Abstract

The article discusses the issues concerning the capitalization of cultural organizations and its consequences on the current management, particularly on financial management. Considering firstly the different legal forms adopted in the cultural sector, we analyze the specific components of capital, both in terms of legal constraints and difficulties in determining the value. Finally, we explore the specific nature of a financial management that, subject to the dynamics of the public sector for many companies operating in the cultural sector, must deal with credit market performance that, especially at a time of crisis, requires more and more guarantees.