Show simple item record

dc.contributor.authorLin, Kuan-Wen
dc.contributor.authorStein, P.
dc.contributor.authorGoldblatt, Joe J.
dc.date.accessioned2018-06-29T20:20:04Z
dc.date.available2018-06-29T20:20:04Z
dc.date.issued2011-08
dc.identifierER2485
dc.identifier.citationLin, K., Stein, P. & Goldblatt, J. (2011) New investment: an exploratory case study of three mature Edinburgh festivals and their future funding opportunities, Event Management, vol. 15, , pp. 179-195,
dc.identifier.issn1525-9951
dc.identifier.urihttps://eresearch.qmu.ac.uk/handle/20.500.12289/2485
dc.description.abstractThis 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.
dc.format.extent179-195
dc.publisherCognizant Communication Corporation
dc.relation.ispartofEvent Management
dc.subjectFestivals
dc.subjectBanks
dc.subjectVenture capital
dc.subjectVenture philanthropy
dc.subjectCommercial
dc.subjectNot for profit
dc.subjectPrincipal-Agent theory
dc.subjectGrants
dc.titleNew investment: an exploratory case study of three mature Edinburgh festivals and their future funding opportunities
dc.typearticle
dcterms.accessRightspublic
dc.description.facultydiv_BaM
dc.description.referencetextAEA Consulting. (2006). Thundering hooves: Maintaining the global competitive edge of Edinburgh's festivals- full report. Retrieved Octorber 18, 2009, from http:// www.scottisharts.org.uk/1/information/publications/100 3373.aspx Allen, J., O'toole, W., Harris, R., & McDonnell, I. (2005). Festival and special event management (3rd ed.). Milton, Qld: Wiley. Bartlett, J. W. (1988). Venture capital: Law, business strategies, investment planning. New York: John Wiley & Sons. Benjamin, G. A., & Margulis, J. B. (2005). Angel capital: How to raise early-stage private equity financing. New Jersey: John Wiley & Sons. Blackburn, R. A., Stokes, D., & Wilson, N. (2001). Banking on a hit: The funding dilemma of Britain's music business, executive summary. London, UK: DCMS. Bloomfield, S. (2005). Venture capital funding: A practical guide to raising finance. London: Kogan Page. Carlsen, J., Ali-Knight, J., & Robertson, M. (2008). Access- a research agenda for Edinburgh festivals. Event Management, 11, 3-11. Carrell, S. (2009, September 1). Edinburgh festival fringe sales benefit from recession gloom. The Guardian. Carrell, S. (2009, January 10). Edinburgh Fringe may seek 600,000 bail-out. The Guardian. Caves, R. E. (2000). Creative industries: Contracts between art and commerce. London: Harvard University Press. Cochrane, J. H. (2005). The risk and return of venture capital. Journal of Financial Economics, 72(1), 3-52. Dana, L. P. (2008). Handbook of research of ethnic minority entrepreneurship: A co-evolutionary view on resource management. Glos: Edward Elger. Department for Culture, Media and Sport. (2001a). Creative industries mapping document (2nd ed.). London: Author. Department for Culture, Media and Sport. (2001b). Reports on the creative industry finance conference: Good practice in financing creative businesses. London: Author. Dibdin, T. (2008, December 16). Edinburgh fringe's 250,000 bail out eases box office system woes. The Stage News. City festivals to get Online TV channel. (2009, March 18). Edinburgh Evening News. Edinburgh International Festival. (2006). Edinburgh International Festival society reports and financial statements. Edinburgh: Festival Fringe Society Limited. Edinburgh International Festival. (2008). Annual review. Edinburgh: Edinburgh International Festival Society. Edinburgh International Festival. (2009). The official website of the Edinburgh International Festival. Retrieved October 18, 2009 from http://www.eif.co.uk/ Edinburgh Military Tattoo. (2004). The Edinburgh Military Tattoo limited reports and financial statements. Edinburgh: Author. Edinburgh Military Tattoo. (2006). The Edinburgh Military Tattoo limited reports and financial statements. Edinburgh: Author. Edinburgh Military Tattoo. (2009). The official website of the Edinburgh Military Tattoo. Retrieved October 18, 2009 from http://www.edintattoo.co.uk/ Edinburgh Military Tattoo Charities. (2001). The Edinburgh Military Tattoo (charities) limited reports and accounts. Edinburgh: Author. Eisenhardt, K. M. (1989). Agency theory: An assessment and review. Academy of Management Review, 14(1), 57-74. Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. Journal of Law and Economics, 26(2), 301-325. Festival Fringe Society Limited. (2004). Festival Fringe Society limited financial statements. Edinburgh: Author. Festival Fringe Society Limited. (2006a). Annual report. Edinburgh: Author. Festival Fringe Society Limited. (2006b). Festival Fringe Society limited financial statements. Edinburgh: Festival Fringe Society Limited. Festival Fringe Society Limited. (2009). The official website of the Edinburgh Festival Fringe. Retrieved October 18, 2009 from http://www.edfringe.com/ Finkel, R. (2009). A picture of the contemporary combined arts festival landscape. Cultural Trends, 18(1), 3-21. Finkel, R., Goldblatt, J., & Lin, K. (2009). An exploratory study to identify sustainable funding alternatives for cultural events in Edinburgh and Glasgow, special report, 1. Edinburgh, UK: The International Centre for the Study of Planned Event (ICSPE), Queen Margaret University. Florida, R. (2002). The rise of the creative class: And how it's transforming work, leisure, and everyday life. New York: Basic Books. Getz, D. (2002). Why festivals fail. Event Management, 7, 209-219. Getz, D., Andersson, T., & Larson, M. (2007). Festival stakeholder roles: Concepts and case studies. Event Management, 10, 103-122. Goldblatt, J. (2008). Special events: The roots and wings of celebration. (5th Ed.) Hoboken, NJ: John Wiley & Sons. Grossman, S. J., & Hart, O. D. (1983). An analysis of the principal-agent problem. Econometrica, 51(1), 7-45. Inspiring Scotland. (2009). The official website of Inspiring Scotland. Retrieved October 18, 2009 from http:// www.inspiringscotland.org.uk/ Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics, 3(4), 305- 360. John, R. (2008). A guide to giving (3rd ed., pp. 35-39). London: Association of Charitable Foundations. Jones Economics. (1996). Edinburgh Festivals economic impact study: Final report. Edinburgh: Author. Kenney, M., Haemmig, M., & Goe, W. R. (2008). Venture capital. In J. T. Machers & D. C. Mowery (Eds.), Innovation in global industries (pp. 313-340). Washingtonm DC: National Academy of Sciences. Lin, K. (2008). A quantitative analysis of the public grants and the time factor involved in reducing the financial risk to the festivals belonging to Festivals Edinburgh. Master's thesis, Queen Margaret University, Edinburgh, UK. Miller, E. (1996). The Edinburgh International Festival 1947-1996. Aldershot: Scolar Press. National Council for Voluntary Organizations. (2006). Introductory pack on funding and finance. London: Author. National Council for Voluntary Organizations. (2009). The official website of NCVO. Retrieved October 18, 2009 from http://www.ncvo-vol.org.uk/ Reid, G. C. (1998). Venture capital investment: An agency analysis of practice. London: Routledge. Ross, A. S. (1973). On the economic theory of agency and the principal of similarity. In M. Balch et al. (Eds.), Essays on economic behavior under uncertainty (pp. 215-237). Amsterdam: North Holland. Shanley, R. P. (2004). Financing technology's frontiers: Decision-making models for investors and advisors (2nd ed.). New Jersey: John Wiley & Sons. Sherman, A. J. (2005). Raising capital: Get the money you need to grow your business. New York: AMACON. Spremann, K. (1987). Agent and principal. In G. Bamberg, & K. Spreman (Eds.), Agency theory, information, and incentives (pp. 3-37). Berlin: Springer-Verlag. Stiglitz, J. E. (1974). Risk sharing and incentives in sharecropping. Review of Economic Studies, 41(126), 219- 255. Timmons, J. A., Spinelle, S., & Zacharakis, A. (2004). How to raise capital: Techniques and strategies for financing and valuing your small business. New York: McGraw- Hill. Wilson, R. (1968). The theory of syndicates. Econometrica, 36(1), 119-132. Winton, A., & Yerramilli, V. (2008). Entrepreneurial finance: Banks versus venture capital. Journal of Financial Economics, 88(1), 51-79. Wu, S. (2002). A study of constitution of International Festival- in Taiwan (in Chinese). Master's thesis, Nan- Hua University, Taiwan, Republic of China.
dc.description.volume15
dc.identifier.doihttp://10.3727/152599511X13082349958271
dc.description.ispublishedpub
dc.description.eprintid2485
rioxxterms.typearticle
qmu.authorGoldblatt, Joe J.
qmu.authorLin, Kuan-Wen
dc.description.statuspub
dc.description.number2


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record