Museum finances: challenges beyond economic crises
(2012) In Museum Management and Curatorship 27(1). p.1-15- Abstract
- Economic crises directly and indirectly affect the financial health of museums. Despite this reality, however, analysing the impact of the economic cycle on museums has not generated much interest among researchers; to date published studies on the recent financial crisis and its reverberations in the museum sector are rare. This article, after acknowledging this lack of research, discusses specific
challenges facing the financial management of museums and identifies the need for additional empirical research on the problems facing these institutions. Based on the author’s findings in published research and accumulated field experience, the article identifies income originating from various museum stakeholders and examines the... (More) - Economic crises directly and indirectly affect the financial health of museums. Despite this reality, however, analysing the impact of the economic cycle on museums has not generated much interest among researchers; to date published studies on the recent financial crisis and its reverberations in the museum sector are rare. This article, after acknowledging this lack of research, discusses specific
challenges facing the financial management of museums and identifies the need for additional empirical research on the problems facing these institutions. Based on the author’s findings in published research and accumulated field experience, the article identifies income originating from various museum stakeholders and examines the vulnerability of these funds to fluctuations in the economy. While
most museum income streams are not found to be particularly vulnerable to economic fluctuation, structural challenges for the financial management of museums do exist beyond economic crises. Therefore, the management of longterm, stakeholder relationships is a more reliable way of achieving financial stability than the implementation of short-term strategies to counter the effects of
a recession and financial crises. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/2342905
- author
- Lindqvist, Katja LU
- organization
- publishing date
- 2012
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- governance, museum funding, museum management, stakeholder, financial strategy, sustainability
- in
- Museum Management and Curatorship
- volume
- 27
- issue
- 1
- pages
- 1 - 15
- publisher
- Routledge
- external identifiers
-
- scopus:84857070133
- ISSN
- 0964-7775
- DOI
- 10.1080/09647775.2012.644693
- language
- English
- LU publication?
- yes
- id
- 1d0c954f-f4cd-4e4c-9004-06a3a6ab4ee1 (old id 2342905)
- alternative location
- http://dx.doi.org/10.1080/09647775.2012.644693
- date added to LUP
- 2016-04-01 13:27:44
- date last changed
- 2023-01-03 22:57:19
@article{1d0c954f-f4cd-4e4c-9004-06a3a6ab4ee1,
abstract = {{Economic crises directly and indirectly affect the financial health of museums. Despite this reality, however, analysing the impact of the economic cycle on museums has not generated much interest among researchers; to date published studies on the recent financial crisis and its reverberations in the museum sector are rare. This article, after acknowledging this lack of research, discusses specific<br/><br>
challenges facing the financial management of museums and identifies the need for additional empirical research on the problems facing these institutions. Based on the author’s findings in published research and accumulated field experience, the article identifies income originating from various museum stakeholders and examines the vulnerability of these funds to fluctuations in the economy. While<br/><br>
most museum income streams are not found to be particularly vulnerable to economic fluctuation, structural challenges for the financial management of museums do exist beyond economic crises. Therefore, the management of longterm, stakeholder relationships is a more reliable way of achieving financial stability than the implementation of short-term strategies to counter the effects of<br/><br>
a recession and financial crises.}},
author = {{Lindqvist, Katja}},
issn = {{0964-7775}},
keywords = {{governance; museum funding; museum management; stakeholder; financial strategy; sustainability}},
language = {{eng}},
number = {{1}},
pages = {{1--15}},
publisher = {{Routledge}},
series = {{Museum Management and Curatorship}},
title = {{Museum finances: challenges beyond economic crises}},
url = {{https://lup.lub.lu.se/search/files/3387276/2370891.pdf}},
doi = {{10.1080/09647775.2012.644693}},
volume = {{27}},
year = {{2012}},
}