04012ntm a22005177i 4500 000698342 CZ-PrVSE 20230618075638.0 m d cr n|||||||||| 230618s2023 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Laxa, Jan ISIS:140497 dis Cesta za vítězstvím : analýza preferencí vlastníků anglických fotbalových klubů eng In Pursuit of Trophies : Analysis of English Football Club Owners’ Objectives Jan Laxa 2023 ?? stran : digital, PDF soubor Vedoucí práce: Vojtěch Kotrba Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Národohospodářská fakulta, 2023 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2023 This thesis develops a model framework for analysis of Premier League owners’ incentives and by applying a balanced panel dataset for 2020/2021 Premier League clubs between seasons 2001/2002 and 2020/2021 it approximates the value of the owners’ willingness to stay in the market despite recurring stated accounting losses. It operates with the clubs’ net valuation estimates calculated using data from clubs’ annual financial statements published by the Companies House, match statistics data from Livesport, player valuation estimates from Transfermarkt, Google Trends search popularity data, and other relevant economic time series for the United Kingdom. All monetary variables were expressed in real terms. Using Random effects panel data model, it finds significant explanatory variables for changes in clubs’ net valuations. Findings are then used to derive implications for year-on-year and total changes in owners’ utility during the selected timeframe. Thesis supports other literature as it finds that on average for Premier League as a whole, clubs do operate with respect to net valuation break-even constraint. However, on individual basis, clubs were found either increasing or decreasing their initial 2001/2002 net valuation. It was also found that clubs were operating on threshold for inversed parabolic relationship between total change in net valuation and total number of trophies won during the studied time, thus supporting the win-maximization assumption. Finally, 11 Premier League clubs have been found to provide an economic profit to their owners accounted for owners’ investment opportunity costs. For these owners, utility has been found to have increased regardless of other ownership benefits, thus the minimum value assigned to the non-monetary benefits of club ownership was set to zero. For the rest, minimum non-zero value of all non-measurable non-monetary benefits coming from owning the club was calculated to satisfy the Austrian notion of demonstrated preferences. Způsob přístupu: Internet ekonomie [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas football club owners objective function Premier League win maximization Kotrba, Vojtěch ISIS:92229 ths Chytilová, Helena ntk2018979754 opn Vysoká škola ekonomická v Praze. Národohospodářská fakulta kn20010709401 dgg https://insis.vse.cz/zp/82667/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/82667 Hlavní práce https://insis.vse.cz/zp/82667/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/82667/posudek/oponent/78868 Oponentura https://insis.vse.cz/zp/82667/podrobnosti dc:identifier NEPOSILAT VSKP vse82667 230613 82667