (contemporaneous and intertemporal). The results of the panel data suggest that the efficiency of hotel groups differs significantly from group to group and within each group over time. These results have implications for hotel managers wanting to increase their global competitiveness and efficiency and are discussed in terms of factors affecting managerial decision-making abilities. Future research directions are also stated in the paper, as this is important for hotel marketers particularly those in international hotel groups.