This article statistically estimates the impact of different countries’ soft
power on the results of Olympic Games bidding in the post-Cold War era. All
bid results for the Olympic Summer and Winter Games between 1990 and 2011
are analyzed by panel regression methods. The empirical results reveal that sporting
success, higher transparency, lower CO2 and particle emissions, and faster
economic growth are likely to increase the probability of a bidding country
winning an Olympic bid. These results have several implications regarding the
impact of soft power on choice of Olympic host site. First, if a country has a
high number of Olympic gold medalists, this could attract International Olympic
Committee (IOC) members and influence their decisions. Second, a country’s
ethical reputation is likely to persuade the IOC to choose it as the rightful host
country. Third, the environmental record of a country may also be regarded as a
desirable value by IOC members, who prefer a ‘Green Games’ ecological legacy.