Patronage as a way out of crisis? the case of major cultural institutions in Spain

Drawing on both resource dependence theory and institutional theory, this study attempts to explore how, as a result of the financial crisis of 2008 and the drastic cuts to public funding for culture, corporate sponsorship has been acquiring an increasingly important role in the financial structure...

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Bibliographic Details
Published inCultural trends Vol. 31; no. 4; pp. 372 - 391
Main Authors Rubio-Arostegui, Juan Arturo, Villarroya, Anna
Format Journal Article
LanguageEnglish
Published London Routledge 08.08.2022
Taylor & Francis Ltd
Subjects
Arts governance
board composition
Business sponsorship
cultural institutions
cultural policy
Donors
Economic crisis
financial crisis
Fund raising
Patronage
Spain
Sponsorship
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Summary:Drawing on both resource dependence theory and institutional theory, this study attempts to explore how, as a result of the financial crisis of 2008 and the drastic cuts to public funding for culture, corporate sponsorship has been acquiring an increasingly important role in the financial structure and internal organisation of large cultural facilities. Based on a sample of fifteen of Spain's most emblematic cultural institutions located in the cities of Madrid and Barcelona, the application of these two complementary theories offers an insight into the growth in direct donors' contributions to major state-owned cultural institutions in Spain, while also helping to explain the influence of institutional environments on organisations, with an emphasis on the central role that board composition plays in fundraising income.
ISSN:0954-8963
1469-3690
DOI:10.1080/09548963.2021.1986670