Risk in Local Government Investment Activities in Poland Financed by EU Structural Funds

18 Pages Posted: 4 Dec 2015

See all articles by Jerzy Gwizdała

Jerzy Gwizdała

University of Gdańsk - Faculty of Management

Date Written: December 2, 2015

Abstract

The purpose of this article is to present the interdependence of effective investment activities financed by the Structural Funds of the European Union and risk management in local government units. The study relates to public entities, since this sector is characterised by a large number of ongoing and often concurrent projects, fund disbursement discipline as well as the legal requirement of internal control, including risk management processes. Furthermore, the projects are often financed with external resources, coming in recent years from the EU Structural Funds. This presents an opportunity for the conduct of a greater number of more advanced projects, which generate new risks associated with the acquisition and disbursement of these funds.

Keywords: government, investment, risk

JEL Classification: L32, L50

Suggested Citation

Gwizdała, Jerzy, Risk in Local Government Investment Activities in Poland Financed by EU Structural Funds (December 2, 2015). Available at SSRN: https://ssrn.com/abstract=2698366 or http://dx.doi.org/10.2139/ssrn.2698366

Jerzy Gwizdała (Contact Author)

University of Gdańsk - Faculty of Management ( email )

ul. Armii Krajowej 101, 81-824, Sopot
ul. Bażyńskiego 1A
Gdańsk, pomorskie 80-952
Poland

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