Alternative Financing Of Smart And Sustainable Business Ideas
Alternative Financing Of Smart And Sustainable Business Ideas
Author(s): Matej Požarnik, Lea Robič MoharSubject(s): Business Economy / Management, Economic development, EU-Accession / EU-DEvelopment, Fiscal Politics / Budgeting
Published by: Naučno društvo za promociju i unapređenje društvenih nauka AKROASIS
Keywords: EU structural funds; project assessment; Multiple Criteria Decision Analysis; Ranking;
Summary/Abstract: This paper describes the impact of assessment or evaluation criteria on the selection of projects co-financed by EU structural funds. By multiple criteria method of selection four representative groups of projects were ranked based on quantitative financial and qualitative non-financial criteria. The first group of criteria relates to financial data from past statements and the second group of criteria relates to the content of the project idea and the quality of the applicant. Inappropriate criteria result in the co-financing of inappropriate projects, whose effects do not benefit the vision of smart and sustainable economy of EU.
Journal: Socioeconomica - Naučni časopis za teoriju i praksu društveno-ekonomskog razvoja
- Issue Year: 4/2015
- Issue No: 8
- Page Range: 291-302
- Page Count: 12
- Language: English