a column by Ariela Caglio, Sébastien Laffitte, Donato Masciandaro and Gianmarco Ottaviano for VOX: CEPR’s Policy Portal
One of the most important challenges of globalisation is to adapt regulations to new conditions imposed by global competition. This column argues that the introduction by UEFA of its Financial Fair Play regulations, with their break-even requirements for European football clubs, represents an exemplary case of how a change of accounting measurement rules motivated by international competition in the sports entertainment industry can shape businesses’ decisions by redefining their preferences and incentives towards better economic performance.
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Labels:
UEFA, football, Financial_Fair_Play,
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