Efficiency of social investment projects from the position of the institutional approach

Abstract

The research objective is the development of the recommendations for the assessment of the efficiency of social investment projects, which fixes the uniform approach to the assessment, taking into account the interests of all the interested parties. The creation of effective institutes in the market economy of our country is one of pressing issues now. The efficiency of investments into social investment projects is considered in terms of the theory of institutionalism. It is offered to consider the assessment of the efficiency of social projects which is based on the methodical norms and rules that allow carrying out the assessment uniformly, on the basis of the uniform reasonable principles, with equal accounting of interests of all the interested parties. The social investment project is the form of manifestation of such an institute. Society, state, business, and future generations are considered as the economic agents of the assessment of efficiency. The institutional approach to the assessment of efficiency of the implementation of social investment projects that allow estimating the behavior of agents and operating the system of their relations is the result of the research. The result of the research can be applicable for the assessment of efficiency of the social investment project by any of the agents considered within the offered institute.