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A New Approach For The Economical Efficiency Concept For Investments

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  • Costel SERBAN

Abstract

According to the current interpretation, the economic efficiency of an investment project is defined as a category expressing the ratios established between the value and the structure of resources assigned for the execution of a project and the value and quality of useful effects which will be obtained (Ionita et al., 2003). We consider that the definition has certain limits, because it does not express the new type of European development, based on the market economy, having the fundamental objective to accelerate the increase of the general efficiency of the productive activity. As a result, it is imposed a mentality change for the formulation of the final analysis and assessment system for this economical category. For this, the author proposes to preset a new interpretation of the concept which will consider the principle of the systemic approach of the efficiency of an investment project, considering that the effects of an investment process occur not just on the investor, but on the whole economy.

Suggested Citation

  • Costel SERBAN, 2016. "A New Approach For The Economical Efficiency Concept For Investments," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(1), pages 271-284, November.
    • Handle: RePEc:rom:mancon:v:10:y:2016:i:1:p:271-284
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    References listed on IDEAS

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    1. Gumovschi Ana & Aurelia Marianciuc, 2008. "Project Risk Management," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 41(4), pages 58-64.
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