Figure 1 - uploaded by Laurentiu Droj
Content may be subject to copyright.
Drivers for legal, technical and economical dimensions of project bankability assessed by banks Source: Lüdeke-Freund, F.; Hampl, N. & Flink, C. Bankability von PhotovoltaikProjekten, 2012
Source publication
Since the start of the European Union Structural Funding Programs 2007-2013, especially those focused on financing investments proposed by private companies, a big change seems to be taken place. Large numbers of companies have applied for grants within these programs and especially for funding under the European Regional Development Fund (ERDF). B...
Citations
... These points are grading different aspects of the investment project or aspects which are related with the company itself and are split into four main groups of criteria called chapters. An initial testing was realized and the indicators were calibrated (Droj, 2013). In this phase the indicators will be tested on a large group of companies, mostly located into the North-Western region of Romania, which are implementing European funded investment projects. ...
Decision making, in case of an investment project developed by a private company, is considered to be one of the greatest challenges for the top management and shareholders of a company. This process is a highly complex one and involves the identification, evaluation and selection of the best opportunity among different investments. This should be that one which could bring the most significant positive impact over the company. In which concerns European funded projects, the decision making moment is a critical one since a wrong taken decision can bring the company in the brinks of downfall due to its high costs, loss of resources and/or loss of opportunity for the company. In the same time a well taken decision can also bring the company in a very good strategic position on the market. For the Romanian companies, especially under the current world economic crisis, proper decision making became an important factor for their success or failure. After taking into consideration these aspects the current study proposes to assess several decision making systems and to compare them. The comparison will include quantitative and qualitative aspects, as well as financial and non-financial aspects. Based on the findings the authors will propose a decision making system which can be used by the top management and shareholders of Romanian or foreign companies to support their investment decisions, especially those investments which target European/National financing. The proposed system was designed to solve the bottlenecks in the current evaluation system for the investment projects proposed to be financed within European funding; especially those related to increasing competitiveness at the level of private companies.
