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Valuation of Cultural Goods: Evaluation of Perspective Methods


Affiliations
1 University of Economics Prague, Department of Business Economics, W. Churchill Square 4, 130 67 Prague 3, Czech Republic
2 University of Economics Prague, Czech Republic
 

Valuation of cultural assets represents a very actual topic not widely discussed within contemporary accounting and financial research. Main motivation of this paper is therefore to provide an empirical evidence of the methods for valuation of cultural and artistic goods. In general, any method for valuating cultural and artistic goods or institutions cannot bring results as objective as those available to valuate assets in the real market economy. Within this paper we did focused on valuation on a specific case of cultural institutions (theatre, museum) and also we aimed to analyse the economic impacts of cultural organizations.

Keywords

Cultural Goods, Creative Industry, Valuation Methods, Economic Consequences, State Grant Policy, Czech Republic.
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Abstract Views: 397

PDF Views: 166




  • Valuation of Cultural Goods: Evaluation of Perspective Methods

Abstract Views: 397  |  PDF Views: 166

Authors

Lubos Smrcka
University of Economics Prague, Department of Business Economics, W. Churchill Square 4, 130 67 Prague 3, Czech Republic
Eva Kislingerova
University of Economics Prague, Department of Business Economics, W. Churchill Square 4, 130 67 Prague 3, Czech Republic
Jiri Strouhal
University of Economics Prague, Department of Business Economics, W. Churchill Square 4, 130 67 Prague 3, Czech Republic
Klara Kubickova
University of Economics Prague, Czech Republic
Marketa Kubickova
University of Economics Prague, Czech Republic

Abstract


Valuation of cultural assets represents a very actual topic not widely discussed within contemporary accounting and financial research. Main motivation of this paper is therefore to provide an empirical evidence of the methods for valuation of cultural and artistic goods. In general, any method for valuating cultural and artistic goods or institutions cannot bring results as objective as those available to valuate assets in the real market economy. Within this paper we did focused on valuation on a specific case of cultural institutions (theatre, museum) and also we aimed to analyse the economic impacts of cultural organizations.

Keywords


Cultural Goods, Creative Industry, Valuation Methods, Economic Consequences, State Grant Policy, Czech Republic.

References





DOI: https://doi.org/10.15759/ijek%2F2014%2Fv2i2%2F60793