The Determinants of Prices of Fan Tokens as a New Sports Finance Tool

dc.contributor.authorÖget, Emrah
dc.contributor.authorKanat, Ersin
dc.contributor.authorKaya, Ferudun
dc.date.accessioned2024-09-25T20:18:12Z
dc.date.available2024-09-25T20:18:12Z
dc.date.issued2024
dc.departmentAbant İzzet Baysal Üniversitesien_US
dc.description.abstractIn the Covid-19 era, the income sources of sports clubs decreased, but the importance of fan tokens as new communication, management, and income source for sports clubs increased with Blockchain technology. For this reason, the relationships between fan token prices and club success, transaction volume, and attractiveness factors were examined and the important determinants of fan token prices were tried to be revealed. To determine the most suitable methods for panel data model, first of all, cross-section dependence, homogeneity, and unit root tests were carried out. Then the durbin test was performed and it was concluded that the variables were cointegrated. Finally, the coefficients were examined with the PMG/ARDL test and it was observed that the most important determinants of fan token prices were club success and transaction volume, respectively. While these factors affect fan token prices positively, the effect of the attractiveness factor is seen as less important and negative compared to other factors. In addition, in the error correction model established, the existence of a long-term equilibrium relationship between the variables was confirmed. It was concluded that the short-term deviations returned to the equilibrium after approximately 21 days.en_US
dc.identifier.doi10.21121/eab.1309596
dc.identifier.endpage232en_US
dc.identifier.issn1303-099X
dc.identifier.issn2651-3021
dc.identifier.issue2en_US
dc.identifier.startpage221en_US
dc.identifier.trdizinid1241923en_US
dc.identifier.urihttps://doi.org/10.21121/eab.1309596
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1241923
dc.identifier.urihttps://hdl.handle.net/20.500.12491/15526
dc.identifier.volume24en_US
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.relation.ispartofEge Akademik Bakışen_US
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmzYK_20240925en_US
dc.subjectFan tokenen_US
dc.subjectsports financeen_US
dc.subjectclub successen_US
dc.subjectgoogle trendsen_US
dc.subjecteuro club indexen_US
dc.titleThe Determinants of Prices of Fan Tokens as a New Sports Finance Toolen_US
dc.typeArticleen_US

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