Transparency in European football : A study of financial disclosure transparency from a supporter perspective
Data(s) |
2016
|
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Resumo |
Background and Problem: Despite the exploding increase in revenue by more than 500 percent (1996-2014) among European football clubs, the operating profit in the “big five” leagues are, paradoxically, inexistent or very low. Hence, there is a need for more transparent financial reporting in European football. To preserve the game’s well-being and establish a sustainable future, UEFA introduced Financial Fair Play (FFP) back in 2010 as a part of their club licensing requirements. The transparency that FFP is intended to improve is however only disclosed to UEFA and its member associations, which is only one of many stakeholders. In times of financial turmoil in European football clubs, where fair play and sustainability is frequently discussed since the implementation of FFP, one could ask; is it really fair play that not all European football clubs are obligated to be transparent towards all their stakeholders and supporters? Purpose: The purpose of this thesis is to, from a supporter perspective, look at how transparent European football clubs’ financial disclosure is. Methodology: The research has elements of both a deductive and an inductive approach and uses a disclosure checklist with a cross-sectional design, in order to measure disclosure transparency. Empirical Results and Conclusion: Even though the empirical findings proved that financial reporting transparency are present within European football, the conclusion is that the financial reporting is generally not transparent within the industry. |
Formato |
application/pdf |
Identificador | |
Idioma(s) |
eng |
Publicador |
Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Företagsekonomi Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Företagsekonomi |
Direitos |
info:eu-repo/semantics/openAccess |
Tipo |
Student thesis info:eu-repo/semantics/bachelorThesis text |