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Financing and Management of Cultural Events: Needs and Opportunities for Cultural Institutions and NGOs

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  • Amalia Cristina NEDELCUÅ¢

Abstract

Festivals contribute to the economic and social development of the regions where they take place, and adequate funding is an essential condition for their organization. This study presents the results of a survey that investigated the interest and needs of cultural event organizers, public cultural institutions, and non-governmental organizations in accessing funds, the need for training, as well as the specific management characteristics of institutions in this field. Data was obtained by applying a survey and interpreting the results for an equal number of respondents from two categories of organizations: public institutions and non-governmental organizations. The statistical analysis reflects the opinions of the organizers of eight annual festival events in the city of Cluj-Napoca. The results indicated that although there is experience in fundraising, there are difficulties in project implementation, with differentiated needs between the two categories regarding financial support for event organization, marketing, and promotion. Crowdfunding platforms and community donations can represent important sources of funding, and the specific management of performing arts requires continuous training of organizers.

Suggested Citation

  • Amalia Cristina NEDELCUÅ¢, 2024. "Financing and Management of Cultural Events: Needs and Opportunities for Cultural Institutions and NGOs," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(26), pages 1-14.
    • Handle: RePEc:alu:journl:v:1:y:2024:i:26:p:14
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    References listed on IDEAS

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    1. Annick Ancelin-Bourguignon & Chris Dorsett & Ricardo Azambuja, 2020. "Lost in translation? Transferring creativity insights from arts into management," Post-Print hal-02966899, HAL.
    2. Chiara Carolina Donelli & Isabella Mozzoni & Francesco Badia & Simone Fanelli, 2022. "Financing Sustainability in the Arts Sector: The Case of the Art Bonus Public Crowdfunding Campaign in Italy," Sustainability, MDPI, vol. 14(3), pages 1-20, January.
    3. Ellen Loots & Diana Betzler & Trine Bille & Karol Jan Borowiecki & Boram Lee, 2022. "New forms of finance and funding in the cultural and creative industries. Introduction to the special issue," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 46(2), pages 205-230, June.
    4. Said Mohamed Elhosiny & Thowayeb H. Hassan & Ioana Josan & Amany E. Salem & Mostafa A. Abdelmoaty & Grigore Vasile Herman & Jan Andrzej Wendt & Bekzot Janzakov & Hassan Marzok Elsayed Mahmoud & Magdy , 2023. "Oradea’s Cultural Event Management: The Impact of the ‘Night of the Museums’ on Tourist Perception and Destination Brand Identity," Sustainability, MDPI, vol. 15(21), pages 1-19, October.
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    More about this item

    Keywords

    cultural event; financing; public cultural institutions; non-governmental organizations (NGOs);
    All these keywords.

    JEL classification:

    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
    • Z19 - Other Special Topics - - Cultural Economics - - - Other

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