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

Angel Stankov Sarov, Krasimir Dimitrov Kostenarov and Atidzhe Bayryamova Aliyeva – Veli
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Angel Stankov Sarov: Trakia University, Stara Zagora
Krasimir Dimitrov Kostenarov: New Bulgarian University, Sofia
Atidzhe Bayryamova Aliyeva – Veli: New Bulgarian University, Sofia

Economic Alternatives, 2025, issue 2, 594-605

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.

Keywords: Bulgaria; farms; governance sustainability; AHP method (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:eajour:y:2025:i:2:p:594-605

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