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Proposing a network of advisors that could guide a professional athlete’s financial decisions in pursuit of sustainable financial well-being
Managing Sport and Leisure ( IF 1.9 ) Pub Date : 2020-11-11 , DOI: 10.1080/23750472.2020.1842791
Jaco Moolman 1
Affiliation  

ABSTRACT

Rationale

Being a successful and well-paid professional athlete offers little protection against the risk of experiencing financial distress or going bankrupt later in life. This increases the need for professional athletes to attain financial literacy skills from a young age and to gain appropriate financial advice from a range of qualified financial advisors. This begs the question: Who or what should professional athletes enlist to provide them with financial advice in their pursuit of sustainable financial well-being?

Research methodology

Actor-network theory (ANT) guided the selection of 27 South African interviewees from a potential network of influencers that could guide a professional athlete’s financial decisions.

Findings

The results show the actors or advisors that could inform a professional athlete’s financial decisions. The results also show that ANT may in this case be best applied if the professional athlete (as the primary actor) facilitates the flow of information to others within the network.

Practical implications

Professional athletes are advised to deliberately establish a network of select financial advisors to inform their financial decisions and to manage the flow of information within this network.

Contribution

This study should provide some guidance to professional athletes on how to enlist the help of financial advisors.



中文翻译:

提出一个顾问网络,可以指导职业运动员的财务决策,以追求可持续的财务福祉

摘要

基本原理

成为一名成功且收入丰厚的职业运动员几乎无法抵御日后经济困难或破产的风险。这增加了专业运动员从小就获得金融知识技能并从一系列合格的金融顾问那里获得适当的金融建议的需求。这就引出了一个问题:职业运动员应该征求谁或什么来为他们提供财务建议,以追求可持续的财务福祉?

研究方法论

行动者网络理论 (ANT) 指导从潜在的影响者网络中选择了 27 名南非受访者,这些影响者可以指导职业运动员的财务决策。

发现

结果显示可以为职业运动员的财务决策提供信息的演员或顾问。结果还表明,如果专业运动员(作为主要参与者)促进信息在网络中向其他人的流动,那么在这种情况下,ANT 可能是最佳应用。

实际影响

建议专业运动员特意建立一个精选财务顾问网络,为他们的财务决策提供信息,并管理该网络内的信息流。

贡献

这项研究应该为职业运动员提供一些关于如何获得财务顾问帮助的指导。

更新日期:2020-11-11
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