Sports Finance

The use of sport as an empirical setting to study different organizational and economic phenomena is continuously increasing (Day et al. 2012; Kahn 2000; Wolfe et al. 2005). Specifically in the finance literature sports have been used to examine market efficiency (e.g. Edmans et al. 2007; Golec & Tamarkin 1991; Gray & Gray 1997 Woodland & Woodland 1997) the financing of sports facilities (Baade & Matheson 2006; Coates & Humphreys 2003; Rebeggiani 2006) and mega events (Madden 2006). In addition sports have many unique qualities which contribute to an industry generating revenues estimated between 44 and 60 billion dollars in the United States (Humphreys & Ruseski 2009). The study of sports has emerged both as an academic major and as a field of research with sports financing being one of the main areas of scholarship in the field of research. Thus the primary goal of this Special Issue will highlight sports activities as an empirical setting for understanding financial phenomena and will highlight sports unique financial idiosyncratic characteristics. Topics in this Special Issue can include but are not limited to non-profit sports clubs mega events financial issues related to stadiums and arenas amateur and professional sports leagues and teams and gambling markets including sports betting lotteries and other games of chance.