IDEAS home Printed from https://ideas.repec.org/a/vrs/aicuec/v63y2016i3p363-379n6.html
   My bibliography  Save this article

Economic and Financial Viability Plan for the Enterpreneurship of a Lyric Theatre Low-Cost Company: The Case of Zarzuela in Spain

Author

Listed:
  • de Sancha Navarro Jesús Manuel

    (Faculty of Economics and Business Science, University of Seville, Spain)

  • Palma Martos Luis

    (Faculty of Economics and Business Science, University of Seville, Spain)

  • Oliver-Alfonso María Dolores

    (Faculty of Economics and Business Science, University of Seville, Spain)

Abstract

Taking into account that one of the major handicaps when undertaken in the cultural sector is the problem of cost and demand volatility, this paper aims to implement a viability plan for the entrepreneurship of a lyric theatre low-cost company, dedicated to Zarzuela performance, a type of Spanish music like Opera. Firstly, the cultural sector data are analysed in terms of supply and demand and secondly a viability plan is carried out for three years. According to the results it is concluded that this type of venture is very risky if you do not have grant or other financial resources, due to the variability of demand and the increase in unit costs as the artistic performance has a fixed production technology that cannot absorb the technical progress of the rest of the economy.

Suggested Citation

  • de Sancha Navarro Jesús Manuel & Palma Martos Luis & Oliver-Alfonso María Dolores, 2016. "Economic and Financial Viability Plan for the Enterpreneurship of a Lyric Theatre Low-Cost Company: The Case of Zarzuela in Spain," Scientific Annals of Economics and Business, Sciendo, vol. 63(3), pages 363-379, November.
    • Handle: RePEc:vrs:aicuec:v:63:y:2016:i:3:p:363-379:n:6
    DOI: 10.1515/saeb-2016-0128
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/saeb-2016-0128
    Download Restriction: no
    File URL: https://libkey.io/10.1515/saeb-2016-0128?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Luis Antonio Palma M. & Luis Fernando Aguado Q., 2010. "Economía de la cultura. Una nueva área de especialización de la economía," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 12(22), pages 129-165, January-J.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jose A Bermudez Trivino & Lina M Medina Hurtado & Luis Fernando Aguado Quintero, 2015. "Analyzing the decision to listen to recorded music. A microeconometric approach," Working Papers 3, Faculty of Economics and Management, Pontificia Universidad Javeriana Cali.
    2. Jenny Cardenas-Ayala & Leandro Valiati, 2014. "Cultural and Creative Industries as Determining Qualified International Flow Trade in Latin America, 2001-2011," ACEI Working Paper Series AWP-05-2014, Association for Cultural Economics International, revised Oct 2014.

    More about this item

    Keywords

    entrepreneurship; viability plan; cultural economy; low-cost; music;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:aicuec:v:63:y:2016:i:3:p:363-379:n:6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.