Resource Dependency, Costs and Revenues of a Street Festival

Tommy Andersson and Donald Getz
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Tommy Andersson: School of Business, Economics and Law, Gothenburg University, PO Box 610, S-41124 Goteborg, Sweden
Donald Getz: Haskayne School of Business, University of Calgary, 2500 University Drive NW, Calgary, Alberta, Canada T2N 1N4

Tourism Economics, 2007, vol. 13, issue 1, 143-162

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.

Keywords: festival costs and revenues; resource dependency; stakeholder management (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:13:y:2007:i:1:p:143-162

DOI: 10.5367/000000007779784443

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