Risk in the investment activity of local-government units in Poland

Jerzy Piotr Gwizdała

Abstract

The aim of this article is to demonstrate the dependencies that exist between the conduct of effective investment activity and risk management in units of local government. The discussion relates to public entities, since this sector is marked by a large number of investments, often simultaneous ones, by discipline in spending financial resources, and also by a legally imposed duty to implement managerial control, including processes of risk management. Furthermore, investments in this sector are often co-financed from external funds, deriving from European Union structural funds, which offers an opportunity to conduct a greater number of more modern investments; however, this generates additional risk connected with obtaining and spending these funds.
Author Jerzy Piotr Gwizdała (FM / KBiF)
Jerzy Piotr Gwizdała,,
- Katedra Bankowości i Finansów
Pages193-202
Publication size in sheets0.5
Book Mrkývka Petr, Gliniecka Jolanta, Tomášková Eva, Juchnevicius Edvardas, Sowiński Tomasz, Radvan Michal (eds.): The Challenges of local government financing in the light of European Union regional policy: (conference proceedings) , Publications of the Masaryk University, theoretical series, edition Scientia, no. 636, 2018, Masaryk University, ISBN 978-80-210-9086-6, [978-80-210-9087-3], 642 p.
Keywords in Englishrisk, investment, local government, management
Languageen angielski
Score (nominal)5
ScoreMinisterial score = 5.0, 27-11-2018, BookChapterNotSeriesMainLanguages
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