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The cultural nonprofit young entrepreneurs: new evidence

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  • Alessandro F. Leon

Abstract

Cultural nonprofit firms run by young entrepreneurs score a rate ofeconomic independence (the ratio of government grants on total revenues)among the highest in the industry, although there is a small andessential share of government grants. These firms, because they have todeal with a difficult and hostile environment, have a strict control oforganization costs and balance sheets in order to maintain the firmeconomic and financial sustainability in the long term. The culturalnonprofit youth firms are «creative» in many senses: some are intrinsiccreative (the artistic ones), while others are only partially creative (theeducation ones). All firms, in one way or another, have a role in thedissemination of creative products. Despite these advantages, nonprofitbusinesses are weak in terms of organization, are financially fragile, andare at risk of bankruptcy or closure.

Suggested Citation

  • Alessandro F. Leon, 2013. "The cultural nonprofit young entrepreneurs: new evidence," Economia della Cultura, Società editrice il Mulino, issue 2, pages 129-140.
    • Handle: RePEc:mul:jkrece:doi:10.1446/74577:y:2013:i:2:p:129-140
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