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Assessment of the Relative Importance of the Governance Sustainability Principles in Bulgarian Farms

Author

Listed:
  • Angel Stankov Sarov

    (Trakia University, Stara Zagora)

  • Krasimir Dimitrov Kostenarov

    (New Bulgarian University, Sofia)

  • Atidzhe Bayryamova Aliyeva – Veli

    (New Bulgarian University, Sofia)

Abstract

The present study assesses the relative importance of the principles of governance sustainability in Bulgarian farms. Based on the principles of governance sustainability, the alternatives for the application of the multicriteria analysis (AHP method) are derived. According to the obtained results for the stakeholders, „Working market environment and good private practices“ is the leading alternative with 61.9%. „Good legislation“ is also important with 19.8%, followed by the alternative „Democracy of governance“ with 18.4%. The results of the assessment according to the prevailing criteria pose many questions about the uncertainty and mistrust in the institutional environment presented by the legislative power and the democratic governance in Bulgaria.

Suggested Citation

  • Angel Stankov Sarov & Krasimir Dimitrov Kostenarov & Atidzhe Bayryamova Aliyeva – Veli, 2025. "Assessment of the Relative Importance of the Governance Sustainability Principles in Bulgarian Farms," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 594-605, June.
    • Handle: RePEc:nwe:eajour:y:2025:i:2:p:594-605
    as

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    References listed on IDEAS

    as
    1. ., 2001. "Corporate Governance in Islamic Banking," Chapters, in: Islamic Banking, chapter 7, Edward Elgar Publishing.
    2. Hrabrin BACHEV, 2016. "Defining and Assessing the Governance of Agrarian Sustainability," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 7(4), pages 797-816.
    3. Tirole, Jean, 2001. "Corporate Governance," Econometrica, Econometric Society, vol. 69(1), pages 1-35, January.
    4. repec:srs:journl:jarle:v:7:y:2016:i:4:p:797-816 is not listed on IDEAS
    5. Hrabrin Ianouchev BACHEV, 2016. "A Holistic Approach for Assessing the System of Governance of Agrarian Sustainability," Journal of Economic and Social Thought, KSP Journals, vol. 3(3), pages 434-457, September.
    6. Margarita Ivanova, 2021. "Bulgarian Export of Consumption Goods and Intermediate Goods Since the Outbreak of the Corona-virus," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 213-224, July.
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