Abstract
Purpose: Most literature studies have focused on direct treatment costs of injuries. This literature is extended to include the foregone playing time of players as an additional injury cost. Design/methodology/approach: The authors have reviewed the literature on the cost of players’ injuries to professional sports leagues and other organizations. Findings: The authors concluded that players’ injury costs are substantial and sufficiently variable to be a primary source of financial uncertainty for a team. Originality/value: This study's value has added risk pooling and league-wide revenue sharing as tools to mitigate the risk of injury costs. Previous literature reviews focused predominately on direct treatment costs.
Original language | English (US) |
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Pages (from-to) | 779-788 |
Number of pages | 10 |
Journal | Managerial Finance |
Volume | 47 |
Issue number | 6 |
DOIs | |
State | Published - 2020 |
Keywords
- Compensating risk differential pay
- Concussion
- Mortality risk
- Risk
- Sports finance
- Sports injury
- Uncertainty
ASJC Scopus subject areas
- Business, Management and Accounting (miscellaneous)
- Finance