Abstract
With the professionalization of Chinese football, currently, Chinese football industry has become a new economic topic. The team like Guangzhou Evergrande, as a representative of the ‘money’ football policy in China, is popular. The China Football Association Super League (CSL) can be considered as an emerging field of great investment value. As such, the team’s operational efficiency should be a key factor that affects the managers and investors. Based on the input-oriented Data Envelope Analysis (DEA) model, this study analyzes the operational efficiencies of teams in CSL. The empirical study shows three key findings: First, team using the crazy investment mode is not efficient in 2012, 2013, 2014 seasons. Second, Beijing Guoan’s efficiency declined in the 2015 season due to his few investment. Third, in order to achieve good achievements in the league in the future, increasing investment should be an inevitable choice.
Highlights
Chinese Football Super League, organized by the Chinese Football Association, is the highest level of professional football league in mainland china
It has two components: The technical efficiency (TE), which reflects the ability of the decision making unit to maximize the output of the given input; Allocative efficiency (AE), reflected in the price of a given input, evaluates the ability to use the unit with an optimal ratio of investment
Based on the results shown in table 3-6, the so-called ‘Big 3’, namely Guangzhou Evergrande, Beijing Guoan, Shandong Luneng, all have great investments and Guangzhou Evergrande has achieved all the champions during these 5 years
Summary
Chinese Football Super League, organized by the Chinese Football Association, is the highest level of professional football league in mainland china. Guangzhou Evergrande introduced high level foreign players, employed high level coaches, constructed a professional club management mode, etc. As a result, it has ruled the CSL for several years, by the end of the season in 2017, it has achieved the champion in CSL for seven times, and twice Champion in the Asian Football Confederation (AFC) Champions League. Hoefler and Payne (2006) discussed the team efficiency of National Basketball Association (NBA) in 2001-2002 based on a stochastic frontier approach (SFA) Other studies, such like Yang et al (2014), Moreno et al (2014), Radovanovic et al (2014), etc., have made great contribution in this field. The performances of those football clubs are evaluated by a DEA model
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