An Option Pricing Framework for Valuation of Football Players

Tunaru, Radu and Clark, Ephraim and Viney, Howard P. (2005) An Option Pricing Framework for Valuation of Football Players. Review of Financial Economics, 14 (3-4). pp. 281-295. (The full text of this publication is not available from this repository)

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Official URL
http://dx.doi.org/doi:10.1016/j.rfe.2004.11.002

Abstract

In this paper we develop a contingent claims framework for determining the financial value of professional football players. Contingent claims style modelling is used to develop two models. The pricing of football players is based on a performance index such as the Carling Opta Index. Unexpected events such as injuries are included into the models as Poisson jump processes. The value of a player varies from club to club, depending on club turnover and the total number of performance points generated by the entire team.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculties > Social Sciences > Kent Business School > Accounting and Finance
Depositing User: Jennifer Knapp
Date Deposited: 19 Jul 2010 10:56
Last Modified: 10 Jun 2014 10:55
Resource URI: http://kar.kent.ac.uk/id/eprint/25107 (The current URI for this page, for reference purposes)
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