Association between evergrande FC's club debt and Chinese super league's profitability from 2014 to 2019

ABSTRACT:

Purpose

This study examined the role of Evergrande FC's club debt on the Chinese Super League (CSL)'s profitability from 2014 to 2019.

Methods

We extracted the financial statements of Evergrande FC and evaluated its correlation with the profitability of CSL and Evergrande Group, which serves as a direct indicator of commercial growth.

Results

The association between Evergrande FC's net loss and gross debt and CSL's profitability is positive, strong (all correlation coefficients > .89), and statistically significant (all p < .05). The association between Evergrande FC's net asset value and CSL's profitability is negative, strong (correlation coefficient = −.97), and statistically significant (p < .05).

Conclusion

These data imply that there is a good like

SUBMITTER: Liu Z 

PROVIDER: S-EPMC10009254 | biostudies-literature | 2023 Jan

REPOSITORIES: biostudies-literature