Relação de boas práticas de governança no desempenho financeiro e esportivo dos clubes de futebol brasileiros.

Abstract

The objective of this study is to investigate how clubs’ governance practices impact their financial and sporting performance between 2018 and 2023. To achieve this purpose, the research adopts a quantitative descriptive approach, based on the systematic collection and analysis of data and documents available on the official websites of the clubs analyzed. EBITDA was used as the financial performance indicator, totaling 166 observations included in the model. Sporting performance was measured through a scoring structure based on the CBF Ranking, resulting in 606 observations throughout the period studied. The analyses were conducted using descriptive statistics and linear regression in the R Studio software, which made it possible to identify relationships between governance variables and performance indicators. The results revealed that governance practices related to Ethics and Conflicts of Interest, Transparency and Accountability, and Corporate Social Responsibility positively influence both financial and sporting performance. In contrast, mechanisms associated with Governance Structure did not show statistical significance in the model. Given these findings, the study reinforces the importance of the consistent adoption of governance practices by football clubs, highlighting their strategic role in organizational management and in the pursuit of improved financial and sporting outcomes. Keywords: Corporate Governance; Football Clubs; Performance