Abstract
Companies continuously produce an economic and a
meta-economic performance, i.e. the company’s ability to
achieve social and environmental objectives,
competitiveness, and so on. When examining deals that
occur in some industries, the meta-economic impact
seems to be particulary important, and it sometimes leads
to enterprise values which diverge substantially from the
value of capital that is implicit in the economic
fundamentals.Our paper examines a number of recent
deals in the football industry in Europe, and it suggests
that: a) the meta-economic performance is significantly
high in the football industry, where positive enterprise
values co-exist with poor or feeble financial and economic
results of the company acquired; b) turnover can be used
as a preliminary proxy, in the above mentioned industry,
for highlighting the meta-economic performance
Lingua originale | Inglese |
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pagine (da-a) | 1-12 |
Numero di pagine | 12 |
Rivista | JOURNAL OF BUSINESS AND POLICY RESEARCH |
Volume | 4 |
Stato di pubblicazione | Pubblicato - 1 gen 2009 |