This page has only limited features, please log in for full access.
This study reviews the impact of the Spanish Transparency Law (TL) 19/2013 and the Union of European Football Associations’ (UEFA) Financial Fair Play (FFP) regulations, on the transparency and accountability of Spanish professional football clubs, and examines the influence of financial performance on the transparency of Spanish football clubs. The study uses a Panel Data methodology (FGLS) to compare the international transparency index for football clubs (INFUT) with the criteria of UEFA’s FFP as a measure of the social and financial performance, respectively, on a sample of 28 Spanish professional teams of first and second division during the periods of 2015, 2016, and 2019. The study reveals that the implementation of TL 19/2013 and UEFA’s FFP has improved the transparency and accountability of clubs. On the one hand, the TL has facilitated access to financial information, and, on the other, the FFP regulations have contributed to improving the balance and financial viability of the clubs. The study also reveals that financial performance directly influences the transparency of clubs.
Rudemarlyn Urdaneta; Juan Guevara-Pérez; Fernando Llena-Macarulla; José Moneva. Transparency and Accountability in Sports: Measuring the Social and Financial Performance of Spanish Professional Football. Sustainability 2021, 13, 8663 .
AMA StyleRudemarlyn Urdaneta, Juan Guevara-Pérez, Fernando Llena-Macarulla, José Moneva. Transparency and Accountability in Sports: Measuring the Social and Financial Performance of Spanish Professional Football. Sustainability. 2021; 13 (15):8663.
Chicago/Turabian StyleRudemarlyn Urdaneta; Juan Guevara-Pérez; Fernando Llena-Macarulla; José Moneva. 2021. "Transparency and Accountability in Sports: Measuring the Social and Financial Performance of Spanish Professional Football." Sustainability 13, no. 15: 8663.
The objective of this study is to analyze, from a multi-theoretical framework, whether the managers of the Spanish National Sports Federations (NSFs) apply earnings management using accounting accruals as a measure of managerial discretion; secondly, whether these practices are associated with both the level of dependence on external resources, and the economic and financial control mechanisms exercised by the Superior Sports Council (Consejo Superior de Deportes, CSD) for the granting of public subsidies. The study provides evidence that long-term debt levels and the size of sports federations are determinants of earnings management, with a more accentuated relationship in the case of Olympic and Paralympic sports federations.
Juan Guevara; Emilio Martín; María Arcas. Financial Sustainability and Earnings Management in the Spanish Sports Federations: A Multi-Theoretical Approach. Sustainability 2021, 13, 2099 .
AMA StyleJuan Guevara, Emilio Martín, María Arcas. Financial Sustainability and Earnings Management in the Spanish Sports Federations: A Multi-Theoretical Approach. Sustainability. 2021; 13 (4):2099.
Chicago/Turabian StyleJuan Guevara; Emilio Martín; María Arcas. 2021. "Financial Sustainability and Earnings Management in the Spanish Sports Federations: A Multi-Theoretical Approach." Sustainability 13, no. 4: 2099.