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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
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    References listed on IDEAS

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    5. ., 2001. "Corporate Governance in Islamic Banking," Chapters, in: Islamic Banking, chapter 7, Edward Elgar Publishing.
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    7. 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.
    Full references (including those not matched with items on IDEAS)

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