Performance under Pressure: Estimating the Returns to Mental Strength in Professional Basketball

Deutscher C, Frick B, Prinz J (2013)
European Sport Management Quarterly 13(2): 216-231.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
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Autor*in
Deutscher, ChristianUniBi ; Frick, Bernd; Prinz, Joachim
Abstract / Bemerkung
Human capital theory, one of the cornerstones of modern labor and personnel economics, posits that individual salaries are a function of a person's skills and abilities. Irrespective of its undisputed theoretical importance and practical relevance, the empirical evidence on the impact of personality traits and characteristics on salaries, however, remains limited and inconclusive because most of the existing literature is based on self-reported questionnaire responses. Therefore, we include in our estimations not only the ‘traditional’ measures of a person's human capital, but also analyze the impact of an individual's personality traits that have so far been mostly neglected in the context of income determination. We avoid the ‘subjectivity bias’ that has been criticized in the previous literature and use an unbalanced panel including approximately 200 professional basketball players from the National Basketball Association in the four seasons 2003/2004–2006/2007. With this kind of secondary data we estimate standard Mincer-type earnings functions as well as more advanced quantile regressions. Our findings document a statistically significant and economically considerable impact of ‘mental strength’ on player salaries.
Erscheinungsjahr
2013
Zeitschriftentitel
European Sport Management Quarterly
Band
13
Ausgabe
2
Seite(n)
216-231
ISSN
1618-4742
eISSN
1746-031X
Page URI
https://pub.uni-bielefeld.de/record/2616040

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Deutscher C, Frick B, Prinz J. Performance under Pressure: Estimating the Returns to Mental Strength in Professional Basketball. European Sport Management Quarterly. 2013;13(2):216-231.
Deutscher, C., Frick, B., & Prinz, J. (2013). Performance under Pressure: Estimating the Returns to Mental Strength in Professional Basketball. European Sport Management Quarterly, 13(2), 216-231. https://doi.org/10.1080/16184742.2012.742122
Deutscher, C., Frick, B., and Prinz, J. (2013). Performance under Pressure: Estimating the Returns to Mental Strength in Professional Basketball. European Sport Management Quarterly 13, 216-231.
Deutscher, C., Frick, B., & Prinz, J., 2013. Performance under Pressure: Estimating the Returns to Mental Strength in Professional Basketball. European Sport Management Quarterly, 13(2), p 216-231.
C. Deutscher, B. Frick, and J. Prinz, “Performance under Pressure: Estimating the Returns to Mental Strength in Professional Basketball”, European Sport Management Quarterly, vol. 13, 2013, pp. 216-231.
Deutscher, C., Frick, B., Prinz, J.: Performance under Pressure: Estimating the Returns to Mental Strength in Professional Basketball. European Sport Management Quarterly. 13, 216-231 (2013).
Deutscher, Christian, Frick, Bernd, and Prinz, Joachim. “Performance under Pressure: Estimating the Returns to Mental Strength in Professional Basketball”. European Sport Management Quarterly 13.2 (2013): 216-231.

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