An event study of the economic impact of professional sport teams on local incomes
An event study of the economic impact of professional sport teams on local incomes
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2005
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Assumption University
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eng
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Assumption University. Martin de Tours School of Management and Economics
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AU Journal of Management 3, 1 (January-April 2005), 41-46
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Abstract
Many cities have tried to use expensive incentives such as a state-of-the-art stadiums or tax
exemptions to persuade major professional sport teams to relocate to or remain in their area. These
cities do so because they expect a professional sport team to enhance the local economy. Jn this paper
we utilize an event study approach to examine the economic impact of a sport team on the local economy.
The results indicate a negative impact of a sport team on local per capita income in both the short and
long-run.
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In English ; only abstract in English.
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