Pengaruh Kinerja Keuangan dan Kinerja Olahraga terhadap Harga Saham Klub Sepakbola

Effect of Financial Performance and Sports Performance on Stock Prices Football Clubs

Studi ini mengukur apakah kinerja keuangan dan olahraga klub sepak bola berpengaruh terhadap harga saham. Kinerja keuangan dapat diukur melalui beberapa metode, salah satu pengukuran kinerja keuangan yaitu memakai analisis rasio. Studi ini melakukan pengamatan kinerja keuangan klub sepakbola di Eropa yang juga menjual sahamnya di pasar modal seperti London Stock Exchange, Borsa Italiana, dan Xetra. Metode penelitian dengan pendekatan kuantitatif digunakan pada studi ini. Kinerja olahraga diukur melalui jumlah kemenangan, kekalahan maupun seri pertandingan. Terdapat 18 klub sepakbola yang diamati dalam studi ini. Model analisis pengaruh kinerja keuangan dan olahraga terhadap harga saham klub sepakbola menggunakan analisis regresi linear sederhana. Kami menemukan keunikan pada penelitian ini bahwa kinerja keuangan sepakbola lebih berpengaruh substansial pada harga saham klub sepakbola.

This study measures whether the financial and sports performance of a football club has an effect on stock prices. Financial performance can be measured through several methods, one of which is the measurement of financial performance using ratio analysis. This study observes the financial performance of football clubs in Europe who also sell their shares in capital markets such as the London Stock Exchange, Borsa Italiana, and Xetra. Research methods with quantitative approaches are used in this study. Sports performance is measured by the number of wins, losses and match series. There were 18 soccer clubs observed in this study. A simple linear regression analysis model is used to see the effect of financial and sports performance on soccer club stock prices. We find it unique in this study that the financial performance of football has a more substantial effect on the stock prices of football clubs.