Abstract
https://doi.org/10.58984/smb2503067l
This empirical study relationship between financial markets and the overall performance of sports companies in Algeria. The research employs various standard econometric methodologies to estimate the impact of financial market dynamics on the financial outcomes of sports enterprises. The methodology begins with Ordinary Least Squares (OLS) regression analysis incorporating control variables and robust standard errors to address potential heteroscedasticity issues. Subsequently, two- way fixed-effects models are utilized to capture time-invariant characteristics spe- cific to sports companies in Algeria and financial market conditions. Clustered stan- dard errors at the company level are employed throughout all fixed-effects models to ensure reliable statistical significance tests and account for within-group co- rrelation. The empirical present economic model that highlights the statistical and economic significance of financial market variables in shaping the performance tra- jectories of sports companies in Algeria. The results demonstrate that financial mar- ket conditions, including market volatility, liquidity, play a crucial role in determining the financial success.
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