What are the benefits of hosting a sporting mega event? Evidence from industrial firms in China

Hayduk, T. and Rewilak, J. ORCID: 0000-0001-5337-8873, 2022. What are the benefits of hosting a sporting mega event? Evidence from industrial firms in China. Journal of Sport Management, 36 (2), pp. 118-129. ISSN 0888-4773

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Abstract

It is acknowledged that the economic benefits of hosting a sporting mega event (SME) are overestimated and/or short-lived. However, many studies neglect the impact of the industrial sector, preferring to focus on service sector activity. It is further claimed that hosting a SME funnels a nation's resources into one specific region at the expense of others. Therefore, this paper empirically investigates whether industrial firms in Beijing disproportionately (a) increased their invested capital ahead of the 2008 Olympic Games, and (b) became more profitable after the Games, relative to similar firms from comparable Chinese non-host cities. Using a difference-in-difference estimation strategy, we find no disproportionate impact of the Olympic Games on Beijing firms' invested capital or profitability.

Item Type: Journal article
Alternative Title: Mega events and industrial firms
Publication Title: Journal of Sport Management
Creators: Hayduk, T. and Rewilak, J.
Publisher: Human Kinetics
Date: 1 March 2022
Volume: 36
Number: 2
ISSN: 0888-4773
Identifiers:
NumberType
10.1123/jsm.2020-0270DOI
1564130Other
Divisions: Schools > School of Science and Technology
Record created by: Linda Sullivan
Date Added: 14 Jul 2022 08:53
Last Modified: 14 Jul 2022 08:53
URI: http://irep.ntu.ac.uk/id/eprint/46595

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