Determining the Financial Efficiency of Mega Events

Murat Güldoğan; Ferhat İnce

Article Details

Determining the Financial Efficiency of Mega Events

Authors:

Murat Güldoğan | Ferhat İnce

Publisher:

Manisa Celal Bayar University

Main Topics:

Uluslararası Finans

Journal:

Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi Vol.22 Issue 2, pp.183-195

Document Type:

Article

Publication Date:

6/2024

Document Language:

English

Document ID (Org No.):

2001321377

pISSN:

1304-4796

Keywords:

Abstract:

 Mega events, providing prestige and economic contributions to host cities and countries, are of great importance in terms of internationalization. In addition to their extra advantages, these events must be organized efficiently for sustainable development. To the best of our knowledge, although some studies investigate the efficiency of countries participating in mega-events, no study concentrates on the efficiency of mega-events as an organization. Accordingly, this study examines the financial efficiency of each sub-event of three mega-events: the Summer Olympic Games, the Winter Olympic Games, and the FIFA Mens World Cup. In this context, the bootstrap DEA method was utilized. The findings revealed that almost all mega events were organized inefficiently. It is thought that addressing the efficiency levels of mega-events at the organizational scope might yield a new perspective for mega-event authorities and lead to new literature.

 Mega events, providing prestige and economic contributions to host cities and countries, are of great importance in terms of internationalization. In addition to their extra advantages, these events must be organized efficiently for sustainable development. To the best of our knowledge, although some studies investigate the efficiency of countries participating in mega-events, no study concentrates on the efficiency of mega-events as an organization. Accordingly, this study examines the financial efficiency of each sub-event of three mega-events: the Summer Olympic Games, the Winter Olympic Games, and the FIFA Mens World Cup. In this context, the bootstrap DEA method was utilized. The findings revealed that almost all mega events were organized inefficiently. It is thought that addressing the efficiency levels of mega-events at the organizational scope might yield a new perspective for mega-event authorities and lead to new literature.

 Mega events, providing prestige and economic contributions to host cities and countries, are of great importance in terms of internationalization. In addition to their extra advantages, these events must be organized efficiently for sustainable development. To the best of our knowledge, although some studies investigate the efficiency of countries participating in mega-events, no study concentrates on the efficiency of mega-events as an organization. Accordingly, this study examines the financial efficiency of each sub-event of three mega-events: the Summer Olympic Games, the Winter Olympic Games, and the FIFA Mens World Cup. In this context, the bootstrap DEA method was utilized. The findings revealed that almost all mega events were organized inefficiently. It is thought that addressing the efficiency levels of mega-events at the organizational scope might yield a new perspective for mega-event authorities and lead to new literature.

 Ev sahibi şehirlere ve ülkelere prestij ve ekonomik katkılar sağlayan mega etkinlikler, uluslararasılaşma açısından büyük önem taşımaktadır. Ekstra faydalarının yanı sıra sürdürülebilir kalkınma için bu etkinliklerin verimli bir şekilde organize edilmesi gerekmektedir. Bilindiği kadarıyla, her ne kadar bazı çalışmalar mega etkinliklere katılan ülkelerin etkinliğini araştırsa da hiçbir çalışma mega etkinliklerin bir organizasyon olarak etkinliğine odaklanmamaktadır. Bu bağlamda, bu çalışma Yaz Olimpiyat Oyunları, Kış Olimpiyat Oyunları ve FIFA Erkekler Dünya Kupası olmak üzere üç mega etkinliğin her bir alt etkinliğinin finansal etkinliğini araştırmaktadır. Bu bağlamda, bootstrap VZA yöntemi kullanılmıştır. Bulgular, neredeyse tüm mega etkinliklerin etkin olmayan bir şekilde organize edildiğini ortaya koymuştur. Mega etkinliklerin etkinlik düzeylerinin örgütsel kapsamda ele alınmasının mega-etkinlik otoriteleri için yeni bir bakış açısı sağlayabileceği ve yeni bir literatüre öncülük edebileceği düşünülmektedir.

Article Details

Determining the Financial Efficiency of Mega Events

Authors:

Murat Güldoğan | Ferhat İnce

Publisher:

Manisa Celal Bayar University

Main Topics:

Uluslararası Finans

Journal:

Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi Vol.22 Issue 2, pp.183-195

Document Type:

Article

Publication Date:

6/2024

Document Language:

English

Document ID (Org No.):

2001321377

pISSN:

1304-4796

Mega Event Management

Financial Efficiency

Data Envelopment Analysis

BootstrapMega Etkinlik Yönetimi

Finansal Etkinlik

Veri Zarflama Analizi

Bootstrap

Issues

Article Details

Authors: Murat Güldoğan | Ferhat İnce

Publisher: Manisa Celal Bayar University

Main Topics: Uluslararası Finans

Journal: Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi Vol.22 Issue 2, pp.183-195

Document Type: Article

Publication Date: 6/2024

Document Language: English

Document ID (Org No.): 2001321377

pISSN: 1304-4796

Issues

Authors:

Murat Güldoğan | Ferhat İnce

Publisher:

Manisa Celal Bayar University

Main Topics:

Uluslararası Finans

Journal:

Manisa Celal Bayar Üniversitesi Sosyal Bilimler Dergisi Vol.22 Issue 2, pp.183-195

Document Type:

Article

Publication Date:

6/2024

Document Language:

English

Document ID (Org No.):

2001321377

pISSN:

1304-4796