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Economic And Financial Viability Plan For The Enterpreneurship Of A Lyric Theatre Low-Cost Company: The Case Of Zarzuela In Spain

Author

Listed:
  • Jesús Manuel de SANCHA NAVARRO
  • Luis PALMA MARTOS
  • María Dolores OLIVER-ALFONSO

Abstract

Taking into account that one of the major handicaps when undertaken in the cultural sector is the problem of cost and demand volatility, this paper aims to implement a viability plan for the entrepreneurship of a lyric theatre low-cost company, dedicated to Zarzuela performance, a type of Spanish music like Opera. Firstly, the cultural sector data are analysed in terms of supply and demand and secondly a viability plan is carried out for three years. According to the results it is concluded that this type of venture is very risky if you do not have grant or other financial resources, due to the variability of demand and the increase in unit costs as the artistic performance has a fixed production technology that cannot absorb the technical progress of the rest of the economy. JEL Codes - M13, G30

Suggested Citation

  • Jesús Manuel de SANCHA NAVARRO & Luis PALMA MARTOS & María Dolores OLIVER-ALFONSO, 2016. "Economic And Financial Viability Plan For The Enterpreneurship Of A Lyric Theatre Low-Cost Company: The Case Of Zarzuela In Spain," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 63(3), pages 363-379, November.
    • Handle: RePEc:aic:saebjn:v:63:y:2016:i:3:p:363-379:n:43
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    More about this item

    Keywords

    entrepreneurship; viability plan; cultural economy; low-cost; music;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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