Event performance index: a holistic valuation tool

Bandi, Monika; Künzi, Adrian Ulrich; Lehmann, Therese; Müller, Hansruedi (2018). Event performance index: a holistic valuation tool. International journal of event and festival management, 9(2), pp. 166-182. Emerald 10.1108/IJEFM-09-2017-0047

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Purpose The subsidization of events by public authorities at different administrative levels has become increasingly important in recent years. Event portfolios are an important supply component of tourism destinations. The development of a valuation tool with an event performance index (EPI) as the key output should enable public authorities to develop transparent, systematic and fair subsidization practices in the future. The paper aims discuss these issues. Design/methodology/approach Using a theoretical impact model and event evaluation practices, this work develops a new holistic valuation tool for events with key indicators along the dimensions of sustainable development. Basic cost-benefit analysis ideas enrich the approach conceptually. Indicator development was based on a process of elaboration that considered the scientific literature, event stakeholders and municipal representatives. Findings The EPI consists of seven core indicators: size, economic value, touristic value and image, innovative strength, value of networking, value of participation and social exchange and relative ecological burden. The application of this tool to a case study revealed that it generates comprehensive and robust indicators of multifaceted and destination-unspecific event values and supports the process of allocating event subsidies using different remuneration schemes. Straightforward and destination-unspecific indicators assure the transferability and adaptability of the valuation tool to different complex and multifaceted contexts of event subsidization. Originality/value The EPI seeks to reduce complexity and incentivize event organizers to meet future sustainable development goals. Additionally, this work contributes to future discussions of both the form and process of event subsidization.

Item Type:

Journal Article (Original Article)

Division/Institute:

11 Centers of Competence > Center of Comptetence for Public Management (KPM)
03 Faculty of Business, Economics and Social Sciences > Department of Economics
03 Faculty of Business, Economics and Social Sciences > Department of Economics > Institute of Economics > Economic Policy and Regional Economics
03 Faculty of Business, Economics and Social Sciences > Department of Economics > Institute of Economics
03 Faculty of Business, Economics and Social Sciences > Department of Economics > Institute of Economics > Public Economics
11 Centers of Competence > Center for Regional Economic Development (CRED)

UniBE Contributor:

Bandi, Monika; Künzi, Adrian Ulrich; Lehmann, Therese and Müller, Hansruedi

Subjects:

300 Social sciences, sociology & anthropology > 330 Economics

ISSN:

1758-2954

Publisher:

Emerald

Language:

English

Submitter:

Melanie Moser

Date Deposited:

25 Jul 2018 07:33

Last Modified:

25 Jul 2018 07:33

Publisher DOI:

10.1108/IJEFM-09-2017-0047

URI:

https://boris.unibe.ch/id/eprint/118948

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