The impact of ownership political ideology on firm performance: evidence from major league baseball (MLB) franchises

Hayduk, Ted

doi:10.1080/19406940.2020.1857423

Cited by 4 publications

(3 citation statements)

References 63 publications

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“…Overall, the baseline league differences in donation amount and partisanship among owners in the sample also suggests that the findings gleaned in the extant work on team ownership and political donations (i.e., Hayduk 2021 a, 2021 b) may not generalize to all leagues. Donations from MLB owners exhibited similar patters as donations from NFL owners in terms of amount and partisanship; thus the NFL might offer the most—but perhaps only—logical generalization for this work.…”

Section: Discussionmentioning

confidence: 92%

“…The structural link (in the form of quid-pro-quo donations; QPQ) across campaign levels is likely stronger at the local/regional level than at the national/presidential level. But, it is important to remember that such a structural link might be sufficient to describe the propensity of an owner to donate to a campaign, but is not necessary if we take political donations as a proxy for ideology, which has been the focus of previous research (Christensen et al 2015 ; Hong and Kostovetsky 2012 ; Hutton et al 2014 ; Hayduk 2021 a, 2021 b). While QPQ donations might not offer a structural explanation of presidential campaign donations, the Executive branch does have oversight of policy areas relevant to individual firms and their owners, such as personal income and business taxation, trade regulations, and fiscal/monetary policy.…”

Section: Empirical Approachmentioning

confidence: 99%

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Association membership, election cycles, and political donation patterns

Hayduk

2022

Econ Gov

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There is increasing attention on the intersection of sports and politics, with a particular focus on tying owners’ political donations to organization-level outcomes. However, the extant research leverages within-league panels of donations over time, so we know little about inter-league heterogeneities of political donations. Furthermore, extant work does not explicitly investigate the effect of election cycles on owners’ donation patterns. These limitations create questions about the generalizability and model robustness of current research. This paper analyzes N = 2,789 donations made by 158 team owners across six professional sport leagues during the 2016, 2018, and 2020 election cycles. Models suggest that donations from WNBA owners were significantly smaller and went to more progressive recipients on average than donations from owners in other leagues. Results also suggest that donations from WNBA, NASCAR, and NHL owners became significantly more moderate during presidential election cycles than during the midterm election cycle. Implications for future research are discussed.

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Section: Discussionmentioning

confidence: 92%

Section: Empirical Approachmentioning

confidence: 99%

Association membership, election cycles, and political donation patterns

Hayduk

2022

Econ Gov

Self Cite

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“…The decisions they make can impact numerous civic issues through their team's activities including outcomes regarding public subsidy expenditures (sport facilities/stadium finance) (Swindell and Rosentraub, 1998 ; Jones, 2001 ), securing government and community support for urban planning and design projects (Chanayil, 2002 ; Friedman and Mason, 2004 ; Mason et al, 2017 ; O'Reilly, 2019 ), and social/community impact (Babiak and Wolfe, 2009 ; Sheth and Babiak, 2010 ). Furthermore, decisions made by team owners are often critical to the team's performance in the front office and on the field (for example, in decision making around hiring senior executive leadership (Audas et al, 2002 ), drafting talent and player salaries (Rosner and Shropshire, 2011 ), pricing strategies (Hayduk, 2021 ), and strategic decision making (i.e., structure, rules and regulations, policies, etc.) for their respective leagues (Késenne, 2014 ).…”

Section: Introductionmentioning

confidence: 99%

Team Ownership and Philanthropy in Professional Sport: A Perspective on Organizational Generosity

Babiak

Yang

2022

Front. Sports Act. Living

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Corporate philanthropy (CP) is a vehicle for businesses to create a social impact in communities where their operations are located. An overlooked aspect of this phenomenon is the role and function played by CP influencers within firms—particularly organizational principals/owners. Using an upper echelons perspective, this study explores the relationship between team ownership and the level of CP in the professional sport context. To this end, longitudinal data of philanthropic giving of 94 U.S. professional sport teams in the NBA, NFL, MLB, and NHL were collected. We also collected team owner characteristics such as individual/family ownership, age, tenure as team owner, other charitable work, educational background, and connection to community from a variety of publicly available sources. The findings revealed that team owner age, ownership tenure, and previous philanthropic involvement contributed to increased charitable giving in professional sport team corporate foundations. Theoretical and practical implications of these findings are discussed in the paper.

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Owner–Resident Ideological Divergence and Firm Performance: Evidence From Major League Baseball

Hayduk

2022

Journal of Sport Management

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Stakeholder frameworks document the nature of sport franchise owners’ interactions with local residents, but there has been little attention on understanding why interactions develop a contentious or collaborative tenor. There has also been little emphasis on understanding whether and how interactions affect revenue-side outcomes. This paper uses the team identification literature to buttress the idea that owners are meaningful points of attachment for fans. It also uses consumer political ideology scholarship to explain that owners’ ideologies—never more visible than today—are important predictors of consumption. The paper proposes and tests a series of hypotheses about the effect of owners’ and residents’ ideological divergence on attendance and spending. Similar ideologies between residents and long-tenured owners were associated with about $8–$10 more spending per fan per game, as well as 2,400–3,950 more fans per game. Implications for academics and practitioners are provided.

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The impact of ownership political ideology on firm performance: evidence from major league baseball (MLB) franchises

Cited by 4 publications

References 63 publications

Association membership, election cycles, and political donation patterns

Association membership, election cycles, and political donation patterns

Team Ownership and Philanthropy in Professional Sport: A Perspective on Organizational Generosity

Owner–Resident Ideological Divergence and Firm Performance: Evidence From Major League Baseball

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