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Financial Sustainability Of The Sovereign Development And Investment Fund (Sdif), Between Theory And Practice

Author

Listed:
  • Cristian PARASCHIV

    (Lucian Blaga University of Sibiu)

  • Cosmin TILEAGĂ

    (Lucian Blaga University of Sibiu)

Abstract

Theoretically and virtually, the investment and development fund projects and their activity prove to be sustainable in the long run, for example in Norway, where the additional income from the exploitation of natural resources in the North Sea is accumulated in an investment and development fund. In this case, it is about a revenue surplus that has been estimated to be accumulated and multiplied. The project to establish a sovereign investment fund in Romania, which is based on an initially subscribed share capital, mainly constituted by contribution in kind, that is from participations held by the Romanian State in certain companies, underlines both theoretically and virtually, major differences compared to the Norwegian model and even to other European projects developed in this area.

Suggested Citation

  • Cristian PARASCHIV & Cosmin TILEAGĂ, 2019. "Financial Sustainability Of The Sovereign Development And Investment Fund (Sdif), Between Theory And Practice," Management of Sustainable Development, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 11(2), pages 1-7, December.
    • Handle: RePEc:blg:msudev:v:11:y:2019:i:2:p:21-27
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    File URL: https://msdjournal.org/wp-content/uploads/vol11issue2-3.pdf
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    References listed on IDEAS

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    1. Y. Fassin, 2008. "The Stakeholder Model Refined," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 08/504, Ghent University, Faculty of Economics and Business Administration.
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    More about this item

    Keywords

    SDIF; sovereign fund; investments; assets;
    All these keywords.

    JEL classification:

    • G3 - Financial Economics - - Corporate Finance and Governance
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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