The question of value and its measurability has been always central in the study of social and economic practices, including cultural activities. However, contemporary structural changes related to the emergence of cognitive-cultural capitalism bring new forms of cultural production, consumption and mediation that challenge the analysis of cultural activities’ value(s). Despite the recognition of multidimensionality of its value, impacts of cultural activities are still often underestimated, and evaluation exercises have difficulties in including the diversity of dimensions of value created by these activities, in economic, social, cultural, environmental or participatory terms. Combining work developed in different research projects, this paper addresses value creation processes in culture and proposes a new conceptual and analytical approach to assess the impact of cultural activities in a given territory. A multidimensional impact assessment method, (co)developed with actors in creative field, is proposed, provided through a toolkit for (self)evaluation of value(s) generated by cultural institutions.

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Value creation,Multidimensionality of value,Impact assessment,Cultural activities