New models of Public-private Partnership in Cultural Heritage Sector: Sponsorships between Models and Traps

Ventura, Claudia; Cassalia, Giuseppina; Spina, Lucia Della

doi:10.1016/j.sbspro.2016.05.361

Cited by 11 publications

(8 citation statements)

References 6 publications

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“…Specifically, Italian public administrations normally use tendering procedures to select the private counterpart in the partnership agreement. The contribution of resources from the private sector constitutes an important contribution to the activities of protection, enhancement, and management of the Italian cultural heritage, also ensuring a significant boost for the country's economy [12].…”

Section: Introductionmentioning

confidence: 99%

Sponsorship’s Financial Sustainability for Cultural Conservation and Enhancement Strategies: An Innovative Model for Sponsees and Sponsors

2021

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The topic of the paper is sponsorship for the requalification/conservation of historical-architectural heritage. In the literature, there are many models for evaluating the financial efficiency of sponsorship from the point of view of the sponsor (mostly in the sports field), but none of these jointly support both the sponsor and the sponsee in the selection of financially sustainable cultural sponsorships. Trying to reduce this gap, an innovative model is proposed for estimating the profitability of cultural sponsorship. The model consists of three phases. In the first, which consists of the financial analysis of the investment for the sponsee, the minimum amount that the sponsee can request from the sponsor is established. The second phase analyzes the financial performance of potential sponsors, estimating the optimal sponsorship budget that maximizes profits. In the final phase, where the results of the two analyses are compared, the sponsee eventually reformulates his offer and decides which company to sign the contract with. The model is tested through a case study: the sponsorship of the restoration of the Don Tullio Fountain in Salerno (Italy). It is assumed that two companies are interested in sponsorship. The results show that the investment is financially sustainable for both companies.

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Section: Introductionmentioning

confidence: 99%

Sponsorship’s Financial Sustainability for Cultural Conservation and Enhancement Strategies: An Innovative Model for Sponsees and Sponsors

2021

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“…Multiple financial relations and independence (full or partial) of economic entities against legal support of market economy base cultural organizations effective activities (Sidorov, 2010;Ventura, Cassalia, & Della Spina, 2016).…”

Section: Resultsmentioning

confidence: 99%

Improvement Of Organizational And Economic Mechanism Of Cultural Services Management

Korotkova¹

2020

European Proceedings of Social and Behavioural Sciences

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“…In terms of theoretical implications, it is clear that the nature of UCIPs is different from other infrastructural projects including roads, water and wastewater, oil, gas, and telecommunication projects. Indeed, infrastructural urban projects, including bridges and urban roads; business and recreational projects; and large economic, social, and environmental projects are different from other infrastructural projects with regard to the type of services, commissioning, and return of investment guarantees [7,33,54]. With that in mind, comparative and cross-sectorial studies are needed to generalize and reinforce provided insights.…”

Section: Discussionmentioning

confidence: 99%

Assessing the Barriers and Risks to Private Sector Participation in Infrastructure Construction Projects in Developing Countries of Middle East

et al. 2020

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In developing countries, governments are often unable to implement urban infrastructure construction projects (UICPs) on their own, mainly due to budget and financial resource limitations. The participation of the private sector, through public–private partnerships (PPPs), has been considered as an alternative effective method for increasing the efficiency and productivity of urban infrastructure development. However, in many developing countries such as those situated in the Middle East, attracting private sector investments for UICPs uncovers profound challenges that have not ever been comprehensively accounted for and prioritized. To fill this knowledge gap, this study seeks to determine and prioritize the major barriers and risks faced by governments and urban managers in attracting private sector investments through the PPP schemes launched by developing countries in the Middle East. Based on a Delphi study conducted in Iran as an example, the opinions of 60 UICPs experts in both the public and private sectors were collected and analyzed. Results show that technical and organizational barriers and risks were perceived as the most important to private sector participation, followed by economic and financial barriers and risks, and then political and legal barriers and risks.

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New models of Public-private Partnership in Cultural Heritage Sector: Sponsorships between Models and Traps

Cited by 11 publications

References 6 publications

Sponsorship’s Financial Sustainability for Cultural Conservation and Enhancement Strategies: An Innovative Model for Sponsees and Sponsors

Sponsorship’s Financial Sustainability for Cultural Conservation and Enhancement Strategies: An Innovative Model for Sponsees and Sponsors

Improvement Of Organizational And Economic Mechanism Of Cultural Services Management

Assessing the Barriers and Risks to Private Sector Participation in Infrastructure Construction Projects in Developing Countries of Middle East

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