Title

Hired to be Fired: The Publicity Value of Managers

Department

Economics, Finance and Quantitative Analysis

Document Type

Article

Publication Date

10-11-2016

Abstract

Sports teams frequently fire and hire managers when they experience losing. However, determining managerial responsibility for player performance is difficult to measure. This study examines how major-league baseball players perform under different managers and estimates that managers have little effect on performance. The study further investigates whether or not replacing managers serves as a signal to fans that the team is improving, which boosts attendance. The results indicate that new managers were associated with increased attendance in the 2000s; however, such effects were not present in the 1980s and 1990s.

Journal

Managerial and Decision Economics

Journal ISSN

0143-6570

Digital Object Identifier (DOI)

10.1002/mde.2834