Economic Efficiency of Cultural Institutions

Małgorzata Gałecka , Katarzyna Smolny

Abstract

The 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.
Author Małgorzata Gałecka (ES / DF)
Małgorzata Gałecka,,
- Department of Finance
, Katarzyna Smolny (ES / DF)
Katarzyna Smolny,,
- Department of Finance
Pages226-237
Publication size in sheets0.5
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 Englisheconomic efficiency, public expenditures, cultural institutions, subsidies
URL http://fim2.uhk.cz/hed/images/KOMPLET_en_17.pdf
Languageen angielski
Score (nominal)15
Score sourceconferenceIndex
Citation count*4 (2019-12-05)
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