Economic Efficiency of Cultural Institutions
Małgorzata Gałecka , Katarzyna Smolny
AbstractThe aim of this article is the efficiency evaluation of statutory subsidies granted to cultural institutions. From the economic point of view, the financial analysis of cultural institutions shows economic inefficiency of all institutions. Most of them are institutions that are sustained by subsidies of the organizer, generating low own revenue in relation to incurred costs. This situation might be caused by a lack of adequate incentives to increase own revenue due to organizer’s (local government’s) subsidies ensuring, at least theoretically, coverage of costs of facility maintenance and the costs of their activities.
|Publication size in sheets||0.5|
|Book||Jedlicka Pavel, Maresova Petra, Soukal Ivan (eds.): Hradec Economic Days Vol. 7(1). Double-blind peer-reviewed proceedings of the international scientific conference Hradec Economic Days 2017, January 31 st and February 1 st , 2017 Hradec Králové, Czech Republic, 2017, University of Hradec Králové, ISBN 9788074356643, 991 p.|
|Keywords in English||economic efficiency, public expenditures, cultural institutions, subsidies|
|Citation count*||4 (2019-12-05)|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.