The Relationship between Player Characteristics, Team Characteristics and Athletes’ Remuneration: An Advanced Empirical Study of Asian and US Professional Baseball Leagues ()
ABSTRACT
This paper studies factors
that determine salary among professional baseball players in the Asian (Japan,KoreaandTaiwan)
and US. Empirical results show that US baseball players are the highest paid
and those in Taiwan receive the lowest salary, with a large difference of 75
times. Experience, age, education and other variables, as well as population of
teams’ home cities are influential. Whether or not a player transfers to other
teams, their health conditions (measured as BMI) and other variables
significantly affect salary, and there is no significant variance arising from different management
environments in different countries. Although team age and player salary are
correlated significantly in the three countries, the correlation is positive in
the US and negative in Asian (Japan, Korea and Taiwan). However, their health
conditions (measured as BMI), training, education and population of teams’ home
cities have insignificantly correlation with the total salary from multi-year
contracts.
Share and Cite:
Liu, Z. , Zong, B. , Wang, Y. and Zhang, X. (2017) The Relationship between Player Characteristics, Team Characteristics and Athletes’ Remuneration: An Advanced Empirical Study of Asian and US Professional Baseball Leagues.
Modern Economy,
8, 865-877. doi:
10.4236/me.2017.87060.