New investment: an exploratory case study of three mature Edinburgh festivals and their future funding opportunities



Lin, Kuan-Wen and Stein, P and Goldblatt, Joe J (2011) New investment: an exploratory case study of three mature Edinburgh festivals and their future funding opportunities. Event Management, 15 (2). pp. 179-195. ISSN 1525-9951

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Abstract

This article examines how festival holding organizations (FHOs) may identify emerging sources of alternative financing from banks, venture capitalists, and venture philanthropic organizations. The research includes both quantitative analysis of 10 years of economic data from festivals in Edinburgh, Scotland and qualitative interviews with a leader in both the banking and cultural community. The research concludes that there is a growing need for FHOs to identify new sources of funding beyond that historically provided by the public sector or earned income such as ticket sales and that a combination of banks, venture capital firms, and venture philanthropic organizations may provide valuable alternative funding sources in the future.

Item Type: Article
Uncontrolled Keywords: Festivals; Banks; Venture capital; Venture philanthropy; Commercial; Not for profit; Principal–Agent theory; Grants
Divisions: School of Arts, Social Sciences and Management > Business, Enterprise & Management
Date Deposited: 17 Aug 2011 13:58
Last Modified: 19 Mar 2014 12:59
URI: http://eresearch.qmu.ac.uk/id/eprint/2485

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