CONSIDERATIONS REGARDING THE INFLUENCE OF THE BASE LEADING RATE OVER INVESTMENT PROJECTS FINANCED BY EU FUNDS
Journal Title: Annales Universitatis Apulensis series Oeconomica - Year 2009, Vol 11, Issue 1
Abstract
The investment process is a complex economic process that implies risks. Allotting capital resources in an investment project without using an adequate discount rate of the cash flows, which will take into account the evolution of the base leading rate of NBR (National Bank of Romania), can lead to the total or partial loss of the invested capital by the European Union, by Romania’s government and by the applicants. There is a permanent concern from the experts to find an adequate indicator to calculate the discount rate of the cash flows, which will be able to provide an accurate image of the efficiency of an investment project and that will allow to make the right decision regarding the existent financing or capital investment alternatives.
Authors and Affiliations
Attila Tamaş Szora, Iulian Dobra
Keywords
Related Articles
- EP ID EP118933
- DOI -
- Views 107
- Downloads 0
THE ROMANIAN AGRICULTURE – BETWEEN MYTH AND REALITY
This paper analyses the performance of the Romanian agriculture as against the EU agriculture from a historic perspective in order to reveal the gaps and to demythologize the assertion saying that „Romania has been Europ...
KNOWLEDGE MANAGEMENT AND ORGANISATIONAL STRUCTURE DESIGN PROCESS
The new society, the society of knowledge, is based on an economy of connections, relationships, networks and on the collective intelligence that represents the foundation of durable development and in which knowledge...
TRAVEL AND TOURISM COMPETITIVENESS OF THE WORLD’S TOP TOURISM DESTINATIONS: AN EXPLORATORY ASSESSMENT
In the recent years, competitiveness has become one of the common concepts employed to approach and describe the sustainable development of the travel and tourism industry. Competitiveness of the travel and tourism indus...
TESTING THE EFFICIENCY MARKET HYPOTHESIS FOR THE ROMANIAN STOCK MARKET
Efficient Market Hypothesis has dominated the field of research on capital market theory. It states that asset prices are rationally connected to economic realities and always incorporate all the information available to...
CULTURAL DIFFERENCES IN PROJECT MANAGEMENT
In tough economic times and under global competition, management by projects is now regarded as a competitive way for managing organizations. This paper wants to outline the importance of cultural differences aspects in...