Relação entre desempenho financeiro e esportivo dos clubes de futebol brasileiros

Abstract

Soccer, in addition to being practiced worldwide, moves high levels of resources, increasing the need for financial information of organizations. Since the Law n. 15.155/15, which regulates practices of responsibility of these entities, obligations have arisen over of financial statements. Even so, there is a lack of economic research allied to Brazilian soccer, motivating this study. In this perspective, the research aimed to analyze relationships between sportive and financial performance indicators of Brazilian soccer clubs. The sample is composed for 20 clubs of 2016 Brazilian Championship Series A, using data from 2011 to 2015, with quantitative approach. To achieve the research objectives, it has been used descriptive and correlation analysis. The results pointed the financial variables that presented statistically significative correlations with CBF’s ranking position: revenue for disputed points, revenue for athletes, intangible assets percentage and size, being this the most stronger relationship identified, indicating that club size is the factor most linked to a good ranking position. For other side, the achievement of disputed points did not show significative relationship with financial variables. Thus, it allows to conclude that clubs present better financial performance when the sportive focus is linked to comparative position, and not for searching the maximus of possible performance. This work contributes in the direction to expand discussions about soccer and finance, proposing new performance indicators, and recommendations to club managers.