TY - JOUR
T1 - Empirical Evidence of Stakeholder Management in Sports Clubs
T2 - The Impact of the Board of Directors
AU - Esteve, Marc
AU - Di Lorenzo, Francesco
AU - Inglés, Eduard
AU - Puig, Núria
N1 - Funding Information:
Research for this article was carried out as part of a project of the Observatori Català de l’Esport financed by the Secretaria General de l’Esport de la Generalitat de Catalunya. The authors are grateful for helpful comments from the Editors, and from two anonymous reviewers.
PY - 2011/10
Y1 - 2011/10
N2 - A major challenge for non-profit sports organizations is how to raise resources from their stakeholders. The present article empirically assesses how the management of stakeholders can affect the resources raised by non-profit sports organizations. The moderating effect of particular characteristics of the Board of Directors is also considered. Evidence is obtained by surveying a large sample of sports clubs from Catalonia, Spain. Results indicate how the quality of relations between sports clubs and their external stakeholders relate positively to the financial and non-financial contributions of stakeholders. A club's financial resources are also positively linked to the amount of time its Board of Directors is willing to invest. Our results represent a major contribution to the management of sports clubs, demonstrating that sports organizations should prioritize the management of their external stakeholders.
AB - A major challenge for non-profit sports organizations is how to raise resources from their stakeholders. The present article empirically assesses how the management of stakeholders can affect the resources raised by non-profit sports organizations. The moderating effect of particular characteristics of the Board of Directors is also considered. Evidence is obtained by surveying a large sample of sports clubs from Catalonia, Spain. Results indicate how the quality of relations between sports clubs and their external stakeholders relate positively to the financial and non-financial contributions of stakeholders. A club's financial resources are also positively linked to the amount of time its Board of Directors is willing to invest. Our results represent a major contribution to the management of sports clubs, demonstrating that sports organizations should prioritize the management of their external stakeholders.
KW - Stakeholder's management
KW - board of directors
KW - non-for-profit sports organizations
KW - upper echelons theory
UR - http://www.scopus.com/inward/record.url?scp=84855952142&partnerID=8YFLogxK
U2 - 10.1080/16184742.2011.599210
DO - 10.1080/16184742.2011.599210
M3 - Article
AN - SCOPUS:84855952142
SN - 1618-4742
VL - 11
SP - 423
EP - 440
JO - European Sport Management Quarterly
JF - European Sport Management Quarterly
IS - 4
ER -