Identification of Effective Indicators in the Economic Valuation of Intangible Assets of the Handball Premier League Clubs

Document Type : Research Paper

Authors

1 Ph.D. In Sport Management Mashhad Azad University, Iran.

2 Associate Professor In Sport Management of Islamic Azad University, Mashhad, Iran

3 Associate Professor In Sport Management Ferdowsi University of Mashhad, Iran.

4 Associate Professor In Sport Management Ferdowsi University of Mashhad,Iran,Iran

Abstract

The purpose of this study was to identify factors affecting the economic valuation of intangible assets of Premier League clubs in 2019. The statistical population of the study consisted of veterans, coaches, supervisors, and faculty members in the field of handball and sports economics. It was applied analytical research which was  done through a survey. Snowball sampling was done. Initially, semi-structured in-depth interviews were conducted for the purpose of identifying intangible assets. After reaching the theoretical saturation and coding, finally the important effective indicators were identified and extracted. After developing a questionnaire and content validation by 17 sports management and economics professors, the researcher distributed a Delphi questionnaire to veterans, coaches, and supervisors of Handball Premier League clubs and faculty members expert in handball. Delphi results confirmed the 45 extracted indices. The results of Friedman test showed that structural variables (3.5), communication capital (3.48), spiritual capital (1.88), and human capital (1.14) respectively were prioritized, respectively, They then plotted charts, maps, and analysis using Mick Mac software, and finally identified and ranked 20 key indicators in the economic valuation of the intangible assets of Premier League clubs. It is hoped that the findings of this study will be effective in providing a suitable model for recognizing the factors influencing the valuation of handball clubs and in recognizing more sponsors and facilitate situation for finding sponsors and creating a competitive advantage for club.

