Insolvency in Brazilian Football Clubs: Proposition of Models Based on Neural Networks
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| Format: | Artículo científico |
| Sprache: | en |
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FUCAPE Business School
2021
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| _version_ | 1876435826094637056 |
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| author | Fábio Minatto |
| author_facet | Fábio Minatto |
| contents | Insolvency in Brazilian Football Clubs: Proposition of Models Based on Neural Networks Fábio Minatto José Alonso Borba Administración y Contabilidad Insolvency Neural Networks Brazilian Football Clubs The literature underlines that football clubs face financial problems, which can lead to insolvency. Existing models seek to predict insolvency for organizations in different sectors, but only recently have they been developed for European clubs. Thus, this study proposes insolvency prediction models for Brazilian football clubs. Based on the ranking elaborated by the Brazilian Football Confederation, we analyzed 35 football clubs that published their complete financial statements from 2011 to 2018. Financial and sports indicators were considered in the development of our neural network-based models. Results indicated that the variables immediate liquidity, net working capital, asset turnover, and sports performance in the Brazilian Championship were significant for predicting insolvency in at least one of the developed models. This study contributes to the literature on football clubs’ insolvency by proposing accurate predictive models based on financial and sporting indicators. 2021 artículo científico 1807-734X https://www.redalyc.org/articulo.oa?id=123069850002 https://www.redalyc.org/journal/1230/123069850002/ https://www.redalyc.org/journal/1230/123069850002/html/ https://www.redalyc.org/journal/1230/123069850002/123069850002.epub https://www.redalyc.org/journal/1230/123069850002/movil 10.15728/bbr.2021.18.6.2 en http://www.redalyc.org/revista.oa?id=1230 BBR - Brazilian Business Review application/pdf FUCAPE Business School BBR - Brazilian Business Review (Brasil) Num.6 Vol.18 |
| format | Artículo científico |
| id | redalyc_123069850002 |
| institution | Redalyc |
| language | en |
| publishDate | 2021 |
| publisher | FUCAPE Business School |
| spellingShingle | Insolvency in Brazilian Football Clubs: Proposition of Models Based on Neural Networks Fábio Minatto Administración y Contabilidad Insolvency Neural Networks Brazilian Football Clubs Insolvency in Brazilian Football Clubs: Proposition of Models Based on Neural Networks Fábio Minatto José Alonso Borba Administración y Contabilidad Insolvency Neural Networks Brazilian Football Clubs The literature underlines that football clubs face financial problems, which can lead to insolvency. Existing models seek to predict insolvency for organizations in different sectors, but only recently have they been developed for European clubs. Thus, this study proposes insolvency prediction models for Brazilian football clubs. Based on the ranking elaborated by the Brazilian Football Confederation, we analyzed 35 football clubs that published their complete financial statements from 2011 to 2018. Financial and sports indicators were considered in the development of our neural network-based models. Results indicated that the variables immediate liquidity, net working capital, asset turnover, and sports performance in the Brazilian Championship were significant for predicting insolvency in at least one of the developed models. This study contributes to the literature on football clubs’ insolvency by proposing accurate predictive models based on financial and sporting indicators. 2021 artículo científico 1807-734X https://www.redalyc.org/articulo.oa?id=123069850002 https://www.redalyc.org/journal/1230/123069850002/ https://www.redalyc.org/journal/1230/123069850002/html/ https://www.redalyc.org/journal/1230/123069850002/123069850002.epub https://www.redalyc.org/journal/1230/123069850002/movil 10.15728/bbr.2021.18.6.2 en http://www.redalyc.org/revista.oa?id=1230 BBR - Brazilian Business Review application/pdf FUCAPE Business School BBR - Brazilian Business Review (Brasil) Num.6 Vol.18 |
| title | Insolvency in Brazilian Football Clubs: Proposition of Models Based on Neural Networks |
| topic | Administración y Contabilidad Insolvency Neural Networks Brazilian Football Clubs |
| url | https://www.redalyc.org/articulo.oa?id=123069850002 https://www.redalyc.org/journal/1230/123069850002/ https://www.redalyc.org/journal/1230/123069850002/html/ https://www.redalyc.org/journal/1230/123069850002/123069850002.epub https://www.redalyc.org/journal/1230/123069850002/movil |