Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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Effect of Financial Input and Market Mechanism on the Development of the Sports Industry

Authors
Sizhuo Li1, Shanshan Ye2, *, Lingfeng Ye3
1School of Economics and Commerce, Guangdong University of Technology, Tianhe, Guangzhou, Guangdong, China
2The Financial Department, Shaoguan Universitys, Shaoguan, China
3College of Economy, Shenzhen University, Nanshan, Shenzhen, Guangdong, China
*Corresponding author.
Corresponding Author
Shanshan Ye
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_275How to use a DOI?
Keywords
sports industry; financial input; market mechanism; vector autoregression model
Abstract

Combined with the new industrial development, the vector autoregression model covering sports market activity and sports financial investment, the added value of the sports industry is constructed by selecting a time series data from 2006 to 2020 in China to realize scientific research on the key factors affecting the development of the sports industry. The results show that: (1) Compared to the sports financial input, sports market activity has a long-term and significant effect on promoting the development of the sports industry; (2) Improving the vitality of the sports market, widening the channel for sports industry financing and investment, and promoting the standardized operation of sports industry capital market is expected to enhance the positive driving effect of the market mechanism on the high-quality development of the sports industry.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
10.2991/978-94-6463-036-7_275
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_275How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Sizhuo Li
AU  - Shanshan Ye
AU  - Lingfeng Ye
PY  - 2022
DA  - 2022/12/31
TI  - Effect of Financial Input and Market Mechanism on the Development of the Sports Industry
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 1845
EP  - 1852
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_275
DO  - 10.2991/978-94-6463-036-7_275
ID  - Li2022
ER  -