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The Governance of Not-for-Profit Organizations$
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Edward L. Glaeser

Print publication date: 2003

Print ISBN-13: 9780226297859

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226297866.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 05 August 2021

Does Governance Matter?

Does Governance Matter?

The Case of Art Museums

(p.71) 2 Does Governance Matter?
The Governance of Not-for-Profit Organizations
Sharon Osterand, William N. Goetzmann
University of Chicago Press

This chapter explores the effect of governance structure on museum performance. It is particularly interested in whether the ownership structure of a museum influences the balance it strikes among competing constituents. The chapter discusses the ways in which serving popular audiences and serving a narrower elite group compete for museum attention. It examines the question of whether common and elite artistic tastes are connected, using time-series analysis of art prices and attendance at museums. The study finds striking differences in the performance of museums that are consistent with expectations about differences in institutional economic incentives.

Keywords:   museum finances, governance structure, museum ownership, economic incentives

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