European Structural Funds and Rentability
One of the great achievements of the European Union is the creation of the single market, but for it to work efficiently, it is imperative that the gaps between the participating states be minimal. Thus, to address this issue the EU has created a Regional Development Policy through which it allocates Structural and Cohesion Funds to finance projects in countries with lower economic development. Lately there is an increasingly fierce debate on the efficiency of structural funds for EU members in Central and Eastern Europe. This debate is fueled by various studies that show that although many of the projects financed from Structural Funds achieve their objectives, the effects are not visible in the aggregate indicators.
Within this article we intend to analyze the impact that the Structural Funds have on the profitability of the beneficiary companies. For this we analyzed a group of companies that benefited from non-reimbursable financial aid during the multiannual financial period 2007-2013 and a group of companies that did not benefit from this facility. Following the analysis of the financial accounting data reported by the companies in the two groups, statistically significant differences were identified.
 Barry F Bradley J & Hannan A. The Single Market, The Structural Funds and Ireland's Recent Economic Growth. Journal of Common Market Studies; 2001 39, (3): 537 - 552.
 Jureviciene D, Jurate P. "The Impact of EU Structural Fund Support and Problems of its Absorption." Business, Management and Education. 11; 2013, pp. 1-18.
Dumčiuvienė D & Adomynienė I. The Evaluation of European Union Structural Support. Procedia - Social and Behavioral Sciences; 2014; 156, 382 – 387.
 Ederveen S, Groot LH & Nahuis R. Fertile Soil for Structural Funds? Tinbergen Institute Discussion Paper TI 2002, no. 02-096/3.
 Palevičienė A & Dumčiuvienė D. Socio-Economic Diversity of European Regions: Finding the Impact for Regional Performance. Procedia Economics and Finance, 2015, 23, pp. 1096 – 1101.
 Reiner M. The Impact of the EU’s Structural and Cohesion Funds on Real Convergence in the EU. NBP conference potential output and barriers to growth Zalesie Górne; 2003.
 Wostner P. Micro-efficiency of the EU Cohesion Policy. European Policies Research Center, Glasgow; 2008.
 Wostner P & Šlander S. The effectiveness of EU cohesion policy revisited: are EU funds really additional? European Policies Research Centre - Research Paper; 2009, Number 69.
 Romanian Ministry of European Funds. Available from: www.fonduri-ue.ro
 Romanian Ministry of Finance. Available from: www.mfinante.ro
Copyright (c) 2020 LUMEN Proceedings
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Selection and peer-review under responsibility of the Organizing Committee of the conference.
This is an Open Access article distributed under the terms of the Creative Commons Attribution-Noncommercial 4.0 Unported License, permitting all non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited