Valueing elite sport success using the contingent valuation method: a transnational study

Hiroaki Funahashi (First author), Veerle de Bosscher, Bake Dijk, Simon Shibli, Popi Sotiriadou, Jarmo Mäkinen

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

This study presents an application of the contingent valuation method for valuing medal winning success on a transnational basis to test whether more medals won equates to more utility. To achieve this aim, a research project was set up in five countries: Belgium, Finland, Japan, the Netherlands, and the United Kingdom. Respondents were asked to state their willingness to pay to avoid a large-scale reduction in government funding for elite sport, resulting in a 50% reduction in medals won at the Tokyo 2020 Olympics. Results show that willingness to pay for avoiding reduced medal winning performance differs significantly between countries with the more successful countries reporting higher willingness to pay values than the relatively less successful countries. This finding indicates that more medals won appears to be linked with more utility. The validity tests on the regression models were generally consistent with the theoretical expectations. Implications are discussed in terms of how governments can promote elite sport development while being conscious of the public's acceptability of such investment.
Translated title of the contributionHet waarderen van topsportsucces met behulp van de contingentie methode: een vergelijking tussen landen
Original languageEnglish
Pages (from-to)548-562
JournalSport Management Review
Volume23
Issue number3
DOIs
Publication statusPublished - 1 Jun 2020

Keywords

  • sport

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