Expert evaluation of Financial Management strategies of sport clubs
Yeghiazaryan, Grigori (2020)
Lataukset:
2020
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2020092420686
https://urn.fi/URN:NBN:fi:amk-2020092420686
Tiivistelmä
Abstract:
The global goal of this work is to study and analyze methodology of financial management strategies assessment. The structure of the thesis is consistent of the literature review covering the theories and models of Financial Management strategies, followed by a literature review of financial data analysis. Methodology used is econometric analysis of key financial indicators of sports clubs. Based on the comparison of econometric analysis data, there is determined effectiveness of financial management strategy applied by the respective sports clubs. It is also intended to identify, on the basis of econometric analysis, factors that play the most significant role in determination of effectiveness of the financial management strategy. The research questions to be answered are:
1. what strategies of financial management are used by sports clubs today;
2. what are the main factors that determine the pros and cons of such strategies and practice;
3. what criteria for evaluation of such strategies and practices are applicable in the case of sports clubs.
Results indicate the following:
1. leading sports clubs apply financial management strategies containing elements of diversification, fixed capital growth, and optimization of the use of credit resources;
2. most critical for choosing a financial management strategy are growth in total revenue, ratio of net debt to total revenue, ratio of the value of players to total revenue;
3. it is possible to use econometric analysis data to assess the applied strategies of financial management.
The global goal of this work is to study and analyze methodology of financial management strategies assessment. The structure of the thesis is consistent of the literature review covering the theories and models of Financial Management strategies, followed by a literature review of financial data analysis. Methodology used is econometric analysis of key financial indicators of sports clubs. Based on the comparison of econometric analysis data, there is determined effectiveness of financial management strategy applied by the respective sports clubs. It is also intended to identify, on the basis of econometric analysis, factors that play the most significant role in determination of effectiveness of the financial management strategy. The research questions to be answered are:
1. what strategies of financial management are used by sports clubs today;
2. what are the main factors that determine the pros and cons of such strategies and practice;
3. what criteria for evaluation of such strategies and practices are applicable in the case of sports clubs.
Results indicate the following:
1. leading sports clubs apply financial management strategies containing elements of diversification, fixed capital growth, and optimization of the use of credit resources;
2. most critical for choosing a financial management strategy are growth in total revenue, ratio of net debt to total revenue, ratio of the value of players to total revenue;
3. it is possible to use econometric analysis data to assess the applied strategies of financial management.