119607 20240705134137.0 doi 10.1108/SBM-05-2021-0060 sideral 129204 ART-2023-129204 eng Serrano, R. Universidad de Zaragoza (orcid)0000-0003-2911-8937 Financial fair play and competitive balance in European football: a long term perspective 2023 Access copy available to the general public Unrestricted Purpose: The paper analyzes the effects of financial fair play (FFP) in the competitive balance of European football industry throughout a long-term perspective. Design/methodology/approach: The authors analyze the evolution of the competitive balance in the European football industry through a time-series analysis from season 1992/93 to 2018/19. Findings: Results indicate an industry by nature dominated by a few clubs showing a general stationary behavior. FFP has had very little impact in local competitions. Just in some leagues, such as the Spanish, German, and French leagues, we can observe an increase in the imbalance in some indicators, but these results are not very robust. The improvement on the financial situation happens especially in a small group of firms that coincide with the big leagues with a strong European market orientation and strict local financial control standards. Research limitations/implications: Although the study covered 17 European Leagues, there are several leagues not accounted for and thus results should be generalized with caution. Practicalimplications – Theauthors observe heterogeneity of the results of FFP in the competitive balance, associated to how the standard has been implemented in each market. This opens opportunities to study and deepen the local codes and their influence, especially in the recommendations of future financial control standards. Originality/value – The authors’ main contribution to the literatureis to examine the impact of the FFP rules in the competitive balance utilizing a very broad study of 17 European markets with a rich and unusual overview and long-term perspective. info:eu-repo/grantAgreement/ES/DGA-FEDER/S52-20R info:eu-repo/semantics/openAccess by-nc http://creativecommons.org/licenses/by-nc/3.0/es/ 0.399 2023 Business and International Management 2023 Q3 Tourism, Leisure and Hospitality Management 2023 Q3 Strategy and Management 2023 Q3 Marketing 2023 Q3 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Acero, I. Universidad de Zaragoza (orcid)0000-0001-5068-8438 Farquhar, S. Espitia Escuer, M. A. Universidad de Zaragoza (orcid)0000-0002-8496-5656 4012 650 Universidad de Zaragoza Dpto. Direcc.Organiza.Empresas Área Organización de Empresas 13, 1 (2023), 74-92 Sports, Business and Management 2042-6798 524934 http://zaguan.unizar.es/record/119607/files/texto_completo.pdf Postprint 1708765 http://zaguan.unizar.es/record/119607/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:119607 articulos driver 2024-07-05-12:45:54 ARTICLE