From 2007 to 2016, Italian performing and visual arts faced keen competition and crisis of resources. Due to exogenous scarcity of public and private funding and though increased marketing and fundraising, the crisis heavily impacted on performances of the cultural and creative sectors. Otherwise, some highlighted entrepreneurs ‘hit high notes on this stage of scarcity’. Among them, event organizers, opera houses, museums of modern and contemporary arts, parks, villas, gardens and archaeological sites, which was continuously attracting international tourists. The aim of the paper is the analysis of economic performances of a sample of Italian performing and visual arts in challenging times from 2007, when the international financial and real crisis began and till 2016, when the cultural and creative sectors showed a differentiated recovery. The sample includes 1480 firms listed from database AIDA, for their gains, net assets, total assets, total revenues, own revenues (admissions), total costs and personnel expense from 2007 to 2016. Per year data were considered as shares of revenues, expenses and assets and these ratios were k-means clustered in order to give evidence to clusters with significant performances. The most crowded cluster shows a gain collapse from 2007 to 2008 and afterwards, a gain for at least 2% of revenues. For the same cluster net assets and personnel expense, they are both and at least one third of assets and expenses, while most of revenues are admissions. Four clusters are significant for a different composition of economic performances, too. No cluster shows net assets more than one third.

Italian Culture and Crisis: Hitting high Notes in Challenging Times, 2018-10.

Italian Culture and Crisis: Hitting high Notes in Challenging Times

Besana, Angela;Bagnasco, Anna
2018-10-01

Abstract

From 2007 to 2016, Italian performing and visual arts faced keen competition and crisis of resources. Due to exogenous scarcity of public and private funding and though increased marketing and fundraising, the crisis heavily impacted on performances of the cultural and creative sectors. Otherwise, some highlighted entrepreneurs ‘hit high notes on this stage of scarcity’. Among them, event organizers, opera houses, museums of modern and contemporary arts, parks, villas, gardens and archaeological sites, which was continuously attracting international tourists. The aim of the paper is the analysis of economic performances of a sample of Italian performing and visual arts in challenging times from 2007, when the international financial and real crisis began and till 2016, when the cultural and creative sectors showed a differentiated recovery. The sample includes 1480 firms listed from database AIDA, for their gains, net assets, total assets, total revenues, own revenues (admissions), total costs and personnel expense from 2007 to 2016. Per year data were considered as shares of revenues, expenses and assets and these ratios were k-means clustered in order to give evidence to clusters with significant performances. The most crowded cluster shows a gain collapse from 2007 to 2008 and afterwards, a gain for at least 2% of revenues. For the same cluster net assets and personnel expense, they are both and at least one third of assets and expenses, while most of revenues are admissions. Four clusters are significant for a different composition of economic performances, too. No cluster shows net assets more than one third.
Inglese
International Congress on Political, Economic and Social Studies
4
Venezia
2018
internazionale
International Congress on Political, Economic and Social Studies: Proceedings
Yardimcioğlu, Fatih; Beşel, Furkan; Bağci, Hakkı; Pekşen, M. Fatih
11
978-605-68010-9-9
978-605-68010-9-9
Turkey
Pesa
esperti anonimi
Online
Settore SECS-P/01 - Economia Politica
2
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10808/27707
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