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Financial Sustainability of Small- and Medium-Sized Enterprises in the Cultural and Creative Sector: The Role of Funding

In: Entrepreneurship in Culture and Creative Industries

Author

Listed:
  • Elena Borin

    (CEREN, EA 7477, Burgundy School of Business—Université Bourgogne Franche Comté)

  • Fabio Donato

    (Università degli Studi di Ferrara)

  • Christine Sinapi

    (CEREN, EA 7477, Burgundy School of Business—Université Bourgogne Franche Comté)

Abstract

SMEs—Small- and Medium-Sized Enterprises—in the cultural and creative sector traditionally face difficulties in accessing bank financing (The entrepreneurial dimension of the cultural and creative industries. Hogeschool vor de Kunsten Utrecht—HKU, 2010). This weakness in the ability to support their financing structure could not only limit their development but also be particularly problematic in times of crisis, when other financial resources are scarce and when the ability to prove resilient is crucial. This paper investigates the topic of access to bank financing for SMEs in the cultural and creative sector by means of an exploratory study carried out in the region of Burgundy (France) that investigates the perspectives of both banks and entrepreneurs.

Suggested Citation

  • Elena Borin & Fabio Donato & Christine Sinapi, 2018. "Financial Sustainability of Small- and Medium-Sized Enterprises in the Cultural and Creative Sector: The Role of Funding," FGF Studies in Small Business and Entrepreneurship, in: Elisa Innerhofer & Harald Pechlaner & Elena Borin (ed.), Entrepreneurship in Culture and Creative Industries, pages 45-62, Springer.
    • Handle: RePEc:spr:fgfchp:978-3-319-65506-2_4
    DOI: 10.1007/978-3-319-65506-2_4
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