FINANCIAL THEORY AND PAULO REIS MOURÃO, CÉSAR COSTA CIMA: PRACTICE WHAT MAKES NON PROFIT SOCCER TEAMS RUN? A PANEL DATA APPROACH USING A SAMPLE OF - 199 36 (2) 199-220 (2012) BRAGA TEAMS * * ** 4 O Ã
[email protected] Received: July 1, 2011 The authors are indebted to three anonymous referees who provided valuable suggestions on a previous soccer teams run? teams soccer kindly provided some of the data used in this research. doi: 10.3326/fintp.36.2. doi: Master Course on Social Economics, University of Minho, Alvaro Rua Dória nº45 6ºesquerdo, 4700 Braga, Portugal Paulo Reis MOUR Department of Economics, Economics & Management School, University of Minho, Rua Alvaro Dória nº45 Dória Alvaro Rua Minho, of University School, Management & Economics Economics, of Department César Costa CIMA e-mail: e-mail:
[email protected] CÉSAR COSTA CIMA, Bachelor CÉSAR COSTA Preliminary communication Preliminary UDC: 336 UDC: version of this paper. They are also indebted to Jorge Monteiro (AFB, Associaçao de Futebol de Braga) who Monteiro (AFB, They are also indebted to Jorge version of this paper. 6ºesquerdo, 4700 Braga, Portugal Accepted: November 24, 2011 using a sample of Braga Braga of sample a using PAULO REIS MOURÃO, PhD PAULO JEL: L31, L83, O18 L83, L31, JEL: teams ** * A panel data approach data panel A What makes non-profit non-profit makes What - - - - - - - - e role of specific determinants of the competitiveness the of determinants specific of role e tionship between socioeconomic development and soccer teams soccer and development socioeconomic between tionship INTRODUCTION rature related to factors involved in the competitiveness of professional th analyzes 3 Section teams.