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Individual efficiency and club performance: a panel analysis of professional baseball
Author(s) -
Jane WenJhan,
Kong WeiHsin,
Wang YiHsiue
Publication year - 2010
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.1497
Subject(s) - club , league , stochastic frontier analysis , frontier , panel data , economics , business , econometrics , microeconomics , political science , medicine , physics , astronomy , production (economics) , law , anatomy
This paper investigates whether players' individual‐ and club‐level efficiency has substantial impact on club performance in the Chinese Professional Baseball League (CPBL). Using data from 1990 to 2000, and a stochastic frontier model, we propose a different way to measure club‐level efficiency. Our empirical results indicate that club‐level efficiency is crucial to club performance, measured by the winning percentage. Although the literature shows that some inefficient clubs with abundant resources are still very successful on the diamond, our results confirm that club‐level efficiency has a moderate impact on the success of a baseball club in the CPBL. Copyright © 2010 John Wiley & Sons, Ltd.