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Contribution Details
| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Overshadowed by popularity: The value of second-tier stars in European football |
| Organization Unit | |
| Authors |
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| Language |
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| Institution | University of Zurich |
| Series Name | UZH Business Working Paper Series |
| Number | 397 |
| ISSN | 2296-0422 |
| Number of Pages | 39 |
| Date | 2022 |
| Abstract Text | Superstars in European football are exceptionally talented and enjoy celebrity status. While second-tier stars, i.e., players barely below superstar status, lack popularity, their marginal contribution to team performance on the pitch relative to that of superstars is unknown. Relying on league-specific preseason market value distributions to define superstars and second-tier stars, we compare the marginal contributions of superstars and second-tier stars to team performance on the pitch in the top five European football leagues. Examining the impact of unexpected injury-related absences, we find that second-tier stars’ marginal contribution is at least equal to that of superstars. Thus, European football players with the highest market values do not outperform second-tier stars in terms of their marginal contributions to team performance on the pitch. These findings have important implications for football managers, as the players with arguably the highest costs for clubs do not contribute accordingly to short-run sportive success. |
| Free access at | Official URL |
| Official URL | https://www.business.uzh.ch/de/research/wps.html |
| Related URLs | |
| Digital Object Identifier | 10.2139/ssrn.4310416 |
| Other Identification Number | merlin-id:23256 |
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| Keywords | Superstars, second-tier stars, marginal contribution, team performance, football |