Keywords

References

-      Adams, A. T., & Armitage, S. (2002). Mutuality for Football Clubs? Lessons from the Financial Sector.
-      Asmild, M., Paradi, J. C., & Pastor, J. T. (2009). "Centralized resource allocation BCC models". Omega, 37(1), 40-49.
-      Bakhsha, A., Afrazeh, A., & Esfahanipour, A. (2018). "Identifying the Variables of Intellectual Capital and Its Dimensions with the Approach of Structural Equations in the Educational Technology of Iran. EURASIA Journal of Mathematics", Science and Technology Education, 14(5), 1663-82.
-      Baldini, M. A., Bronzetti, G., & Sicoli, G. (2017). "A Framework to Measure Intellectual Capital. In Country Experiences in Economic Development", Management and Entrepreneurship (pp. 527-537). Springer, Cham.
-      Bontis, N., & Fitz-Enz, J. (2002). "Intellectual capital ROI: a causal map of human capital antecedents and consequents". Journal of Intellectual capital, 3(3), 223-247.
-      Brooking, A. (1996). IC. "Core Asset for the Third Millennium Enterprise". Journal of Intellectual Capital.
-      Chen, J., Zhu, Z., & Yuan Xie, H. (2004). "Measuring intellectual capital: a new model and empirical study". Journal of Intellectual capital, 5(1), 195-212.
-      Chen, L. (2012). "A mixed methods study investigating intangibles in the banking sector (Doctoral dissertation, University of Glasgow)".
-      Damodaran, A. (2012). "Investment valuation: Tools and techniques for determining the value of any asset (Vol. 666)". John Wiley & Sons.
-      Dimitropoulos, P. E., & Koumanakos, E. (2015). "Intellectual capital and profitability in European football clubs". International Journal of Accounting, Auditing and Performance Evaluation, 11(2), 202-220.
-      Edvinsson, L. & Malone, M.S. (2013). "Summary: Intellectual Capital. Business News Publishing, Primento". Online at www.summaries.com.
-      Godet, A. J. Meunier, M. F. Roubelat, F, (2003). "Structural analysis with the MICMAC method & actors' strategy with MACTOR method, AC/UNU Millennium Project:Futures Research Methodology"-V2.0, AC/UNU, Washington, DC
-      Godet, M. (2006). "Creating Futures: Scenario Planning as a strategic management tool" (pp. 280). Washington, DC: Economica. Economica Brookings diffusion.
-      Gordon, T. J., Rochberg, R., & Enzer, S. (2008). "Research on cross-impact techniques with applications to selected problems in economics, political science, and technology assessment". Na.
-      Gudaityte, G., Jasinskas, E., Balciunas, M., Streimikiene, D. (2016), "Evaluation of the Legacy of a Sporting Event: A Case of Eurobasket 2007-2013", Transformations in Business & Economics, 15(2), 33-45.
-      Hajiani, Ib (2010). "Methodological Evaluation Techniques for Future Studies Techniques", Strategic Quarterly, No. 59, Summer) Persian).
-      Johnson, B. K., & Whitehead, J. C. (2000). "Value of public goods from sports stadiums: The CVM approach". Contemporary economic policy, 18(1), 48-58.
-      Jurczak, J. (2008). "Intellectual capital measurement methods". Economics and organization of enterprise, 1(1), 37-45.
-      Käpylä, J., Kujansivu, P., & Lönnqvist, A. (2012). "National intellectual capital performance: a strategic approach". Journal of Intellectual Capital, 13(3), 343-362..
-      Lardo, A., Dumay, J., Trequattrini, R., & Russo, G. (2017). "Social media networks as drivers for intellectual capital disclosure: Evidence from professional football clubs". Journal of Intellectual Capital, 18(1), 63-80.
-      Lopes, I. T., & Rodrigues, A. M. G. (2007). "Intangible Assets Identification and Valuation--a Theoretical Framework Approach to the Portuguese Airlines Companies". Electronic Journal of Knowledge Management, 5(2).
-      Mačerinskienė, I., & Aleknavičiūtė, R. (2015). "Comparative evaluation of national intellectual capital measurement models". Business: Theory and Practice, 16, 1.
-      Munasinghe, M. (1993). "Environmental economics and sustainable development". The World Bank.
-      Pinar Gurel, S., Dagli Ekmekci, Y. A., & Küçükkaplan, İ. (2013). "Measuring intellectual capital for football clubs: evidence from Turkish first division football league". Pamukkale Journal of Sport Sciences, 4(1), 36-47.
-      Ricci, F., Scafarto, V., Celenza, D., & Gilvari, I. S. (2015). "Intellectual Capital and Business Performance in Professional Football Clubs: Evidence From a Longitudinal Analysis". Journal of Modern Accounting and Auditing, 11(9), 450-465.
-      Sahebkaran, MA, Talebpour, M, Keshtadar, M, Ghorbani, M. Designing an Economic Valuation Model for Iranian Volleyball Clubs, PhD Thesis, Mashhad University of Medical Sciences, 1977, 4-6. (Persian).
-      Sahebkaran, MA. (2013). "Identification, Prioritization and Weighting of Performance Evaluation Indicators for Professional Volleyball Clubs in Iran". Volleyball Federation Research Project. No. 4160/275. (persian)
-      Saidnejad Fahim SR, Eghdami, Is (2010). "The importance of intangible assets as a sustainable competitive advantage". Journal of Official Accounting, 14: 124-120. (persian)
-      Salonius, H., & Lönnqvist, A. (2012). "Exploring the policy relevance of national intellectual capital information". Journal of Intellectual Capital, 13(3), 331-342.
-      Shou, Z. Q., & Liu, P. (2015). "Development and Utilization of Sports Intangible Assets in China under Sustainable Development Perspective". Open Cybernetics & Systemics Journal, 9, 3018-3023.
-      Tilley, F., & Young, W. (2009). "Sustainability Entrepreneurs. Greener Management International", (55).
-      Tomé, E., Naidenova, I., & Oskolkova, M. (2014). "Personal welfare and intellectual capital: the case of football coaches". Journal of Intellectual Capital, 15(1), 189-202.
-      Wicker, P., Hallmann, K., Breuer, C., & Feiler, S. (2012). "The value of Olympic success and the intangible effects of sport events–a contingent valuation approach in Germany". European sport management quarterly, 12(4), 337-355.
-      Zarei, J, Tslebpour, M. A Scientific Look at Handball Day. Tehran: Hatmi Publications. (Persian)
-      Zhang, X. P., Shang, R. H., & Zhang, X. Y. (2013). "Managing Intangible Assets of Sports Celebrities in China. In Proceedings of 20th International Conference on Industrial Engineering and Engineering Management" (pp. 845-855). Springer, Berlin, Heidelberg.
Applied Research in Sport Management
Volume 8, Issue 4 - Serial Number 32
Spring 2020
April 2020
Pages 11-24

Files

History

  • Receive Date: 29 January 2019
  • Revise Date: 21 October 2019
  • Accept Date: 05 May 2020

Share

How to cite

Statistics