News Column

New Findings from University of Maryland in Sport Finance Provides New Insights

February 22, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Investigators publish new report on Sport Finance. According to news reporting originating from Baltimore, Maryland, by VerticalNews correspondents, research stated, "This paper investigates the effects of the recent economic crisis on Major League Baseball (MLB) attendance during the 2008 and 2009 seasons, adopting the composite index of coincident indicators released by the Federal Reserve Bank of Philadelphia to capture the impact of economic circumstances."

Our news editors obtained a quote from the research from the University of Maryland, "Major advantages of the coincident indexes are the ability to specify monthly changes in state economic conditions, as well as combining the information from several economic indicators. The estimates for the coincident indicators suggest the economic downturn drove a fall in attendance of about 6.5%, compared to the reported decline of 6.77%."

According to the news editors, the research concluded: "The success of the composite index in explaining the impact of the recent economic crisis on attendance in MLB suggests the indicator is a viable proxy for income in game attendance demand studies."

For more information on this research see: An Examination of the Effects of the Recent Economic Crisis on Major League Baseball Attendance Demand. International Journal of Sport Finance, 2013;8(2):140-156. International Journal of Sport Finance can be contacted at: Fitness Information Technology, West Virginia University, 262 Coliseum, Wvu-Pe, PO Box 6116, Morgantown, WV 26506-6116, USA.

The news editors report that additional information may be obtained by contacting S. Hong, University of Maryland, Baltimore, MD 21228, United States. Additional authors for this research include M. Mondello and D. Coates.

Keywords for this news article include: Maryland, Baltimore, United States, Sport Finance, North and Central America

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Source: Investment Weekly News


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