Authors: Domenico Celenza; Fabio Nappo; Alberto Giraldi; Martina Fusco
Addresses: Department of Business and Economic Studies, University of Naples 'Parthenope', Via Generale Parisi, 13, Palazzo Pacanowski, 80133 Napoli, Italy ' Department of Economics and Law, University of Cassino and Southern Lazio, Via S. Angelo, Loc. Folcara, 03043 Cassino (FR), Italy ' Conservatory of Music 'Licinio Refice', Viale Michelangelo, 03100 Frosinone, Italy ' Department of Economics and Law, University of Cassino and Southern Lazio, Via S. Angelo, Loc. Folcara, 03043 Cassino (FR), Italy
Abstract: This paper aims to analyse the theme of management control in the Italian conservatories as cultural companies, using the financial statement analysis with ratios to measure and summarise the performances achieved. The analysis is structured into two stages: the first stage analyses the indicators for a better control management; the second one shows the data obtained from the application of these indicators. The research topic is developed into two levels: a qualitative one and quantitative one. In the first level, we analyse the existing ratios for the financial statement analysis of conservatories; in the second level, we examine the results of the financial statement analysis of the 15% of Italian conservatories. The paper proposes practical evidence to support the financial statement analysis as a management control tool for the conservatories. The approach taken for the development of performance reporting system is intended to detect the aggregate results through logical indexes.
Keywords: financial statement analysis; management control; music conservatories; ratios; firm performance; cultural companies; Italy; culture; music academies.
International Journal of Digital Culture and Electronic Tourism, 2017 Vol.2 No.1, pp.46 - 66
Received: 08 Jun 2016
Accepted: 13 Sep 2016
Published online: 24 Feb 2017 *