Quantitative Methods for Sound Financial Management Decisions in Romanian European Social Fund Implementation
| Autor: | Cristian Dogar, Codruţa Mare |
|---|---|
| Rok vydání: | 2014 |
| Předmět: |
geography
geography.geographical_feature_category Process management business.industry Romanian OLS model European Social Fund language.human_language Variable cost Compliance (psychology) Financial management Variable costs language Economics sound financial management General Materials Science Marketing business Set (psychology) Quantitative methods Sound (geography) |
| Zdroj: | Procedia - Social and Behavioral Sciences. 109:290-294 |
| ISSN: | 1877-0428 |
| DOI: | 10.1016/j.sbspro.2013.12.459 |
| Popis: | European Social Fund has to be accurately implemented by Members’ States authorities through projects developed by public and private national entities, according also to the principle of “sound financial management”, described as the expression of the appropriate mix of economy of assigned resources, efficient allocation of resources toward indicators and effectiveness of financed operations. As long as ESF funding is trusted for implementation through a decentralized management mechanism to the Members’ State Authorities, those have to comply with reporting objectives to the EC, as set into the European Regulations, including compliance to the “sound financial management” principle whose three components are specific, measurable, achievable, realistic and timely (SMART). Identifying the most appropriate quantitative methods that could be applied to the measurable elements may be seen as a first step in assisting both: management's decision towards implementation and reporting over the EC objectives. Our study tends to appropriate some quantitative models to the ESF implementation mechanisms, enhancing connections among ESF specific variables: project's budgets and number of individuals receiving labor market related services (also called project's indicators). Conclusions lead us to a series of quantitative models that may be practically used for assisting management's decision and reporting towards a sound ESF implementation in Romania. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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