Resource dependency, costs and revenues of a street festival

Andersson, Tommy and Getz, Donald (2007) Resource dependency, costs and revenues of a street festival. Tourism Economics, 13 1: 143-162. doi:10.5367/000000007779784443

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Author Andersson, Tommy
Getz, Donald
Title Resource dependency, costs and revenues of a street festival
Journal name Tourism Economics   Check publisher's open access policy
ISSN 1354-8166
Publication date 2007-03
Sub-type Article (original research)
DOI 10.5367/000000007779784443
Open Access Status File (Publisher version)
Volume 13
Issue 1
Start page 143
End page 162
Total pages 20
Place of publication London, United Kingdom
Publisher IP Publishing
Language eng
Abstract The financial position of a tourism-oriented street festival in Sweden is examined within the context of resource dependency and stakeholder management theory, focused on testing two hypotheses derived from this theoretical base. Data from a five-year period revealed how costs associated with the strongest stakeholders (that is, with the greatest bargaining power) greatly increased relative to costs associated with weak stakeholders. The festival was also more able to increase its revenues from weak stakeholders than from those in strong bargaining positions. Conclusions are drawn on how this case confirms and elaborates upon theory, particularly by applying it to the festival sector. Management implications are also drawn on how festival organizations should manage relationships when they hold strong or weak positions relative to stakeholders.
Keyword Festival costs and revenues
Resource dependency
Stakeholder management
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Excellence in Research Australia (ERA) - Collection
UQ Business School Publications
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Citation counts: Scopus Citation Count Cited 0 times in Scopus Article
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Created: Fri, 23 Jan 2009, 13:50:44 EST by Marianne Steentsma on behalf of Library Corporate Services