Naslov
SIGNIFICANCE OF THE NATIONAL AND EU FUNDING IN FINANCING A LONG-TERM INVESTMENTS OF THE ICT SECTOR

Autori
Bestvina Bukvić, Ivana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
9th International Scientific Symposium REGION ENTREPRENEURSHIP DEVELOPMENT / Leko Šimić, Mirna ; Crnković, Boris - Osijek : Ekonomski fakultet Sveučilišta Josipa Jurja Strossmayera u Osijeku, 2020, 872-885

Skup
9th International Scientific Symposium Region, Entrepreneurship, Development 2020 (RED 2020)

Mjesto i datum
Osijek, Hrvatska, 04.06.2020. - 05.06.2020

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
ICT, EU and national funds, long-term investments, business environment

Sažetak
The aim of this study is to contribute to the understanding of the national and the EU funding significance for the development of the Information and communication technologies (ICT) sector and to emphasize the development necessity of business supporting services and the ICT companies’ knowledge in the financial management field. Therefore, the author analysed the level of utilization of national and EU funds in co-financing the investments in the fixed assets of the ICT companies during the period of 8 years, from 2008 to 2016, with the purpose to identify trends, needs and its improvement possibilities. As well, author conducted the on-sight survey with the ICT experts on the reasons of low utilization level of the EU and national funds in financing the investments in fixed assets of the ICT companies. It was discovered that there is a continuous low level of contribution of the EU and national funds in long-term investments of the ICT sector as it ranges from 0.6% to 1.7% of total investment value, where more than 90% is financed from companies own sources throughout the observed period. These are surprising data if taking into consideration that there is more than 60% of available unallocated funds from EU programs and funds (programming period 2014-2020) aimed for the ICT oriented projects. The ICT professionals, which clearly stated that they consider application to the EU and national calls for funding time-consuming and too administrative, gave the answer to the question of what are the reasons for the low level of utilization where, it seems, final value of outcomes and perhaps even possibilities for approval do not correspond to the invested effort. Here, the question of the level of knowledge to develop the project applications and conduct the EU projects was raised as well.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA