Stakeholder theory posits that accountability systems depend on the strength and the number of their stakeholders. This paper aims to analyze the empirical validity of stakeholder theory, focusing on accountability systems in the museum sector. Based on Wikipedia resources, we have selected all of the “National Museums” (134 museums) in the major developed countries: Australia, Canada, France, Germany, Italy, the United Kingdom, and the USA. After we control for type of activity (art or other), cost per visitor and country, the results of an OLS multivariate model show that size of the museum, which is assumed to represent the strength and number of stakeholders, and the amount of funds received, which represents the power of a particularly salient category of stakeholders (donors), are the two main determinants of the accountability level. We conclude that accountability, in the absence of shareholders, is driven by the number and the power of different stakeholders, validating the stakeholder theory.

Web-based accountability practices in non-profit organizations: the case of National Museums / F.Dainelli; G.Manetti; B.Sibilio. - In: VOLUNTAS. - ISSN 0957-8765. - STAMPA. - 24:(2013), pp. 649-665. [10.1007/s11266-012-9278-9]

Web-based accountability practices in non-profit organizations: the case of National Museums

DAINELLI, FRANCESCO;MANETTI, GIACOMO;SIBILIO, BARBARA
2013

Abstract

Stakeholder theory posits that accountability systems depend on the strength and the number of their stakeholders. This paper aims to analyze the empirical validity of stakeholder theory, focusing on accountability systems in the museum sector. Based on Wikipedia resources, we have selected all of the “National Museums” (134 museums) in the major developed countries: Australia, Canada, France, Germany, Italy, the United Kingdom, and the USA. After we control for type of activity (art or other), cost per visitor and country, the results of an OLS multivariate model show that size of the museum, which is assumed to represent the strength and number of stakeholders, and the amount of funds received, which represents the power of a particularly salient category of stakeholders (donors), are the two main determinants of the accountability level. We conclude that accountability, in the absence of shareholders, is driven by the number and the power of different stakeholders, validating the stakeholder theory.
2013
24
649
665
F.Dainelli; G.Manetti; B.Sibilio
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Utilizza questo identificatore per citare o creare un link a questa risorsa: https://hdl.handle.net/2158/600197
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