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Financial Stability and Corporate Sponsors and Their Influences on the Success of the Bank of America Chicago Marathon and the Marathon Valencia Trinidad Alfonso
Paramio-Salcines, J.L.; Llopis-Goig, R. Key Strategic Decisions and Their Influences on the Management and Success of the Bank of America Chicago Marathon and the Marathon Valencia Trinidad Alfonso. Int. J. Financial Stud.2022, 10, 74.
Paramio-Salcines, J.L.; Llopis-Goig, R. Key Strategic Decisions and Their Influences on the Management and Success of the Bank of America Chicago Marathon and the Marathon Valencia Trinidad Alfonso. Int. J. Financial Stud. 2022, 10, 74.
Paramio-Salcines, J.L.; Llopis-Goig, R. Key Strategic Decisions and Their Influences on the Management and Success of the Bank of America Chicago Marathon and the Marathon Valencia Trinidad Alfonso. Int. J. Financial Stud.2022, 10, 74.
Paramio-Salcines, J.L.; Llopis-Goig, R. Key Strategic Decisions and Their Influences on the Management and Success of the Bank of America Chicago Marathon and the Marathon Valencia Trinidad Alfonso. Int. J. Financial Stud. 2022, 10, 74.
Abstract
City marathons have evolved and grown exponentially in type and popularity, managerial complexity, for their financial impact on their host cities and for the attraction of corporate sponsors. Much research has focused on evaluating the broad economic, urban, tourist, social, sporting, and symbolic effects of city marathons on host cities. Research have not examined the importance of the contribution of sponsors to the financial stability and its implications to the overall management and further success of marathons. This article focuses on the cases of the Bank of America Chicago Marathon and the Marathon Valencia Trinidad Alfonso and examines how effective has been the contribution of their sponsors to the financial stability and its implications for the management and success of both races over time. Results show that the international success of both events –in terms of sporting participation, performance and economic impact– is closely related to the design and management of the event; the synergies between the political, business and sporting spheres that the organizational leadership of the event has made it possible to implement and, as a consequence, the support received from sponsors, which has not only provided both races with financial stability, but also has contributed to improve the management of the race.
Keywords
City Marathons; financial stability; corporate sponsors; the Bank of America Chicago Marathon; Marathon Valencia Trinidad Alfonso
Subject
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
