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Knowledge-Centric Practices of Performing Arts Organizations: New Directions for Organizational Resilience

Author

Listed:
  • Neville K. Vakharia

    (Drexel University, USA)

  • Marilena Vecco

    (Erasmus University Rotterdam, The Netherlands)

  • Andrej Srakar

    (Institute for Economic Research, Faculty of Economics, University of Ljubljana, Slovenia)

  • Divya Janardhan

    (The Ohio State University, USA)

Abstract

This paper explores the concepts of knowledge-centric organizations in the performing arts sector as a means to understand how specific organizational practices relate to measures of financial and operational performance. Using the authors’ prior framework of a knowledge-centric arts organization, a quantitative study of 368 small and mid-sized non-profit performing arts organizations in the United States was conducted via primary data on 36 organizational practices and secondary data on 21 performance metrics. A statistical analysis using structural equation models found several distinct performance metrics’ dimensions that are statistically associated with knowledge-centric practices, in particular related to board contribution, the resilience of the organization and attendance. On the other hand, no relationship was confirmed with monetary performance measures. We were also able to show some important correlations between demographic characteristics of organizations and their usage of knowledge-centric practices. These findings can serve as a basis to further investigate how organizations can remain sustainable and operate effectively in a knowledge-driven society.

Suggested Citation

  • Neville K. Vakharia & Marilena Vecco & Andrej Srakar & Divya Janardhan, 2016. "Knowledge-Centric Practices of Performing Arts Organizations: New Directions for Organizational Resilience," ACEI Working Paper Series AWP-07-2016, Association for Cultural Economics International, revised Jul 2016.
    • Handle: RePEc:cue:wpaper:awp-07-2016
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    References listed on IDEAS

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    More about this item

    Keywords

    Knowledge Centricity; Organizational Performance; Knowledge Management; Performing Arts; Structural Equation Models;
    All these keywords.

    JEL classification:

    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation

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