Projects

Corporate Efficiency, Failure, and EU Funds: Lessons from Slovakia

doc. Ing. Tomáš Výrost, PhD.

Members of project
doc. Ing. Tomáš Výrost, PhD., Ing. Ivan Lichner, PhD.

• Basic informations
• Characteristics

• Duration of the project: 09/2024 - 08/2026
  ID number: 09I03-03-V04-00429

• The project focuses on the impacts and consequences of the implementation of the European Union policy in the time dimension of the two programming periods (2007-2013 and 2014-2020) and the spatial dimension of the regions of Slovakia and in the EU Member States. The main objective of the project is to contribute to the modelling of the effectiveness and efficiency of the EU's cohesion policy instruments in relation to the achievement of its objectives (macroeconomic view) and in relation to entities participating in European projects, such as local businesses (microeconomic view). Although the European Commission regularly evaluates the macroeconomic performance of cohesion policy, which is also extensively examined in numerous publications, microeconomic studies on a large sample are relatively rare. The project aims to fill this gap by focusing on the performance, efficiency and failures of entities directly or indirectly involved in EU-funded projects. The project also deals with the construction of models for the determinants of failures in entities involved in projects funded under the EU cohesion policy. The quantification of possibility of failure has direct practical application in the management of EU funds through the potential reduction of financial irregularities, increasing the proportion of successfully completed projects and subsequently achieving the objectives of EU cohesion policy.