Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.14/14511
Título: The Budgeting of Portuguese Public Museums: A Dynamic Panel Data Approach
Autor: Oliveira, Maria Alberta
Coelho, João
Santos, Carlos
Palavras-chave: Museums
Incremental budgeting
Moral hazard
Dynamic panel data
Data: 2012
Citação: OLIVEIRA, Maria Alberta ; COELHO, João ; SANTOS, Carlos - The Budgeting of Portuguese Public Museums: A Dynamic Panel Data Approach. In World Business and Economics Research Conference 2012, Auckland, New Zealand, 10-11 December. Proceedings of World Business and Economics Research Conference 2012. ISBN 978-1-922069-14-6. 21 p.
Resumo: In this paper, the first panel on sources of funding for Portuguese publicly owned museums is explored. There has been little work in this field worldwide, and none for Portugal. Evidence in this paper seems contrary to that relating to the UK and to the US. We find that incremental budgeting still plays a major role on the funding of Portuguese museums, allowing for inefficient management and moral hazard: the interests of museums’ management may diverge clearly from those of the authorities ruling them and from those of the general public. We also find that the ability to generate their own revenues plays no role in the funding allocated to museums every year. Budgeting is mainly determined by past operating costs. Policy changes seem to be advisable. The scarce relevance of museum patronage by the private sector makes a discussion of possible crowding out effects irrelevant in the current Portuguese context.
URI: http://hdl.handle.net/10400.14/14511
Versão do Editor: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2185135
Aparece nas colecções:CEGE - Artigos em actas / Papers in proceedings

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